AMERGINT Technologies Holdings has agreed to acquire the space-based precision optics business of Raytheon Technologies (NYSE: RTX) for an undisclosed sum.
AMERGINT said Monday the transaction is subject to regulatory approvals and other customary closing conditions.
The Danbury, Conn.-based space-based optics business is part of Raytheon Technologies’ Collins Aerospace subsidiary and provides precision electro-optical systems for defense and national security space missions. The unit is one of the two businesses United Technologies Corp. had to divest as a condition of an antitrust approval the Department of Justice issued for its merger with Raytheon.
AMERGINT CEO Larry Hill said the company is proud to combine the business’ electro-optical capabilities with next-generation platforms designed to capture, process, exploit and transport mission critical data.
Colorado Springs, Colo.-based AMERGINT provides software-defined technology systems built to manage the capture, processing and exploitation of mission data for communication and data links in support of intelligence, military and commercial clients. The company was founded by Sean Conway, Randy Culver and Mark McMillen in 2008.
