Exelis (NYSE: XLS) is a relatively new name in the defense and aerospace sector, having spun off from ITT (ITT +0.48%) a couple of years ago. It competes in the Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance space – or C4ISR for all you acronym lovers.
Our roving reporter Rex Moore was at last month's Air & Space Conference near Washington, D.C., and spoke with Bob Edmonds about Exelis' business. In this video, Bob explains Exelis' partnerships with Lockheed Martin (LMT 0.51%), Northrop Grumman (NOC 0.03%), and Raytheon (RTN +0.00%), and direct customers such as the Department of Defense and the FAA.
