US defence engineering firm ITT Exelis has acquired Los Angeles-based imagery specialist Space Computer Corporation for an undisclosed sum.
Space Computer manufactures hyperspectral sensors that are utilised by satellites, as well as manned and unmanned…
US defence engineering firm ITT Exelis has acquired Los Angeles-based imagery specialist Space Computer Corporation for an undisclosed sum.
Space Computer manufactures hyperspectral sensors that are utilised by satellites, as well as manned and unmanned aircraft. The company posted US$14.1m in revenue for 2011 and employs around 37 people.
ITT Exelis said Space Computer will join the group’s existing geospatial systems unit, enabling it to fully exploit hyperspectral sensor data, which is used by the military to detect obscure targets.
“Space Computer Corporation’s solutions address the challenge of data processing, an area of concern for a wide variety of our existing customers, as well as the military and intelligence communities overall,” explained Danny Rajan, director of emerging offerings at Exelis Geospatial Systems.
“This acquisition aligns well with both our business strategy to be the leading provider of data processing, exploitation and dissemination solutions and with our desire to grow our technical capability in helping customers collect critical data and expediently process it to support decision-making.”
Space Computer claims to have provided technology for almost every US military hyperspectral sensor produced since 1996. As well as government bodies such as the Department of Defense and NASA, Space Computer said its customers also include commercial and industrial firms.
ITT Exelis reported revenue of US$5.8bn in 2011, and currently employs around 20,500 people worldwide.
The company began trading on the New York Stock Exchange on 31 October 2011, after it was spun off the ITT group as a separate business. In late 2011, ITT Exelis was subject to takeover rumours, with reports at the time claiming that manufacturing giants Raytheon and BAE Systems had been eyeing up the group.
ITT Exelis and Space Computer were unable to comment before the press deadline.
