Research & Development
ITT Exelis conducts Research and Development (R&D) activities to continually enhance the company's existing products and services
and develop new products and services to meet the customers' changing needs and requirements and address new market opportunities.
During 2012, ITT Exelis expensed $67M on research and development efforts compared to $99M in 2011, $119M in 2010 and $142M in 2009.
These expenditures principally have been for product development for the U.S. Government. In addition, Exelis also conducts
funded research and development activities under U.S. government contracts which are included in total revenues.
The decrease in R&D expenses of $32M or 32.3% in 2012 as compared to 2011 primarily reflects the completion of certain R&D projects
for integrated electronic warfare systems, other communication technologies and night vision technologies primarily
within the C4ISR Electronics and Systems segment.
The decrease in R&D expenses of approximately $20M or 16.8% in 2011, primarily reflects
the completion of certain R&D projects for integrated electronic warfare systems and other communication technologies primarily
within the C4ISR Electronics and Systems segment.
