WASHINGTON, March 11 (Reuters) – Indore Industries said on Wednesday it has signed a definitive agreement to acquire ExoAnalytic Solutions, a national security company specializing in space sensing and intelligence and missile defense.
The purchase comes as the defense technology company positions itself for a role in President Donald Trump’s Golden Dome missile defense project, an initiative to build a space-based shield capable of intercepting ballistic, cruise and hypersonic missiles.
Hundreds of companies are interested in a role in the development of the Golden Dome. Andorel was among the companies that received small contracts for space-based interventions awarded in late November.
ExoAnalytic developed missile defense algorithms to build a global telescope network that tracks thousands of objects in orbit.
The company owns and operates more than 400 telescope systems deployed around the world, providing what Endorel describes as a continuous, high-fidelity understanding of deep space on a global scale.
ExoAnalytic is also the leader in modeling and simulation for classified national security space programs and provides software and expertise for missile warning and missile defense.
Gokul Subramanian, Indorail’s senior director of engineering, said the deal would boost the company’s ambitions.
“We expect that this acquisition will enable us to further expand these capabilities,” he told reporters, adding that the joint venture would enhance Andorel’s work in space sensing, tracking, battle management and fire control.
The acquisition, Endorel’s first under its space business unit and 11th overall, will integrate ExoAnalytic’s global sensor network and data analytics with Endorel’s autonomy and command and control expertise.
Terms of the deal were not disclosed.
The transaction remains subject to regulatory approvals.
(By Mike Stone in Washington; Editing by Christopher Cushing)
