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[February 01, 2013]
ITT Exelis buys C4i Pty
Feb 01, 2013 (TELECOMWORLDWIRE via COMTEX) -- ITT Exelis (NYSE: XLS) said it has completed its acquisition of C4i Pty. Ltd. from the Longreach Group Ltd. (ASX: LRG) for an enterprise value of approximately 16.8 million.
C4i, based in Melbourne, Australia, provides advanced communications software that supports mission critical communications for a range of applications including air traffic management, defense, public safety, mining and homeland security. The acquisition does not materially impact Exelis financial results for the full-year of 2012 or the first quarter of 2013.
C4i's Internet Protocol -based voice control and switching capabilities provide flexible communications connectivity for dispersed operations personnel. This capability ensures that diverse organizations can effectively communicate in real-time to achieve vital mission needs through the flexible inter-networking of disparate telephony and radio systems.
ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. The company's website is at www.exelisinc.com Comments on this story may be sent to email@example.com
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