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ITT Exelis Acquires Signal Processing Firm Space Computing Corp.

Wednesday, July 11th, 2012

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ITT Exelis [XLS] said recently that it has acquired a small company that produces real-time signal processing systems software and algorithms for exploiting hyperspectral data. Terms of the deal for Space Computer Corp. were not disclosed. Space Computer had $14.1 million in sales last year and has 37 employees. “Space Computer Corp.’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,”…

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