Exelis ( NYSE: XLS) has received $9 million from the U.S. Air Force to supply spare components for electronic warfare (EW) technology provided to Pakistan under an existing contract.
The original contract, awarded in December 2011, granted Exelis $53 million to supply Pakistan with ALQ-211 Advanced Integrated Defensive Electronic Warfare Suite (AIDEWS) systems to protect the country’s F-16 fighter aircraft from radio frequency threats. The additional funds provide for the manufacture and delivery of a range of spare AIDEWS components, following successful development and integration flight-testing phases.
“The AIDEWS pod offers dependable protection against a range of dynamic electronic threats,” said Joe Rambala, vice president and general manager of the Exelis integrated electronic warfare systems business area. “Working with U.S. and allied customers to stay ahead of emerging threats has helped make Exelis a global electronic warfare leader, and we remain committed to advancing this critical mission.”
The AIDEWS components will be produced at the Exelis Electronic Systems (ES) facility in Clifton, N.J., with deliveries expected to be complete in 2016. ES is the lead division for the company’s electronic warfare strategic growth platform and provides advanced, integrated EW solutions to protect and enable customers to perform their critical missions.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 timing and navigation, sensors, air traffic solutions, image processing and distribution, communications and information systems, logistics and technical services; and we are focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures. Headquartered in McLean, Va., Exelis 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 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