Exelis (UNKNOWN:XLS.DL) is a relatively new name in the defense and aerospace sector, having spun off from ITT (NYSE:ITT) a couple of years ago. It competes in the command, control, communications, computers, intelligence, surveillance, and reconnaissance space ā€“ 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, and the advantages of being a publicly traded company.

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