Westminster, Colo.-based Maxar announced in June its intent to exercise its call option to fully acquire Vrion as part of efforts to advance growth initiatives in 3D technology and Earth intelligence markets.
McLean, Va.-based Vricon provides satellite-based 3D data for intelligence and defense markets and software and other platforms designed to enhance Earth intelligence data, 3D mapping, precision-guided munitions and military simulation and training. The company was established by Maxar and Saab as a joint venture in 2015.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
