Sign In
Search
Business/Financial

Earnings, Sales Slip At Exelis In Fourth Quarter

Cal Biesecker By
SHARE:
Earnings, Sales Slip At Exelis In Fourth Quarter
AIA President and CEO Dave Melcher

Exelis [XLS] on Friday posted fourth quarter financial results that saw lower income and sales as a number of charges took a bite out of earnings. Net income dipped 8 percent to $79 million, 41 cents earnings per share (EPS), from $86 million (45 cents EPS), as significantly higher restructuring charges combined with costs related to the planned spin-off this summer of the Mission Systems group, and a tax-related related to Exelis’ spin-off from ITT Corp. [ITT] in 2011 weighed…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Blue Water Autonomy Announces Power, Propulsion, Manufacturing Partners

Business/Financial

L3Harris Reports Strong First Quarter Bolstered By ISR, Space And Rocket Motors

Business/Financial

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Business/Financial

York Space Systems To Acquire Terminal Developer All.Space In $355M Deal

Trending

Addition Of Production Lines For F-15EX Eyed By USAF, MQ-9 Follow-On In Works
HAC-D Lawmakers Skeptical Of Battleship; CNO Says Will Use Ford Reactor
Army Awards Leidos $2.7 Billion To Accelerate Hypersonic Work
Defense Watch: Mythos, DARC, DARPA Plane, New SWO Boss, Startup Raises
With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

Congress Updates

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume