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Leonardo DRS to sell satellite business for $450M
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, has agreed to sell its satellite communications business to SES for $450 million, according to a news release. The deal is expected to close in the second half of 2022 subject to regulatory approval. “The DRS GES [Global Enterprise Solutions] business is well-respected […]
Arlington defense contractor wins $105M Army contract
Arlington-based defense contractor Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, has won a $105 million U.S. Army mission command computing systems delivery order contract, it announced Wednesday. The military defense company will complete the delivery order for the Mounted Family of Computer Systems II. The MFCoS II is a family of […]
Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […[...]
