Exelis (NYSE:XLS) 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 – 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 (NYSE:LMT), Northrop Grumman (NYSE:NOC), and Raytheon (NYSE:RTN), and direct customers such as the Department of Defense and the FAA.

Rex Moore has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin, Northrop Grumman, and Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.