Information and Technical Services
Information and Technical Services third-quarter 2013 revenue was $643 million, compared to $750 million in the third quarter of 2012, primarily due to decreased activity on Afghanistan contracts, partially offset by increased activity in Federal Aviation Administration programs. Segment operating income for the quarter was $64 million, compared to $59 million for the same period in 2012, driven by contract productivity improvements and strong contract performance resulting in higher award fees.
Exelis also updated its previously published guidance for 2013 revenue and operating margin.
|Current Update||August 2013 Guidance|
|Revenue||$4.9 billion - $5.0 billion|| $5.0 billion - $5.1 billion
|Operating Margin||High end of range||9.4% - 9.8%|
|Earnings Per Share||No change||$1.45 - $1.55|
|Free Cash Flow||No change||> $225 million|
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