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Business/Financial

SES To Acquire Government Satellite Communications Business Of Leonard DRS

By Cal Biesecker

Tuesday, March 22nd, 2022

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SES To Acquire Government Satellite Communications Business Of Leonard DRS

Leonardo DRS says its Global Enterprise Solutions business has supported end-to-end SATCOM solutions for maritime, airborne and ground-mobile operations for over 20 years. Photo: Leonard DRS

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…

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