The U.S. Army Sustainment Command, Rock Island, Ill, has selected ITT Exelis (NYSE: XLS) as one of the prime contractors for the five-year, $23.5 billion Enhanced Army Global Logistics Enterprise (EAGLE) program.
The selection gives Exelis the opportunity to submit proposals on multiple task order requests in support of the Army’s future logistics requirements. The Army is expected to begin issuing task order requests against this new contract as early as mid-Oct. Organizations awarded eligibility to compete for the task orders will function under basic ordering agreements.
EAGLE will soon replace the Army’s Field and Installations Readiness Support Team (FIRST) contract. Exelis is uniquely positioned to participate in the EAGLE program due to its extensive experience and performance in the FIRST program.
“We are very pleased to be selected for this important Army sustainment program,” said Ken Hunzeker, president of the Mission Systems division of ITT Exelis. “Our longstanding participation in the FIRST program has prepared us well for EAGLE, and we are looking forward to continuing to provide support to important programs like the Army Prepositioned Stocks and other sustainment contracts across the Army’s logistics enterprise.”Work in EAGLE will be performed, based on Army requirements, at multiple locations in the U.S. and overseas. About ITT Exelis ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelis.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV