David Melcher, CEO of Exelis, has said the company applied previous spinoff experience in order to carry out the separation of its mission systems business in just nine months, the Washington Business Journal reported Monday.
Melcher told WBJ reporter Jill Aitoro in a recent interview he expects the shareholder base of government services spinoff company Vectrus to stabilize over the course of a year.
He believes Exelis will improve its performance in the current defense budget environment by focusing on its core offerings.
The company has made investments within its aerostructures business, which Melcher says accounts for almost 6 percent of the firm’s commercial segment.
We“™ve invested in that internally, moved them into a bigger plant, and they“™ve won some big contracts,” he added, according to Aitoro’s article.
“They“™re on a double-digit growth trajectory. It“™s solid “” they“™ve got the orders and backlog.”
He noted the company’s two recent acquisitions are intended to complement its aircraft management and data solutions portfolio and the company is currently working on a few acquisition prospects.
Exelis also plans to implement an enterprise resource planning system with the goal of improving back-office efficiency, according to Melcher.