Maxar Closes Vricon Purchase

Maxar Closes Vricon Purchase
Maxar

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.

You may also be interested in...

research and development

$105M DOE R&D Funding Opportunity Opens for Small Businesses

The Department of Energy plans to award $105M in total research and development grants for the second phase of its fiscal 2021 Small Business Innovation Research and Small Business Technology Transfer initiatives.

Kevin Kelly advisory board member Enlightenment Capital

Former CACI Exec Kevin Kelly Joins Enlightenment Capital Advisory Board

Kevin Kelly, former president of the national security and innovative solutions sector at CACI International (NYSE: CACI), has been named an advisory board member at investment firm Enlightenment Capital. He brings more than 25 years of government services industry experience to the board and will support Enlightenment's portfolio companies in national security business growth efforts, the company said Monday.