Exelis Completes Satellite Sensor Firm Buy; S. Danny Rajan Comments

ITT Exelis (NYSE: XLS) has acquired Space Computer Corp., a privately-owned producer of signal processing systems, software and algorithms.

Exelis said it will integrate Space Computer into its geospatial systems unit.

Space Computer helps the military and intelligence communities with data processing and many of Exelis’ customers also focus on that area, said S. Danny Rajan, a director of emerging offerings at Exelis.

Rajan added the acquisition aligns with Exelis’ business strategy to grow its data processing, exploitation and dissemination solutions portfolio and to help customers use data in decision-making.

Space Computer, founded in 1987, works with NASA, the Defense Department, other government entities and commercial and industrial firms.

According to Exelis, Space Computer posted revenues of $14.1 million in fiscal year 2011 and employs about 37 people in Los Angeles.

The company produces hyperspectral sensors, which are designed to detect and locate hidden or obscured targets, cue other sensors for further verification and to transmit real-time data to analysts.

Many satellites, manned aircraft and unmanned aircraft have the sensors and the company has made technology for nearly every U.S. military hyperspectral sensor produced since 1996, Exelis said.

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