Leonardo DRS Acquires Raft LLC for $450M Cash

Leonardo DRS, Inc. announced a definitive agreement to acquire Raft LLC for $450 million in an all-cash transaction. Raft provides open-architecture mission software, specializing in multi-domain data fusion and artificial intelligence for national security customers. The acquisition is strategic, enhancing DRS's capabilities in integrated, AI-enabled mission solutions, and is expected to be accretive to Adjusted Diluted EPS in the first full year of ownership. DRS anticipates a $50 million present value tax benefit over 15 years from the transaction, which is expected to close in Q4 2026.