RESTON, Va., March 22, 2022 (Leonardo DRS PR) — Leonardo DRS Inc., announced today it has signed a definitive agreement to sell its Global Enterprise Solutions (GES) business to SES for $450 million. The transaction has been approved by the boards of directors of Leonardo and of SES. Finalization of the deal is targeted for the second half of 2022 subject to regulatory approvals.

“The DRS GES business is well-respected by its customers and within the satellite communications (SATCOM) provider services market, and we are very pleased with the agreement reached with SES,” said Bill Lynn, CEO of Leonardo DRS. “While the DRS GES business has flourished, Leonardo DRS has shifted its portfolio focus, and selling it now makes the most business sense,” he said.

LONDON (OneWeb PR) – OneWeb, the low Earth orbit (LEO) satellite communications company, and Leonardo DRS, a leading innovator in communications, defense, and security, announced today a new partnership to jointly offer LEO service for the U.S. Department of Defense (DoD).

Supported by a global network of gateways and user terminals, OneWeb’s global connectivity platform will provide high-bandwidth and low-latency connectivity to expand Leonardo DRS’ state-of-the-art information and technology solution systems, products and technologies to support military and government markets. The partnership will enable expanded connectivity to offer versatile, agile, and capable U.S. government mission support throughout the United States and overseas.