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Exelis, Harris sign acquisition agreement

Exelis, Harris sign acquisition agreement

Melbourne, Florida-based Harris Corp. and information technology company and defense contractor rival Exelis Inc. have signed an acquisition agreement last week. The sale will amount to about $4.75 billion when complete, probably mid-year, said B.J. Talley, Exelis director of corporate communications. Together, Exelis and Harris generated a combined $8 billion in revenue last year. The Exelis Mission… Continue Reading Exelis, Harris sign acquisition agreement

Vectrus: Instant major player

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Vectrus: Instant major player

There’s a new defense contractor in town — one with history in Colorado Springs and potential to be the region’s most-profitable publicly traded company. Virginia-based defense contractor Exelis Inc. officially completed the spinoff of its Mission Systems government services division at midnight Friday, Sept. 26, creating Vectrus Inc. President and CEO Kenneth Hunzeker estimates that… Continue Reading Vectrus: Instant major player

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Symposium offers forum for export policies

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Symposium offers forum for export policies

In the first public discussion of new federal satellite export policies, industry experts and government officials expressed optimism about the long-awaited reforms and their potential impact on the space-based economy. The Satellite Export Controls Workshop took place Monday afternoon at The Broadmoor during the 30th annual Space Symposium, addressing the revised rules of the 1999… Continue Reading Symposium offers forum for export policies

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Defense contractor Exelis Inc. announced Tuesday the name of the company that will be created by the spinning off of its Colorado Springs-based Mission Systems division. The new company will be named Vectrus, according to an Exelis news release. “Vectrus is a blended name derived from the words Vector and Trust,” the release stated. “Vector… Continue Reading Exelis names Springs-based spin-off company Vectrus

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Exelis spin-off to create Springs-based Mission Services

Defense contractor Exelis Inc. announced last week that it will spin off a segment of its IT Services division to create a Springs-based Mission Services company. The independence of Exelis Mission Systems — currently a part of the company’s Information and Technical Services division located in Colorado Springs — is expected to be complete by… Continue Reading Exelis spin-off to create Springs-based Mission Services

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