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Exelis increases C4ISR earnings ahead of merger with Harris
Charles Forrester, London - IHS Jane's Defence Weekly
06 May 2015
US aerospace and defence electronics systems manufacturer Exelis revealed on 6 May that its C4ISR Electronics and Systems sector had increased operating income 85% year-on-year to USD74 million in the first quarter of financial year 2015 (1Q15).
A favourable sales mix for the unit was responsible for the result, which came as revenues increased 6% to USD508 million due to demand for environmental sensing satellite payloads and international electronic warfare programmes.
The company's Information and Technical Services division reported a 3% increase in revenues to USD277 million, due to contracts in the commercial aerospace sector. Operating income also increased 3% to USD30 million.
In 2017 France and Germany announced their intention to develop a sixth-generation combat aircraft to replace the Typhoon, Tornado, and Rafale aircraft that are currently in service. BAE Systems, Leonardo, and Saab almost instantly expressed interest in participating in the multi-billion-Euro programme, which is expected to be led by Airbus and France’s Dassault Aviation. Mark Bobbi reports
