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Exelis Wins $126 Million Navy Electronic Warfare Contract

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Defense contractor Exelis (NYSE: XLS  ) landed a sizable Pentagon contract Thursday. The award, for $125.7 million, came in the form of an option-exercise extending a previously awarded firm-fixed-price production contract to supply the U.S. Navy with 62 AN/ALQ-214(V)4 On-Board Jammer Systems as part of Full Rate Production Lot 10.

Exelis describes the ALQ-214 as a "next generation integrated countermeasures system" installed in U.S. Navy F/A-18 carrier-based aircraft, and also in F/A-18s operated by the Royal Australian Air Force. The system uses receivers and active countermeasures to form an "electronic shield" protecting the F/A-18 from hostile fire, and attempting to confuse also hostile radar signals to defeat detection.

Exelis will be delivering the instant order of jamming systems for installation aboard U.S. Navy F/A-18s. A November 2015 delivery date is anticipated. 


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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5/29/2015 4:05 PM
XLS $0.00 Down +0.00 +0.00%
Exelis Inc. CAPS Rating: *****