ITT Exelis Receives Multimillion Dollar Contract From Lockheed Martin F-35 Program

ITT Exelis (NYSE: XLS) has been awarded a multi-million dollar contract from Lockheed Martin to fabricate composite blade seal components for all variants of the F-35 Lightning II program. This award will support production for LRIP 6 and 7 through 2015. Production of the blade seals will take place at the new Exelis composite design and manufacturing center in Salt Lake City, Utah.

“Our expertise in fabricating complex, high-performance composite structures provides the highest-quality solutions at the best value for our customer,” said Mike Blair, vice president and general manager of the Exelis Aerostructures business. “With our commitment to operational excellence, we will maximize that value, offering the right processes more efficiently to meet our customer’s needs.”

Exelis has more than 40 years of experience in the design and manufacture of composite structures and assemblies. Composite structures are used increasingly by commercial and military aircraft manufacturers as a proven alternative to metal structures to help decrease an aircraft’s weight and fuel consumption and increase its resilience to environmental conditions and in-flight stress. As demand increases for these structures, Exelis is positioned with increased manufacturing capacity and breadth of composite process capability to provide customers with optimal solutions to meet their needs.

About ITT Exelis

Exelis is a diversified, top-tier global aerospace, defense, information and technical 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 communications, sensing and surveillance, critical networks, electronic warfare, navigation, air traffic solutions and information systems with growing positions in C4ISR, composite aerostructures, logistics and technical services. Headquartered in McLean, Va., the company employs about 19,900 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.

If you liked this article you might like

'Mad Money' Lightning Round: Buy, Buy, Buy Rite Aid for the Long Term

Jim Cramer's 'Mad Money' Recap: Time to Do Some Buy, Buy, Buying

Harris' Weak Results Vindicate Its Aggressive M&A Strategy

Jim Cramer's Top Takeaways: Harris, Lululemon Athletica, Tesla

Jim Cramer's 'Mad Money' Recap: Good Headlines Make All the Difference