ITT Exelis buys Space Computer Corp.

July 3, 2012 at 1:18 PM
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MCLEAN, Va., July 3 (UPI) -- ITT Exelis reports it has expanded its portfolio of hyper-spectral sensor capabilities through the acquisition of Space Computer Corp. of California.

Space Computer Corp. is a privately owned concern that provides real-time signal processing systems, software and algorithms used for hyper-spectral data systems.

Financial and other terms of the acquisition, which has now been completed, were not disclosed. Space Computer Corp., however, had more than $14 million in revenues last year and counts U.S. Defense Department and NASA research laboratories among its clients.

"Space Computer Corp.'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."

Hyper-spectral sensors, featured on many satellites, manned aircraft and unmanned aerial vehicles, detect and pinpoint hidden or obscured targets. The sensors then cue other sensors for additional verification of the object and then download the data to analysts in real time.

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