Exelis to Offer Carriage, Release Systems for Lockheed's F-35 Lightning II Aircraft

Exelis (NYSE: XLS ) has successfully negotiated an agreement with Lockheed Martin Corp. (NYSE: LMT ) to deliver carriage and release systems for the F-35 Lightning II. The combined value of the two low-rate initial production (LRIP) awards is approximately $60 million. Already a supplier of carriage and release systems for the