ITT Exelis completes acquisition of Space Computer Corp.
- July 6, 2012
McLean-based ITT Exelis has completed the acquisition of privately-owned Space Computer Corp.
Los Angeles-based Space Computer produces real-time signal processing systems, software and algorithms for hyper-spectral sensors.
Last year, the company posted revenues of $14.1 million and currently employs about 37 people at its Los Angeles facility.
Hyper-spectral sensors are installed on many satellites, manned aircraft and unmanned aerial vehicles.
They are used 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, founded in 1987, will become a part of Exelis Geospatial Systems.
The company has provided technology for nearly every U.S. military hyper-spectral sensor produced since 1996.
ITT Exelis is a diversified, global aerospace, defense and information solutions company. The company employs about 20,500 people and generated 2011 sales of $5.8 billion.