1. Exelis Company Overview

2. Copyright 2015, Exelis Inc. Exelis at a Glance > Top-tier global defense, aerospace and information solutions company > Large installed base of products & long-serving provider on key services programs > Ready-now, affordable technologies > Differentiated positions in sustainable markets – Critical Networks, ISR & Analytics, Electronic Warfare and Composite Aerostructures > Platform/system agnostic C4ISR provider 2 Strengths Information & Technical Services 56% C4ISR Electronics & Systems 44% 2014 Pro Forma Revenue: $3.3 billion

3. Copyright 2015, Exelis Inc. Strategic Priorities Developing solutions in the electromagnetic spectrum that enable mission success on land, in the air and at sea Developing and operating enterprise- level mission-critical network solutions for a wide range of civilian and government customers C4ISR Electronics & Systems (C4ISR) Electronic Warfare Critical Networks Agile design and production of high- performance, top-quality composite structures for civil and military aircraft Leveraging our heritage of night vision, networked communications & radar systems Aerostructures Collecting, processing, analyzing and disseminating geospatial data to enable high-confidence decisions for military, civil and commercial applications ISR & Analytics International & Commercial Information & Technical Services (I&TS) Legacy Businesses

4. Copyright 2015, Exelis Inc. Value Drivers Alignment with future customer needs > Mission-critical networking and information solutions > ISR and data analytics > Airborne and sea-based electronic warfare > Composite aerostructures Operating efficiency > Continuous cost optimization > Restructured operating model to increase agility > Rationalizing back office processes and systems International and commercial growth > Focused sales efforts on high-growth countries > Technical solutions that meet the needs of the U.S. and allied countries > Accelerated commercial growth via global aerostructures business Proven business model > Reliable supplier of mission-critical products, services and solutions > Product sustainment in large, installed base > Differentiated positions in key markets > Strong engineering and operations workforce 4

5. Copyright 2015, Exelis Inc. 2014 Customer Base 5 International, Civil Government & Commercial U.S. Military

6. Copyright 2015, Exelis Inc. Experienced Management Team and Board 6 David F. Melcher Chief Executive Officer & President Pam Drew Information Systems Chris Young Geospatial Systems Rich Sorelle Electronic Systems Business Leadership Team Vince Thomas Operations Peter Milligan Chief Financial Officer John Procopio Chief Human Resources Officer Ann Davidson Chief Legal Officer, Corp. Secretary David Albritton Chief Communications Officer Bob Durbin Strategy and Corporate Development Corporate Leadership Team Board of Directors C4ISR I&TS Mike Blair Aerostructures Nick Bobay Night Vision & Communications Solutions Ralph F. Hake - Chairman David F. Melcher Herman E. Bulls John J. Hamre, Ph.D. Paul J. Kern Patrick J. Moore Mark L. Reuss R. David Yost Billie L. Williamson James Wallace Chief Inclusion & Diversity Officer

7. Copyright 2015, Exelis Inc. Expanding Our Business in International Markets 7 Focused international business development in the Asia-Pacific region and Middle East International revenue accounted for 19% of total 2014 revenue 2014 international revenue grew 11% compared to 2013 Building international market positions through strategic acquisitions Europe 41% Middle East 25% Asia-Pacific 32% Americas 2% International Revenue by Region - 2014

8. Copyright 2015, Exelis Inc. Our Values 8

9. Copyright 2015, Exelis Inc. Signature Volunteer Service Program > Company-wide commitment to support military service members, veterans and their families. Mission > Engage the Exelis workforce in large-scale, team and individual volunteer opportunities. > Align the professional and personal skills of Exelis employees with skills-based volunteer opportunities. > Train Exelis employees to organize and lead local volunteer projects, creating service projects for employees, families, friends and community members. Impact in 2014 > 2,982 volunteers joined forces in 2014 to assist 148,863 veterans by completing 243 projects, for a total of 7,811 hours of service. 9 Corporate Responsibility: Exelis Action Corps

10. Copyright 2015, Exelis Inc. Agility and Ingenuity for the 21 st Century 10 Providing Customers With: Next-generation imaging that integrates space, airborne and ground sensors into broader, coordinated systems with advanced data analytics. Providing Customers With: End-to-end, full life-cycle provider of mission-critical network development and sustainment solutions. Information & Technical Services (I&TS) C4ISR Electronics & Systems (C4ISR) Geospatial Systems Information Systems Providing Customers With: Networked communications and night vision systems, test and support capabilities, and interference mitigation solutions. Providing Customers With: Precision composite manufacturing and assembly solutions for complex aerospace applications, including primary airframe and wing structures, and components for missiles, spacecraft and engines. Night Vision & Communications Solutions Aerostructures Providing Customers With: The ability to sense and deny multispectral threats to manned and unmanned aircraft, ships, submarines, ground vehicles and personnel. Electronic Systems

