All verified mentions of this organization in source documents.
The Global X-Band Blanket Purchase Agreement is the first integration services agreement awarded to SES Space & Defense since SES finalized its acquisition of DRS GES in August 2022.
The contract is the first major defense deal awarded to SES’s U.S. subsidiary since it acquired DRS Global Enterprise Solutions.
SES acquired U.S. government satellite communications provider Leonardo DRS in 2022.
Sales from Leonardo DRS Global Enterprise Solutions, a satcoms provider to the U.S. government that SES acquired last year, contributed to SES’s revenue increase.
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.
SES's 2023-01-01 revenue included contribution from DRS Global Enterprise Solutions and the effect of a stronger US dollar.
Leonardo DRS worked closely with NASA to move MUSIR from design to launch readiness in just under 16 months.
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’s uncooled focal plane array operates at room temperature and eliminates the need for cryogenic coolers in the MUSIR design.
Leonardo DRS provides advanced cooled and uncooled infrared camera systems to the U.S. government and allied countries.
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' 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 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.