Maxar Technologies (NYSE: MAXR) announced Wednesday that it has wrapped up its acquisition of Vricon , a 3D data and analytics company, for approximately $140M.
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.
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The notice states Boeing has repeatedly declined to sell the government the data rights needed to compete the work.
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The award covers research, prototype development, and test and evaluation for electromagnetic spectrum operations across DOW.
Brooks Consulting's Chuck Brooks, a GovCon Expert, examines the federal push to migrate to post-quantum cryptography before Q-Day.
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