
SES S.A. on Tuesday said it has agreed to acquire the U.S. government satellite communications business of Leonard DRS for $450 million in a deal that will double the size of the Luxembourg-based company’s business with the federal government. The acquisition is expected to close in the second half of 2022 pending regulatory approvals. The DRS Global Enterprise Solutions (GES) business is expected to generate more than $250 million in sales. SES said deal will complement its multi-orbit satellite networking…