Leonardo DRS completes $450M sale of Global Enterprise Solutions business to SES

Leonardo DRS, Inc.

Sale closed on August 1, 2022 for $450 million cash, subject to purchase price adjustments.
Buyer is SES Government Solutions, Inc., a wholly-owned subsidiary of SES S.A.
Transaction was previously announced on March 21, 2022; required all regulatory approvals.
Leonardo DRS sold its Global Enterprise Solutions (GES) business as part of the deal.

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