ITT Exelis (NYSE: XLS) has been awarded a multi-million dollar contract from Lockheed Martin to fabricate composite blade seal components for all variants of the F-35 Lightning II program. This award will support production for LRIP 6 and 7 through 2015. Production of the blade seals will take place at the new Exelis composite design and manufacturing center in Salt Lake City, Utah.
“Our expertise in fabricating complex, high-performance composite structures provides the highest-quality solutions at the best value for our customer,” said Mike Blair, vice president and general manager of the Exelis Aerostructures business. “With our commitment to operational excellence, we will maximize that value, offering the right processes more efficiently to meet our customer’s needs.”
Exelis has more than 40 years of experience in the design and manufacture of composite structures and assemblies. Composite structures are used increasingly by commercial and military aircraft manufacturers as a proven alternative to metal structures to help decrease an aircraft’s weight and fuel consumption and increase its resilience to environmental conditions and in-flight stress. As demand increases for these structures, Exelis is positioned with increased manufacturing capacity and breadth of composite process capability to provide customers with optimal solutions to meet their needs.
About ITT ExelisExelis is a diversified, top-tier global aerospace, defense, information and technical services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. We are a leader in communications, sensing and surveillance, critical networks, electronic warfare, navigation, air traffic solutions and information systems with growing positions in C4ISR, composite aerostructures, logistics and technical services. Headquartered in McLean, Va., the company employs about 19,900 people and generated 2012 sales of $5.5 billion. For more information, visit our website at www.exelisinc.com or connect with us on Facebook, Twitter and YouTube.
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