Leonardo DRS is a defense solutions provider and technology innovator that operates in the space, air, sea, land, and cyber domains. Within the space industry, Leonardo DRS specializes in advanced electro-optical infrared sensors and technology solutions for a wide range of spacecraft and space missions. The company is a leading manufacturer of space electronic systems and partners with organizations like NASA, DARPA, and the U.S. military. Keywords associated with Leonardo DRS include advanced sensing, space mission systems, and electro-optical infrared sensors.
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SES reported total revenues for the quarter of 490,000,000 EUR, up 9.6% year-on-year, boosted by sales from Leonardo DRS Global Enterprise Solutions.
Leonardo DRS developed MUSIR to eliminate the need for large cryogenic coolers by using an uncooled focal plane array (FPA) tailored for space.
Leonardo DRS provides advanced cooled and uncooled infrared camera systems for the U.S. government and allied nations.
Leonardo DRS worked closely with NASA to move MUSIR from design to launch readiness in just under 16 months.
Leonardo DRS provides advanced cooled and uncooled infrared camera systems to the U.S. government and allied countries.
Leonardo DRS’s uncooled focal plane array operates at room temperature and eliminates the need for cryogenic coolers in the MUSIR design.
Leonardo DRS moved from MUSIR design to launch readiness in just under 16 months while working closely with NASA.
SES acquired DRS Global Enterprise Solutions (DRS GES) on 1 August 2022.
SES acquired Leonardo DRS Global Enterprise Solutions for $450,000,000 and rebranded the combined organization as SES Space & Defense to expand offerings for U.S. government customers.
SES acquired DRS Global Enterprise Solutions for $450,000,000.
SES acquired DRS Global Enterprise Solutions, a business unit of Leonardo DRS, for $450,000,000.
SES expects revenue contribution from the DRS GES acquisition of $85–90 million for the period 1 August 2022 to 31 December 2022.
SES’s leverage reached 4x following the DRS GES acquisition and growth investment, and SES expects leverage to reduce to around 3.5x by the end of 2022.
SES' networks unit revenue climbed 2.7% to €636 million for the first three quarters of 2022 compared with the same period in 2021 when adjusted for foreign exchange and excluding Leonardo DRS Global Enterprise Solutions.
SES acquired DRS GES on 1 August 2022.
SES' overall group revenue 2022-12-02.1% to €1.4 billion for the first three quarters of 2022 when adjusted for foreign exchange and excluding DRS GES.
SES acquired DRS Global Enterprise Solutions to strengthen its position in serving the US Government market.
SES GS acquired DRS Global Enterprise Solutions (GES) from Leonardo DRS for $450,000,000.
SES completed its acquisition of DRS Global Enterprise Solutions on 2022-08-01, in a deal that would double SES’s government business.
SES completed the $450,000,000 acquisition of DRS GES, expanding SES’s revenue base in the Government segment.