M&A Deal Summary

Leonardo DRS Acquires Ascendant Engineering Solutions

On August 5, 2021, Leonardo DRS acquired engineering company Ascendant Engineering Solutions

Acquisition Highlights
  • This is Leonardo DRS’s 1st transaction in the Engineering sector.
  • This is Leonardo DRS’s 1st transaction in the United States.
  • This is Leonardo DRS’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-08-05
Target Ascendant Engineering Solutions
Sector Engineering
Buyer(s) Leonardo DRS
Deal Type Add-on Acquisition

Target

Ascendant Engineering Solutions

Austin, Texas, United States
Ascendant Engineering Solutions is an engineering service company that specializes in the design, development, and manufacturing of high-performance, stabilized, multi-sensor gimbal systems for the growing market of Group 1, 2, and 3 Unmanned Aerial Systems (UAS) across U.S. military services. Ascendant Engineering Solutions is based in Austin, Texas.

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Buyer(S) 1

Buyer

Leonardo DRS

Arlington, Virginia, United States
Category Company
Founded 1969
Sector Defense
DESCRIPTION

Leonardo DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services, and support to military forces, the intelligence community, and defense contractors worldwide. Leonardo DRS was founded in 1969 and is based in Arlington, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 DRS Global Enterprise Solutions

Dulles, Virginia, United States

DRS Global Enterprise Solutions (GES) is a provider of commercial satellite communications to the US Government, and delivers mission-critical satellite communications and security solutions to customers anywhere in the world. DRS Global Enterprise Solutions is based in Dulles, Virginia.

Sell $450M
Mergr

Product

Company

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