SEC Form 10 Registration Statement Filed For Exelis' Planned Mission Systems Business

Exelis announced today that a registration statement on Form 10 was filed with the US Securities and Exchange Commission (SEC) for the planned spinoff of its current Mission Systems business.

The form filling has named "Exelis MSCO Inc."; however, Exelis plans to announce the name in the coming weeks.

Exelis previously announced in December 2013 that its Board of Directors had approved a plan to spin off its military and government services business, currently called known as Mission Systems, into an independent public company. Upon successful execution of the spinoff, Exelis will focus on providing highly engineered C4ISR and information solutions, particularly in the areas of critical networks, ISR& analytics, electronic warfare and composite aerostructures. The newly formed company will become a pure-play provider of infrastructure asset management, logistics and supply chain management, and information technology and network communication services to the U.S. government worldwide.