Exelis (XLS) makes command and control systems. The Information and Technical Services segment of the company provides systems used in cyber warfare, intelligence network design, space launch programs and other engineering, and logistics solutions to U.S. government agencies.
The company has been winning some large contracts form the government lately, including deals to upgrade systems on the Harrier jets, providing the Navy with minesweeping gear and weather satellites. The company is spinning off its mission systems business to concentrate on high growth areas like critical networks, intelligence, surveillance and analytics, electronic warfare and aerostructures.
Portfolio Grader has taken notice of the continued improvement in the company’s fundamentals and upgraded the shares to a “strong buy” last month. XLS remains an “A” at the current price.