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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Exelis Completes Primary Payload For GOES-R Weather Satellite

Exelis (NYSE: XLS) has completed the primary payload for the future Geostationary Operational Environmental Satellite-R (GOES-R) weather satellite. The Advanced Baseline Imager (ABI), which provides high-resolution imagery of environmental conditions, will be transported in January to Denver where it will be integrated into its GOES-R satellite for a scheduled 2016 launch.

“The ABI is the foundation of the National Oceanic and Atmospheric Administration’s (NOAA) whole severe weather forecasting capability,” said Eric Webster, vice president of the Exelis Geospatial Systems weather business area. “We’ve finished it and it is ready for integration into the satellite. This is a huge milestone in a $10 billion program.”

The ABI is part of the next generation GOES-R Series Program jointly managed by NASA and NOAA. Developed out of Exelis core competencies in weather and image science, ABI technology reflects the company’s focus and expertise in the intelligence, surveillance and reconnaissance and analytics area of the company.

The GOES-R series of satellites will be positioned 22,300 miles above the earth providing 24-hour-a-day coverage of the Western Hemisphere with visible and infrared imagery. The National Weather Service relies on data from NOAA’s geosynchronous satellites to accurately forecast and monitor severe weather like tornadoes and hurricanes, providing the very images people see on television and Internet reports. NOAA estimates the GOES-R Series Program will save $4.6 billion in economic losses due to improved forecasts and information. In addition, improvements will be made to products used for monitoring rainfall precipitation, wildfires and volcanic ash.

“Given the impacts of severe storms in terms of loss of life, property damage and effects on the economy, better forecasts aren't just a goal but a necessity," Webster said. "Forecasters need better information and tools to improve the accuracy and lead time of severe storms. Completing the ABI moves NOAA one step closer to providing significant improvements to all aspects of severe weather forecasts: better insight into the makeup of the storm, higher-resolution images and data five times faster than today's capability.”

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 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

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