ITT Exelis Acquires Space Computer Corp.
McLean, Va., July 2, 2012—ITT Exelis (NYSE: XLS) has completed the acquisition of Space Computer Corporation, a privately-owned firm that produces real time signal processing systems, software and algorithms for the full exploitation of hyperspectral sensor data. In 2011, the company posted revenues of $14.1 million and currently employs about 37 people at its Los Angeles, Calif., facility.
Hyperspectral sensors are installed on a large number of satellites, manned aircraft and unmanned aerial vehicles and are employed to detect and locate hidden or obscured targets, to cue other sensors for further verification, and to downlink data in real time to analysts and other end users. Space Computer, which will become a part of Exelis Geospatial Systems, has provided technology for nearly every U.S.military hyperspectral sensor produced since 1996.
“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,” said S. Danny Rajan, director of emerging offerings, 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.”
Founded in 1987, Space Computer Corporation specializes in solving information-processing problems associated with advanced sensor systems, specifically hyper-spectral sensors. The company’s customers include many research laboratories and agencies within the U.S. Department of Defense, NASA, other government organizations, as well commercial and industrial firms.
About ITT Exelis
ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelisinc.com