by Richard Tomkins
Mclean, Va. (UPI) Jun 12, 2013
Exelis announced Thursday it has completed acquisition of technology company Celestech, enhancing its portfolio of data-sharing capabilities.
"The Celestech acquisition enhances our ability to provide fighting forces with freedom of action through secure, seamless data sharing," said Rich Sorelle, Exelis corporate vice president and president of the Exelis Electronic Systems division.
"Leveraging Celestech's capabilities will help us respond to our customers' increasing needs for greater data throughput and adaptability while strengthening our strategic growth platforms."
Celestech develops tailored technical solutions for government and commercial customers, with specific expertise in advanced signal processing and communications systems. It also provides engineering services and product development for satellite and terrestrial wireless solutions.
Exelis said the company's acquisition will support Exelis' intelligence, surveillance, reconnaissance and analytics strategic growth platform.
The financial terms of the transaction were not disclosed. Exelis said the takeover "does not materially" impact its second-quarter 2014 financial results.
Celestech now becomes part of Exelis' Electronic Systems division.
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