Leonardo DRS, Inc. 8K

Leonardo DRS, Inc. entered into a definitive agreement to acquire Raft LLC for $450 million in cash to expand its AI-driven mission software and data fusion capabilities, with closing expected in the fourth quarter of 2026.

On July 28, 2026, Leonardo DRS, Inc. announced it has entered into a definitive agreement to acquire Raft LLC, a McLean, Virginia-based provider of open-architecture mission software specializing in multi-domain data fusion and artificial intelligence, in an all-cash transaction valued at $450 million. The deal is intended to expand Leonardo DRS’s multi-domain AI, data fusion, and mission software capabilities and is positioned as complementary to its existing sensing and computing portfolio, enhancing integrated, AI-enabled mission solutions for defense and national security customers. The company expects to fund the purchase with cash on hand and borrowings under its revolving credit facility, realizes an estimated present-value tax benefit of approximately $50 million over 15 years, and anticipates the acquisition will be accretive to Adjusted Diluted EPS in the first full year post-closing. The transaction remains subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2026, with both companies supported by named financial and legal advisors and with additional discussion of the deal to occur on Leonardo DRS’s July 30, 2026 earnings conference call.

Filing Facts

CIK

1833756

Ticker

-

Form

8K

Source Type

sec

Accession

0001833756-26-000034

Alert Tier

8