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ARTICLES

Exelis receives $7.6M contract for U.S. Army low profile satellite antennas

Exelis has received orders valued at $7.6 million from ADS, Inc. on behalf of the U.S. Department of Defense through the Defense Logistics Agency (DLA) Tailored Logistics Support (TLS) program to provide mission command on-the-move systems. The systems will be used for undisclosed worldwide deployments. Called Global Network on the Move-Active Distribution, or GNOMAD, the system provides a broadband, satellite communication (SATCOM) on-the-move (SOTM) networked command and control connectivity.


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Harris Corp. to acquire Exelis

Harris Corp. and Exelis, Inc. announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at $23.75 per share, or an approximately $4.75 billion enterprise value. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.


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