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Exelis board approves $0.1033 per share dividend for the fourth quarter of 2012

MCLEAN, Va.--(BUSINESS WIRE)-- The Board of Directors for ITT Exelis (NYSE: XLS) has declared a cash dividend of $0.1033 per share for the fourth quarter of 2012. The dividend will be payable on January 1, 2013 to shareholders of record on November 16, 2012.

About ITT Exelis

Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelisinc.com

ITT Exelis
Investors
Katy Herr, 703-790-6376
Katy.Herr@exelisinc.com
or
Media
B.J. Talley, 703-790-6349
William.Talley@exelisinc.com

Source: ITT Exelis