11. Copyright 2015, Exelis Inc. C4ISR Electronics and Systems Segment 11 Geospatial SystemsElectronic Systems Night Vision & Communications Solutions Composites > Design, fabrication and assembly of complex aerospace composite structures Aerostructures Geospatial Intelligence Solutions (GIS) Integrated Sensing Solutions (ISS) Environmental Intelligence (EI) Positioning, Navigation & Timing (PNT), Precision Structures, and Analytical Instrumentation > Geospatial intelligence enterprise > Geospatial intelligence services > Global situational awareness > Integrated real-time processing > Regional persistent surveillance > Universe exploration > Precision optics > Weather tracking > Weather data > Climate > PNT systems > Ion detectors > Power supplies > GPS interference detection & location > Space & ground-based composite solutions Night Vision International Night Vision & Communications Solutions Communications Solutions > International-ready solutions from Night Vision and Communications product lines > Export-ready communications solutions > Weapons release systems > Tactical communications and networking > SATCOM On The Move > Interference mitigation systems > Networked soldier systems > Image intensification sensors > Night vision goggles and tubes Integrated Electronic Warfare Systems Electronic Attack & Release Systems Specialty Applications Radar & Reconnaissance Systems > Air traffic control and 3D air defense radars for ground and shipboard applications > Electronic support measures, electronic intelligence and electronic countermeasures > Airborne multifunction apertures and sense & avoid radars > Rotary/fixed wing RF countermeasures > Advanced survivability with multi-spectral situational awareness > Shipboard countermeasures/decoys > RF electronic attack > Weapon carriage/release systems for tactical aircraft, littoral ASW and UAV systems > Space-qualified sensors and microelectronics > Commercial and military antenna solutions > Advanced wireless solutions leveraging satellite, local wireless and line-of-sight technologies > Ground/maritime electronic warfare systems > High-density classified packaging > Information assurance Undersea Systems > Anti-submarine sonar systems > Command management & tactical data link systems > Minesweeping systems > Acoustic transducer design, manufacture & testing > Piezoelectric ceramics for commercial and medical applications

12. Copyright 2015, Exelis Inc. Information Systems Information & Technical Services (I&TS) Segment 12 Intelligence & Cyber Solutions Command, Control, Communications Intelligence, Surveillance and Reconnaissance (C3ISR) Civil & Aerospace Systems > Enterprise communication system services > Sustain/modernize space and missile defense systems > Complete range and payload processing services > Enterprise ATM solutions > Aviation information systems > Satellite ground systems > Communication for launch and deep space missions > Internet Protocol (IP)-Based Voice Control and switching solutions > Air traffic queue management software > Network Infrastructure and data management > Cyber solutions > Spectrum management > Research and development services > Data sensors and data transport Mission Support Solutions > Information-enabled mission solutions > High-end engineering services > CBRNE > Unmanned systems > Strategic solutions

13. Copyright 2015, Exelis Inc. Electronic Systems Exelis develops and fields technology solutions to sense and deny multispectral threats to aircraft, ships, submarines and ground vehicles and personnel, enabling U.S. and allied warfighters to complete their missions safely and successfully. > Airborne/ground/shipboard electronic warfare and attack > Defense surveillance and mobile ATM radars > Acoustic and sonar systems > Surveillance and reconnaissance systems > Advanced wireless solutions > UAS sensing technologies > Airborne suspension and release systems > Mine defense > Antenna solutions 13

14. Copyright 2015, Exelis Inc. Geospatial Systems Exelis is the assured global partner for innovative, integrated geospatial solutions. Our offerings span from data collection to processing, analytics and dissemination, providing real-time actionable intelligence from remotely sensed data for military, civil and commercial applications. Our business areas include: > Environmental Intelligence > Integrated Sensing Systems > Positioning, Navigation and Timing > Geospatial Intelligence Solutions > Precision Optics > Precision Structures > Analytical Instrumentation 14

15. Copyright 2015, Exelis Inc. Information Systems 15 Engineering Crucial Connections Exelis provides end-to-end, full life-cycle, mission critical network solutions to government and commercial customers. Exelis Information Systems engineers crucial connections that underpin modern life. From emergency response and dispatch networks to the communications infrastructures that enable commercial air travel and exploration in space, we engineer and protect the networks that connect that world. > Information-enabled mission solutions > High-end engineering services > Air traffic management systems > Global aviation solutions > Satellite ground systems > Spectrum management > Complete range and payload processing systems > Internet protocol (IP)-based voice switching solutions

16. Copyright 2015, Exelis Inc. Aerostructures Exelis is a leader in aerospace composite design, fabrication and assembly of integrated complex structures for military and commercial applications where strength, reliability and efficiency are critical. > Exelis design and manufacturing expertise serves business aviation and commercial transports, military aircraft, commercial and military rotorcraft, and engines. > Our breadth of composite manufacturing capability includes automated material placement, braiding and filament winding, controlled volume molding, resin transfer molding and precision hand layup. > Products include primary/secondary structures and assemblies such as primary structural assemblies, airframes, wing skins, control surfaces, rotor blades, tanks, engine components and struts/rods. > Exelis also extends its composite expertise into advanced products for the oil and gas industry. > Key programs: Boeing 787, Lockheed Martin F-35, Sikorsky CH-53K, Lockheed Martin JASSM, Boeing 7-series tanks, Airbus A380 & A350, and GE Engines 16

17. Copyright 2015, Exelis Inc. Night Vision & Communications Solutions (NVCS) Ground or air-based operations, we deliver solutions that enable and protect our customers. We give them eyes in the dark and keep them connected through secure communications. > Night vision image intensification > Tactical communications systems > Ad hoc networking > Military GPS receivers > Position location information > Sensor fusion > Battlefield integration > Interference mitigation systems > SATCOM On The Move > Weapons suspension and release systems 17