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SES

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Apr 30, 2024

Intelsat to be acquired by SES for $3.1B

McLean-based satellite services provider Intelsat announced Tuesday that it has made a deal to be acquired by SES, a Luxembourg-based competitor, for $3.1 billion in cash.  The deal is expected to close during the second half of 2025, depending on regulatory clearances and other factors, according to a news release.  Intelsat CEO David Wajsgras will […]

Jun 22, 2023

Intelsat-SES merger talks called off

Merger talks between McLean-based satellite operator Intelsat and Luxembourg-based competitor SES S.A. have been called off, SES said in a post on its website Thursday. The merger was anticipated to have created a $10 billion global business. SES confirmed March 29 that the companies had “engaged in discussions” about combining, but said at the time, […]

Aug 8, 2022

SES completes $450M purchase of Leonardo DRS satellite biz

Reston-based satellite telecommunications company SES Government Solutions has completed its $450 million acquisition of Arlington-based Leonardo DRS Inc.’s Global Enterprise Solutions satellite communications subsidiary following receiving regulatory approval. SES Government Solutions, a subsidiary of the Luxembourg-based satellite telecommunications network company, announced the deal̵[...]

Mar 22, 2022

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 […]

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