Exelis Board Approves $0.1033 Per Share Dividend for the First Quarter of 2014

The Board of Directors for Exelis (NYSE: XLS) has declared a cash dividend of $0.1033 per share for the first quarter of 2014. The dividend will be payable on April 1, 2014 to shareholders of record on March 14, 2014.

The Board of Directors also set the date for the company's 2014 annual shareholders meeting, which will take place at 8 a.m. EDT on Wednesday, May 7, 2014. All shareholders of record as of March 14, 2014 are invited to attend and details of the annual meeting will be included in the proxy statement, which will be available to shareholders in late March.

About Exelis

Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. We are a leader in timing and navigation, sensors, air traffic solutions, image processing and distribution, communications and information systems, logistics and technical services; and we are focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures. Headquartered in McLean, Va., Exelis employs about 19,000 people and generated 2012 sales of $5.5 billion. For more information, visit our website at www.exelisinc.com or connect with us on Facebook, Twitter and YouTube.

Investors Contact:
Katy Herr
703-790-6376
katy.herr@exelisinc.com

Media Contact:
B.J. Talley
703-790-6349
william.talley@exelisinc.com

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