SES CEO: Leonardo DRS buy, new sats all about growing US government business
SATELLITE 2022: European satellite firm SES has been growing its government portfolio for the past five years, and sees no end in sight for the upward trend in demand — a market analysis that lies behind its decision to acquire the satellite communications arm of Leonardo DRS, says SES CEO Steve Collar. That $450 million acquisition, announced March 22, will double revenue for the company’s US subsidiary SES Government Solutions (SES-GS) — going from about $250 million to $500 million per year, he told Breaking Defense today. That is on top of the 30 percent growth in SES’s gov...
Source: breakingdefense.com