Rich Sorelle: Exelis Seeks C4ISR, Analytics Portfolio Growth With Celestech Buy

RichSorelle
Rich Sorelle

Exelis (NYSE: XLS) has acquired technology development and engineering services firm Celestech in a move to grow Exelis’ portfolio of C4ISR and data analytics offerings.

Financial terms of the deal were not disclosed and Exelis does not expect the transaction to have a material impact on its second quarter 2014 results, Exelis said Thursday.

Celestech builds signal processing systems for satellite and terrestrial wireless communications usage in the government and business sectors, according to Exelis.

Rich Sorelle, Exelis corporate vice president and president of its electronic systems unit, said the company aims to address defense customers’ information sharing requirements through the acquisition.

“Leveraging Celestech’s capabilities will help us respond to our customers’ increasing needs for greater data throughput and adaptability while strengthening our strategic growth platforms, ” Sorelle added.

Tell Gates, CEO of Celestech, said the company will join the Exelis electronics business and work to deliver technology products for military customers to access and exchange intelligence.

Celestech has business locations in Phoeniz, Ariz. and Chantilly, Va.

You may also be interested in...

Gil Dussek CEO Gunnison Consulting Group

Gunnison Buys Federal IT Service Management Firm G2SF; Gil Dussek Quoted

Gunnison Consulting Group has acquired Global Solutions & Services Frameworks for an undisclosed sum to expand its information technology service management, mobile computing and cybersecurity capabilities in the federal government services market. “This deal aligns with our modernization strategy and we remain focused on improving critical government programs, while driving long-term innovation to meet evolving customer demands," said Gunnison CEO Gil Dussek.

Telos

Cybersecurity Firm Telos Launches IPO

Telos (Nasdaq: TLS) targeted to raise approximately $254M from the Ashburn, Virginia-based cybersecurity company's initial public offering Thursday, offering 15M shares of common stock with pricing at $17 each.