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August 2, 2022

SES acquires DRS Global Enterprise Solutions for $450m

DRS GES and SES GS will jointly develop advanced satellite network solutions for the US Government.

S ES and its subsidiary S ES ES Government S olutions” target=”_blank”>S Government S olutions (S ES GS ) have obtained regulatory approvals and closed the transaction to purchase DRS Global Enterprise S olutions (GES ). 

DRS GES was previously owned by Leonardo’s US subsidiary Leonardo DRS .

Valued at $450m, the acquisition will see the combination of DRS GES ‘ business with S ES GS .

The joint business is set to operate as S ES ES Government S olutions” target=”_blank”>S Government S olutions and expected to draw annual run-rate synergies worth $25m.

S ES GS president and CEO David Fields said: “The breadth of our capabilities, now spanning both connectivity and integration, allows for building, managing, and supporting the most advanced satellite networks solutions for our US Government customers.”

With a cross-functional workforce, the new organisation will be capable of integrating multi-orbit, geostationary, and medium earth orbit (MEO) services, and multi-operator network solutions.

The new business will focus on developing a scaled solutions provider to cater to the US Government’s multi-orbit satellite communications needs and support other land, sea, or air-based missions.

S ES GS will also provide flexible second-generation MEO services to its government customer base via S ES ’ O3b mPOWER system. 

The business will also use its expertise in cybersecurity operations, customer support, and governance to serve the various needs of its customers.

The S ES GS Proxy Board has appointed David Fields from DRS GES to head the combined business.

S ES GS Proxy Board chairman US AF (Retired) brigadier general Billy Bingham said: “I am extremely excited about the potential that this combination unleashes, reinforcing our commitment to provide best-in-class satellite network solutions to the US Department of Defense customers.

“We are delighted to welcome Fields, who comes to S ES GS with extensive knowledge and expertise in the satellite communications industry and a demonstrated record of achievement in the US Government sector.”

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