ITT Exelis ( NYSE:XLS) has been selected by Raytheon Company to supply antenna subsystems for the Standard Missile-3 (SM-3) program. The Exelis antennas will be fielded as part of SM-3 Block IIA, a cooperative development program between the U.S. Department of Defense and the Ministry of Defense of Japan, scheduled to be deployed in 2018.
Employed as part of the Aegis Ballistic Missile Defense System, the SM-3 will provide interception capability against short, medium and intermediate-range ballistic missiles.
Under the contract, valued at $2.96 million, Exelis will produce conformal, multifunction apertures to provide navigation, multiple data link and flight-termination capabilities for the missiles. This will help improve accuracy and communications during flight while maintaining crew safety in the event of an emergency termination. Delivery of the Exelis antennas is expected to begin this year and continue through mid-2015.
“Our antennas enable the Standard Missile-3 to stay on target, protecting U.S. and allied territories and forces from incoming ballistic threats,” said Paul Eyring, senior director of programs for antennas, sensors and microelectronics for Exelis Electronic Systems. “Effective missile defense is critical to global security, and Exelis is proud to be supporting this effort.”Each of the Exelis-supplied antenna suites includes seven multifunction antennas, and Exelis is responsible for qualification testing, manufacturing and delivery. Work under the contract will be performed at the Exelis Electronic Systems facility in Bohemia, N.Y. About ITT Exelis Exelis 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