March 04, 2015 10:23 AM ET

Aerospace and Defense

Company Overview of Exelis Inc.

Company Overview

Exelis Inc. provides command, control, communications, computers, intelligence, and surveillance and reconnaissance (C4ISR) electronics and systems in the United States and internationally. Its C4ISR Electronics and Systems segment offers intelligence, surveillance, and reconnaissance systems; integrated electronic warfare systems; and electronic attack and release systems, including aircraft-armament suspension and release equipment, weapons interface systems, and surveillance aircraft and unmanned aerial vehicles. This segment also provides radar, electronic warfare, and signal intelligence systems; interference cancellation systems, mobile satellite communications systems, and tactical we...

1650 Tysons Boulevard

Suite 1700

McLean, VA 22102

United States

Founded in 2011

10,000 Employees

Phone:

703-790-6300

Fax:

703-790-6360

Key Executives for Exelis Inc.

Chief Executive Officer, President and Director
Age: 59
Total Annual Compensation: $930.0K
Chief Financial Officer and Senior Vice President
Age: 46
Total Annual Compensation: $479.5K
Executive Vice President and President of Geospatial Systems
Age: 55
Total Annual Compensation: $387.8K
Chief Legal Officer, Senior Vice President and Corporate Secretary
Age: 62
Total Annual Compensation: $408.1K
Chief Human Resources Officer and Senior Vice President
Age: 60
Total Annual Compensation: $362.1K
Compensation as of Fiscal Year 2013.

Exelis Inc. Key Developments

Port of Seattle Selects Exelis Noise Monitoring and Flight Tracking Solutions

Exelis has been selected by the Port of Seattle to provide its Noise Monitoring and Flight Tracking System (NMFTS) to Seattle-Tacoma International Airport (Sea-Tac), Washington. The system will provide accurate and timely noise event and flight track information to the airport and surrounding community. NMFTS will consist of aircraft surveillance software solutions provided by Exelis, integrated with Model 831-based noise monitors from sound level meter designer and manufacturer Larson Davis.

Exelis Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Exelis reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company's revenue was $3,277 million compared with $3,341 million a year ago. Operating income was $397 million compared with $328 million a year ago. Income from continuing operations before income tax expense was $365 million compared with $288 million a year ago. Income from continuing operations was $230 million compared with $178 million a year ago. Net income was $249 million compared with $281 million a year ago. Diluted earnings per share were $1.29 compared with $1.46 a year ago. Net income diluted earnings per share on continuing operations were $0.10 compared with $0.54 a year ago. Net cash provided by operating activities from continuing operations was $160 million compared with $194 million a year ago. Adjusted net income from continuing operations was $237 million compared with $183 million a year ago. Adjusted net income from continuing operations per fully diluted share was $1.23 compared with $0.95 a year ago. Capital expenditures were $53 compared with $76 million a year ago. Free cash flow from continuing operations, as adjusted of $114 million. For the quarter, the company reported, net income from continuing operations was $87 million compared with $61 million a year ago. Adjusted net income from continuing operations was $90 million compared with $66 million a year ago. Adjusted net income from continuing operations per fully diluted share was $0.47 compared with $0.34 a year ago. Capital expenditures were $18 million. Cash flow from operating activities from continuing operations of $127 million. Free cash flow from continuing operations, as adjusted of $112 million.

Exelis Releases CorvusEye Airborne System Nighttime Infrared Imagery

Exelis released the first nighttime imagery taken by the CorvusEye 1500 wide-area airborne system. The image, taken using a mid-wave infrared (IR) sensor, depicts cars and pedestrians in downtown Rochester. From an altitude of 15,000 feet over a one-square-mile area of Rochester, the nighttime picture shows a level of detail and context unavailable with comparable systems. Exelis launched the IR sensor in October 2014 as a companion to the daytime electro-optical sensor released in May. Now, CorvusEye offers full 24/7 airborne surveillance capability for a variety of commercial and government applications. The CorvusEye system is an example of a product Exelis offers as part of its strategic focus on intelligence, surveillance, reconnaissance and analytics. The CorvusEye system complements traditional video surveillance systems and captures high-resolution, visible color and IR motion imagery during the day and night over a wide area up to 1.24 miles in diameter. It can track movement that may be connected to potentially hazardous or illicit activity. At 15 inches in diameter and weighing less than 95 pounds, the CorvusEye turret and sensor package can fit on most mid-size unmanned and manned aircraft and uses standard interfaces to swap into virtually any 15-inch airframe mounting location. CorvusEye provides real-time processing and is exportable to many military, intelligence and security customers around the world.

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