This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ITT Exelis To Support Mirror Development On New Ground-based, Sky Survey Telescope

Stocks in this article: XLS

ITT Exelis (NYSE: XLS) has been awarded a two-phase contract for risk reduction and then the multimillion dollar effort of polishing and integrated optical testing of the 3.5m secondary mirror assembly for the Large Synoptic Survey Telescope (LSST). The telescope will be ground-based in Chile and provide scientists with data to address today’s most compelling questions in astrophysics and allow the general public real-time access to the variable night sky.

The contract to Exelis was awarded by the Association of Universities for Research in Astronomy, Inc. on behalf of the LSST Project, a public-private partnership including funding from the National Science Foundation, the Charles and Lisa Simonyi Fund for Arts and Sciences, the Department of Energy and other organizations.

“Our risk reduction work will ensure that scientists receive high-quality images to support their research,” said Gary Matthews, director of Universe Exploration programs at Exelis. “We will verify that the optical metrology plan will provide an accurate and repeatable measurement. In turn, this will confirm that the quality of the secondary mirror during processing and mounting meets LSST specifications.”

The LSST Project was named a top priority in the National Research Council’s Astro2010 report, New Worlds, New Horizons in Astronomy and Astrophysics , a decadal survey that ranked it as the top large-scale, ground-based project for the next decade. Once operational, the telescope will survey the entire visible sky every three nights. It will generate 30 terabytes of data per night from a 3 billion-pixel digital camera to produce a database of information on the universe. Taking exposures every 10 seconds to track objects that change or move, the LSST will chart the history of the expansion of the universe.

“Our work will contribute to scientific research, education and discovery.” Matthews said. “This is an area where we have significant ongoing capability which we can bring in support of our customer.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs