Exelis to spin off military and government services company
Exelis plans to spin off its military and government services business, currently called Exelis Mission Systems, into an independent public company. This business is currently part of the company’s Information and Technical Services segment. “We are repositioning our businesses to enhance our focus on the long-term growth drivers that will enable us to remain well-positioned in an evolving global market environment,” said David F. Melcher, Chief Executive Officer and President of Exelis.
Following completion of the spin off, Exelis will retain a portfolio of mission critical, affordable and platform agnostic products and services for managing global threats, conflicts and complexities. The business will focus future investments on strengthening its four strategic growth platforms of Critical Networks; intelligence, surveillance and reconnaissance and analytics; electronic warfare; and aero-structures. These growth platforms, which have been strategically aligned with future customer requirements, are supported by the company’s most differentiated and enduring C4ISR capabilities such as global intelligence, surveillance and reconnaissance systems, networked communications, integrated electronic warfare, and engineering and professional services.
Following completion of the spin off, Exelis Mission Systems will be renamed and rebranded as a new, independent company that provides industry-leading facilities management, logistics and network communications services. As a pure-play services provider, the new company will capitalise on more than 50 years of experience delivering service solutions to a wide range of customers. 4,070 square metres). The reconstructed building meets the strictest seismic criteria required by the new seismic regulations.
The production areas were designed according to Lean Design criteria with the goal of obtaining continuous, optimised work flows with a high degree of reconfigurability in order to meet requirements related to changes in production volume and technology.