WASHINGTON — ITT Exelis of McLean Va., has acquired Space Computer Corp., a privately held company specializing in hyperspectral data processing, Exelis announced in a July 2 press release.
Space Computer Corp., which reported $14.1 million in sales last year, will become part of Exelis Geospatial Systems, which has a long history of involvement in hyperspectral imaging systems, the press release said. Founded in 1987 and based in Los Angeles, Space Computer Corp. has 37 employees.
Hyperspectral sensors break reflected light into hundreds of spectral bands, revealing details about the properties of imaged surfaces and objects that often escape detection by conventional optical sensors. Hyperspectral sensors are used today on a variety of spacecraft and aircraft.
Space Computer Corp. supplies software, algorithms and related systems necessary to process hyperspectral data in near-real time, Exelis said. Its customers include NASA, the U.S. Defense Department, national laboratories, other government agencies and private companies.
Financial terms of the transaction were not immediately disclosed.
“Space Computer Corporation’s solutions address the challenge of data processing, an area of concern for a wide variety of our existing customers, as well as the military and intelligence communities overall,” S. Danny Rajan, director of emerging offerings at Exelis Geospatial Systems, said in a prepared statement. “This acquisition aligns well with both our business strategy to be the leading provider of data processing, exploitation and dissemination solutions and with our desire to grow our technical capability in helping customers collect critical data and expediently process it to support decision-making.”
