On the Record · Leonardo DRS
Leonardo DRS acquisitions, on the record
The businesses Leonardo DRS bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
RADA Electronic Industries Ltd.Word for word“On November 28, 2022 the merger was completed and RADA became a wholly-owned subsidiary of Leonardo DRS.” 10-K for 2023 | merger | November 28, 2022 | — |
GES businessWord for word“On March 21, 2022, the Company entered into a definitive agreement to sell its GES business to SES Government Solutions, Inc., a wholly-owned subsidiary of SES S.A., for $450 million subject to certain working capital adjustments.” 10-K for 2023 | agreed divestiture | March 21, 2022 | $450 million |
Advanced Acoustic Concepts LLC (AAC)Word for word“On April 19, 2022, we entered into a definitive sales agreement to divest our share of our equity investment in AAC for $56 million to Thales Defense & Security, Inc., the minority partner in this joint venture.” 10-K for 2023 | agreed divestiture | April 19, 2022 | $56 million |
Global Enterprise Solutions (GES) business, sold to SES Government Solutions, Inc.Word for word“On March 21, 2022, the Company entered into a definitive agreement to sell its GES business to SES Government Solutions, Inc., a wholly-owned subsidiary of SES S.A., for $450 million subject to certain working capital adjustments.” 10-K for 2024 | agreed divestiture | March 21, 2022 | $450 million |
Advanced Acoustic Concepts LLC equity investment, sold to Thales Defense & Security, Inc.Word for word“The transaction was completed on July 8, 2022 and resulted in proceeds of $56 million.” 10-K for 2024 | divestiture | July 8, 2022 | $56 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2019-12-31 | $4 million | — | — |
| 2020-12-31 | $0 | $0 | $0 |
| 2021-12-31 | $14 million | $0 | $14 million |
| 2022-12-31 | −$19 million | $482 million | $282 million |
| 2023-12-31 | $0 | $0 | $2 million |
| 2024-12-31 | $0 | $0 | — |
Deal filings since 2016
- 2026-01-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Leonardo DRS’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.