Exhibit 1

0002-EX-TU-2013 Text Documents

DRS Soneticom, Inc.

2013-01-23ELS_132828

Exhibit 1

By the instant application (“Application”), Commission consent is sought to the pro
forma transfer of control of DRS Soneticom, Inc. (the “Current Licensee”), the licensee of
Experimental Radio Service Station WF2XFE (the “Station”).

Currently, 100% of the shares of Current Licensee are owned by its immediate parent
DRS Signal Solutions, Inc. (“DRS Signal Solutions”), which in turn is owned by a number of
intervening subsidiaries, with the ultimate corporate parent being Finmeccanica - Società per
azioni - an Italian corporation a majority of whose stock is publicly traded. Due to the nature of
the license involved in this transaction, a foreign ownership ruling pursuant to Section 310(b)(4)
of the Communications Act is not required.

Pursuant to the merger transaction which is the subject of this Application, the following
will occur:

- Current Licensee will be merged with and into DRS Signal Solutions by virtue of a
statutory merger.

- In addition, upon completion of the transaction:

o Current Licensee will cease to exist, and DRS Signal Solutions will be the
surviving entity; and

o DRS Signal Solutions will also be the post-merger licensee for the Station and
will own and operate the assets associated with the Station; and

o The ownership of DRS Signal Solutions, up to the ultimate parent, will remain
unchanged.

Upon Commission approval of this Application and consummation of the transaction, the
Commission will be requested to update its records to specify “DRS Signal Solutions, Inc.” as
the post-merger licensee under the FRN for that entity, which is 0008275067.

Identification of “Transferor” entity – DRS Signal Solutions, Inc. (FRN 0008275067).
This entity currently holds 100% of the stock of
the Current Licensee.

Identification of “Transferee” entity – DRS Defense Solutions, LLC (FRN 0018796417)
Upon completion of this transaction, this entity
will own 100% of the stock of the post-merger
licensee DRS Signal Solutions, Inc.

The Transferee DRS Defense Solutions, LLC has the qualifications necessary to acquire
control of the Station. The proposed transaction is pro forma in nature. Because all of the
parties involved in the transaction are indirect wholly-owned subsidiaries of Finmeccanica -
Società per azioni (the ultimate corporate parent), the transaction does not constitute a
"substantial change in ownership or control" of the subject Station pursuant to Section
309(c)(2)(B) of the Communications Act of 1934, as amended, 47 U.S.C. § 309(c)(2)(B).

For all of the foregoing reasons, it is respectfully submitted that the proposed transaction
will serve the public interest and the Commission should grant its consent to the instant
Application.

Below, the pre-merger and post-merger ownership of the licensee of the Station is
depicted.

BEFORE AFTER

Finmeccanica - Società per azioni Finmeccanica - Società per azioni
(Italy) (Italy)

Meccanica Holdings USA, Meccanica Holdings USA,
Inc. Inc.
(US) (US)

DRS Technologies, Inc. DRS Technologies, Inc.
(US) (US)

DRS Defense DRS Defense
Solutions, LLC Solutions, LLC
(US) (US)

DRS Signal DRS Signal Solutions, Inc.
Solutions, Inc. (US)
(US)
Merging with and into POST MERGER LICENSEE

DRS Soneticom, Inc.
(US)

CURRENT LICENSEE

Document Created: 2019-04-24 10:02:04
Document Modified: 2019-04-24 10:02:04

© 2024 FCC.report
This site is not affiliated with or endorsed by the FCC