Exelis Bags Contract Of Up To $988 Mln From US Army

(RTTNews) - Exelis Inc.(XLS) Thursday said it clinched a contract having a potential value of up to $988 million, from the U.S. Army Contracting Command, to provide radio appliqués capable of running the Army Soldier Radio Waveform or SRW. At the discretion of the Army, the contract can have a five-year option, the company said in a statement.

Commenting on the transaction, Exelis' President for Night Vision and Communications said : "The SRW Appliqué will provide the U.S. Army with a cost effective means to add a robust waveform for battlefield communications."