Leonardo DRS (NASDAQ:DRS) agreed to acquire mission software provider Raft LLC for $450 million. The all-cash transaction enhances Leonardo’s capabilities in artificial intelligence and multi-domain data fusion for national security.
The deal integrates Raft’s AI-enabled sensor platform with Leonardo’s existing network computing technologies. This software fuses data from various sensors into a unified operational view.
Management expects the transaction to close in the fourth quarter of 2026. The acquisition will be accretive to adjusted earnings per share in the first full year.
Leonardo DRS will fund the purchase using cash and its revolving credit facility.