Leonardo DRS is trading 4.8% down today at $46.87 following the announcement of a $450 million acquisition of AI mission software firm Raft LLC.
- The deal has prompted investor caution and profit-taking, with some market participants expressing concern over deal valuation and integration risks.
- The stock's decline is being exacerbated by broader weakness across the defense sector and a general risk-off tone in the market amid heightened geopolitical uncertainty.