Following Vectrus Spinoff, Exelis Promises Focus On Growth

By Marjorie Censer / November 4, 2014 at 4:21 PM
In the three years since Exelis split from ITT, there have been plenty of changes, including a new name and logo. But the most significant change came in September, when Exelis spun off its mission systems unit into a new company called Vectrus. In a half-day meeting with investors Tuesday, Exelis executives said the company is now positioned for growth, particularly by expanding its international and commercial work. On Tuesday, Exelis also announced it would repurchase $350 million of the...

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