Leonardo DRS to Acquire AI Software Firm Raft LLC for $450 Million

Leonardo DRS, Inc. announced it has entered into a definitive agreement to acquire Raft LLC, a provider of open-architecture mission software specializing in artificial intelligence (AI) and multi-domain data fusion. The acquisition aims to enhance DRS's ability to deliver integrated, AI-enabled mission solutions for its national security customers.

Key Details

• Transaction Terms: $450 million all-cash transaction. DRS expects to realize a tax benefit with a present value of approximately $50 million over 15 years.
• Timeline & Financial Impact: The acquisition is expected to close in the fourth quarter of 2026, subject to regulatory approvals. It is anticipated to be accretive to Adjusted Diluted EPS in the first full year of ownership.
• Strategic Rationale: The deal expands DRS's capabilities in mission-critical software, adding Raft's expertise in fusing disparate data into a common operating picture to support faster decision-making.