Panama City, Fla., Nov. 8, 2011 - ITT Exelis (NYSE: XLS) broke ground Tuesday on a new 105,000-square-foot facility. The Panama City business has grown significantly since it began in 2005, starting with five employees and employing nearly 100 people today.

 

“This new facility consolidates three locations into one and significantly improves our operation’s efficiency,” said Rich Sorelle, vice president and general manager of the Exelis Integrated Electronic Warfare Systems business area. “With the large size of our products, this new building will allow us to work on multiple systems under one roof to meet our customers’ growing needs.”

 

The Exelis mine defense business, within the company’s Electronic Systems division, designs, builds and services integrated mine sweeping systems for U.S. and allied navies. These systems rapidly detect and clear underwater mines to protect littoral waters.

 

Exelis will be the anchor tenant of the new VentureCrossings business park near the Northwest Florida Beaches International Airport. A ceremony, attended by Florida Gov. Rick Scott and numerous local officials, marked the occasion.

 

The ITT Exelis Electronic Systems division provides innovative integrated solutions for the global defense, intelligence, information assurance and commercial aerospace sectors. As a leader in electronic warfare and communications, Electronic Systems (ES) leverages its experience and innovation to ensure the success of customers’ critical missions. ES’ technology leadership extends into the areas of airborne electronic attack, networked and satellite communications, counter-improvised explosive devices, airspace management, surveillance systems, airborne and shipboard radar, acoustic sensors, advanced composite structures and electronic weapons interfaces.

 

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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 20,000 people and generated 2010 revenue of nearly $6 billion. www.exelisinc.com

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