HERNDON, Va., May 23, 2012– The U.S. Small Business Administration (SBA) has selected ITT Exelis (NYSE: XLS) Information Systems division to receive the Dwight D. Eisenhower Award for Excellence in the research and development category. The award recognizes large prime contractors that have excelled in their use of small businesses as suppliers and subcontractors.
“Over the past 10 years, the Exelis Information Systems team has consistently demonstrated a commitment to support small business subcontracting and mentoring,” said Dan Hannaher, SBA Region VIII Administrator. “Exelis represents how corporate America can effectively partner with small business to match their customer’s demands with quality products and services.”
Exelis Information Systems President Mike Wilson accepted the award from SBA Administrator Karen Mills at a National Small Business Week ceremony on May 22, 2012, in Washington, D.C. National Small Business Week recognizes outstanding small business owners and advocates for their achievements and contributions to the nation’s economic and social vitality.
“At Exelis, we know from experience that working with small businesses brings our customers innovative and affordable solutions,” said Wilson. “We are committed to our small business partnerships, depend on those partners to help Exelis satisfy our customers’ needs, and we are proud to support this vital engine of economic growth.”
Among thousands of large firms who sub-contract with small businesses, only a small percentage are recognized during Small Business Week. Since 2009, the SBA and the Defense Contract Management Agency have recognized the Exelis small business subcontracting program with the highest possible rating of “Outstanding.”
About ITT Exelis
ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelisinc.com