Exhibit 1

0019-EX-AU-2014 Text Documents

DRS Signal Solutions, Inc.

2014-07-10ELS_151180

Exbhibit 1 This application ("Application") seeks Commission consent to the pro forma assignment with respect to the facilities authorized under experimental Stations WF2XFE and WH2XFR and the licenses themselves (the "Stations") from DRS Signal Solutions, Inc. ("Assignor") to DRS ICAS, LLC ("Assignee"). Pursuant to agreements entered into in connection with an internal restructuring, the facilities authorized under the Stations‘ licenses and the licenses themselves will be assigned from Assignor to Assignee. The proposed transaction is pro forma in nature. Specifically, the transaction involves an assignment of the Stations‘ licenses and the facilities licensed thereunder from Assignor to Assignee, with both entities being — through intervening subsidiaries — wholly—owned subsidiaries of their ultimate corporate parent Finmeceanica — Societa per azioni (‘Finmeccanica") — an Italian corporation a majority of whose stock is publicly traded. As such, the transaction does not constitute a "substantial change in ownership or control" of the subject licenses pursuant to Section 309(c)(2)(B) of the Communications Act of 1934, as amended, 47 U.S.C. § 309(c)(2)(B). Due to the nature of the licenses involved in this matter, a foreign ownership ruling pursuant to Section 310(b)(4) of the Communications Act is not required. This application is the only applications being filed at this time in connection with this reorganization. No other applications are being filed with other Commission Bureaus with respect to other licenses held by the Assignor entity. Upon grant of the Application and completion of the transaction, Assignee will have Commission authorization to operate the facilities under the Stations‘ licenses, and become the licensee of the Stations. As licensee, Assignee will continue to operate the Stations consistent with the authority previously issued by the Commission. As demonstrated in the Application, Assignee has the qualifications necessary to become the Commission licensee for the Stations. For the foregoing reasons, it is respectfully submitted that the proposed transaction will serve the public interest.


Document Created: 2019-04-28 02:35:06
Document Modified: 2019-04-28 02:35:06
© 2025 FCC.report
This site is not affiliated with or endorsed by the FCC