Exelis increases C4ISR earnings ahead of merger with Harris

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.

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