AcquisitionsJul 28, 2026, 11:37 AM
Leonardo DRS to Acquire Raft for $450M
AI Summary
Leonardo DRS, Inc. announced a definitive agreement to acquire Raft LLC for $450 million in an all-cash transaction. This acquisition is set to enhance DRS's capabilities in open-architecture mission software, multi-domain data fusion, and artificial intelligence, supporting national security customers. The deal is expected to close in the fourth quarter of 2026, be accretive to Adjusted Diluted EPS in the first full year, and provide a tax benefit of approximately $50 million.
Key Highlights
- Leonardo DRS to acquire Raft LLC for $450 million in an all-cash transaction.
- Acquisition aims to expand multi-domain AI, data fusion, and mission software capabilities.
- Expected to close in the fourth quarter of 2026, subject to regulatory approvals.
- Transaction is anticipated to be accretive to Adjusted Diluted EPS in the first full year of ownership.
- DRS expects to realize a tax benefit with a present value of approximately $50 million over 15 years.
- Funding will come from cash on hand and borrowings under its revolving credit facility.
Price Impact
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