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SES closes $3.1B acquisition of Intelsat
The completion of the move also brings a new CEO for the government business, who is staying with the organization after being in the same role for Intelsat.
Fifteen months after announcing their plans, SES has closed its $3.1 billion acquisition of Intelsat and appointed David Broadbent as CEO for the combined company's U.S. government subsidiary.
SES Space & Defense was creating by combining the government and defense divisions of both companies.
Broadbent came over to SES from Intelsat, where he most recently was president of government solutions. Before Intelsat, he spent 21 years at Raytheon and his most recent role there was president of the space systems business.
“Our focus moving forward is to harness the combined strengths of our people, capabilities, and technology to deliver mission-driven outcomes for our government mission partners,” Broadbent said in a release Tuesday.
The combination of SES and Intelsat creates a company with broader muti-orbit satellite-based offerings, as well as a larger spectrum portfolio and a global ground network.
SES needed 15 months to complete the transaction regulatory requirements tied to both companies being headquartered in Luxembourg. The SES Space & Defense subsidiary is headquartered in Reston, Virginia.
SES Space & Defense ranked No. 100 on the 2025 Washington Technology Top 100 with $261.8 million in prime contracts.