Exelis gets USD32m award to supply surveillance radars to US Coast Guard.
M2 EQUITYBITES-January 23, 2014-Exelis gets USD32m award to supply surveillance radars to US Coast Guard
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23 January 2014
Exelis (NYSE: XLS) said it has received a USD32m, five-year IDIQ (indefinite-delivery, indefinite-quantity) award to supply airborne surveillance radars, spares, support equipment and technical services to the US Coast Guard.
Integrated on the US Coast Guard's HC-130J Super Hercules long-range surveillance aircraft, the AN/APY-11 multimode radar is designed to support the service's maritime reconnaissance mission, which includes long-range surveillance, search and rescue, drug interdiction, counterterrorism and maritime environmental support. The radar's multifunctionality will augment the US Coast Guard's situational awareness and ability to conduct missions successfully.
For Exelis, the award further strengthens the company's position in the growing field of intelligence, surveillance, reconnaissance and analytics amid evolving operational requirements and increasing global demand for adaptable, cost-effective solutions.
Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. Its website is at www.exelisinc.com or
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 23, 2014|
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