Mergers & Acquisitions ·
Leonardo DRS, Inc. entered into a definitive agreement to acquire Raft LLC in an all-cash transaction valued at $450…
DRSLeonardo DRS, Inc.
Leonardo DRS, Inc. entered into a definitive agreement to acquire Raft LLC in an all-cash transaction valued at $450 million. Raft, founded in 2018 and headquartered in McLean, Virginia, specializes in open-architecture mission software, multi-domain data fusion, and artificial intelligence for national security customers. The acquisition is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions. DRS plans to fund the deal using cash on hand and borrowings under its revolving credit facility. The company anticipates the transaction will be accretive to Adjusted Diluted Earnings Per Share in the first full year of ownership and expects a present value tax benefit of approximately $50 million over the next 15 years. Leonardo DRS, Inc. operates in the defense technology industry, developing advanced sensing, network computing, and mission solutions for U.S. national security customers.