Exelis ranked No. 1 in category

MCLEAN, Va. -- Exelis was ranked No. 1 in Aviation Week's 2014 Top-Performing Company study in the $1 billion to $5 billion revenue category. The annual study examines more than 50 aerospace and defense companies. It analyzes the operational performance and business strategy execution of the publicly-traded companies among other factors. Exelis is a diversified global aerospace, defense, information and services company. It employes about 17,000 people and generated 2013 sales of $4.8 billion. (Source: Business Wire, 05/12/14) Gulf Coast note: Exelis has an operation in Panama City, Fla., that develops and produces mine defense systems.