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
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