Exelis ( NYSE: XLS) has received a $68 million multiyear indefinite-delivery, indefinite-quantity contract to continue supplying the Advanced Capability Pod (ACaP) to the U.S. Air Force and U.S. Navy for use on F-15, F-16 and F/A-18 tactical aircraft.
Designed by ELTA Systems Ltd. and produced by Exelis, the ACaP system provides the aircraft with a lightweight, cost-effective and fully integrated electronic radio frequency countermeasures capability. The system offers simultaneous receive and jam coverage against multiple concurrent threats, acting fully autonomously while allowing for aircrew intervention when manual control is required.
"The ACaP jamming pod is the most effective radar jammer in its class, offering pilots unparalleled electronic protection and the ability to counter advanced anti-access/area denial strategies in hostile, high-threat environments,” said Pete Martin, director of defense systems for the Exelis electronic attack & release systems business. "This award further demonstrates Exelis’ role as a global leader in electronic warfare."
The Exelis Electronic Systems division in Amityville, N.Y., provides the ACaP. Deliveries under the latest contract are expected to begin in July 2014.About Exelis Exelis is a diversified, top-tier global aerospace, defense, information and 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 critical networks, ISR and analytics, electronic warfare, navigation, sensors, air traffic solutions, communications, and information systems as have strong positions in composite aerostructures, logistics and technical services. Headquartered in McLean, Va., the company employs about 19,000 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 + 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