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

AE Industrial Partners Completes Acquisition Of Rocketdyne From L3Harris

Business/Financial

Deep Elected To General Dynamics Board

Business/Financial

HII Turns In Strong Second Quarter On Carrier Work, Assault Ships, JVs

Business/Financial

L3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues

Trending

Army Launches Effort To Speed Up Industry’s Access To Test Ranges
Defense Watch: CSO Schiess, SSGNs, Golden Dome Sats, Big DHS C-UAS Award
Kratos Views Engines For Low-Cost Cruise Missiles As Growth Area
First Battleship Could Cost Over $23 Billion And Start Later Than Planned, CBO Says
APG-85 Radar in LRIP, Northrop Grumman Says; F-35 Program Declines Comment

Congress Updates

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

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