Leonardo DRS com­pletes ac­qui­si­tion of Day­light So­lu­tions

SP's MAI - - CORPORATE NEWS -

Leonardo re­cently an­nounced that its US sub­sidiary, Leonardo DRS, com­pleted the ac­qui­si­tion of Day­light So­lu­tions, Inc., a lead­ing de­vel­oper and sup­plier of quan­tum cas­cade laser based prod­ucts and tech­nol­ogy. The ac­qui­si­tion re­ceived the ap­proval of the stock­hold­ers of Day­light So­lu­tions and all the re­quired reg­u­la­tory ap­provals, in­clud­ing re­view by U.S. an­titrust author­i­ties and the Com­mit­tee on For­eign In­vest­ment in the Unites States.

The in­te­gra­tion of Day­light So­lu­tions will po­si­tion Leonardo DRS as a world leader in ad­vanced laser tech­nol­ogy, elec­tro-op­ti­cal, and in­frared sys­tems for de­fense.

“In­no­va­tion is at the core of Leonardo DRS and Day­light So­lu­tions brings an ex­cep­tional record of tech­nol­ogy ad­vance­ments in the grow­ing field of in­frared laser sys­tems,” said Wil­liam J. Lynn, CEO of Leonardo DRS.

The ac­qui­si­tion will also ex­pand tech­nol­ogy so­lu­tions for med­i­cal and in­dus­trial cus­tomers.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.