ITT Exelis (XLS) Completes Acquisition of Space Computer Corp.

ITT Exelis (NYSE: XLS) has completed the acquisition of Space Computer Corporation, a privately-owned firm that produces real time signal processing systems, software and algorithms for the full exploitation of hyperspectral sensor data. In 2011, the company posted revenues of $14.1 million and currently employs about 37 people at its Los Angeles, Calif., facility.

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