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ITT Exelis To Acquire Australian Communications Software Firm

Defense Daily Staff Defense Daily Staff
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ITT Exelis [XLS] on Monday said it has agreed to acquire C4i Pty. Ltd, an Australian company that develops and provides communications software for air traffic management systems and mobile communications for commercial, defense and homeland security customers. The deal, worth $16.8 million, is expected to close in the first quarter of 2013. C4i has about 45 employees and its sales for the year ending June 30, 2012 were about $9.5 million. C4i will bolster Exelis’ air traffic management portfolio…

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