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

Fewer Portfolio Adjustments Ahead For L3Harris As Mehta Focuses On ‘Business We Have’

Business/Financial

Oshkosh Defense To Manufacture Grid Aero’s Autonomous Cargo Drone In New Partnership

Business/Financial

DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan

Business/Financial

Shipbuilding, Unmanned Systems Lead HII To Strong Third Quarter

Trending

Federal Watchdogs File Project Meridian Lawsuit
Corridian, Developer Of ‘Ultra-Large’ AUVs for Stealth Logistics, Other Roles Emerges With $38 Million
U.S. Space Force Cislunar Space System Under Consideration
DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan
Defense Watch: BAE Deck Launcher, SSN-788, Swedish Saildrone, XQ-57A, Leidos Dividend

Congress Updates

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

Air Force

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume