Sign In
Search
Business/Financial

Exelis Reports Higher Profits Despite Lower Sales

Cal Biesecker By
SHARE:
Exelis Reports Higher Profits Despite Lower Sales
AIA President and CEO Dave Melcher

Exelis [XLS] on Friday said its first quarter earnings rose due to lower restructuring costs while sales were down due in large part to less work under United States government contracts in Afghanistan and the Middle East. The company also said the planned spin off of its Mission Systems segment into a new publicly-traded company called Vectrus remains on track for this summer. Sales at Mission Systems, which is not part of Exelis’ continuing operations, are expected to be down…

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

Pentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion

Business/Financial

Energy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains

Business/Financial

Trump Leverages Defense Production Act To Boost Munitions Collaboration Within Industry

Business/Financial

Lockheed Martin Exploring Production Help With GM Defense

Trending

Capella Validates Mynaric Optical Terminal on Latest SAR Satellite
House Appropriators Uncertain Navy Will Award F/A-XX Contract By August
Space Force Awards Boeing $2 Billion MUOS Service Life Extension Contract
MDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market
Contract Awards

Congress Updates

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]

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