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[SITUATION] · [ACTIVE]
2 clusters · 7 sources · 3 days · First seen · Last updated
Categories: BUSINESS · TECHNOLOGY
Leonardo DRS acquisition of Raft
Entities: Leonardo DRS · John Baylouny · Shubhi Mishra · Raft LLC · Raft
Overview
In late July 2026, Leonardo DRS, the U.S. arm of Italy’s Leonardo, announced an all‑cash agreement to purchase Virginia‑based Raft for about $450 million. The deal, aimed at adding open‑architecture mission software, AI‑enabled data‑fusion and multi‑domain situational‑awareness capabilities to Leonardo DRS’s defense portfolio, was slated to close in the fourth quarter of 2026 pending standard regulatory approvals.
A few days later, Leonardo DRS provided additional details, noting that the acquisition would be financed with cash on hand and a revolving credit line, and that it expected a $50 million tax benefit over 15 years. The company also identified its financial advisers (Morgan Stanley for Leonardo DRS and J.P. Morgan for Raft) and highlighted comments from both CEOs about the strategic fit of Raft’s software talent and platform with DRS’s existing franchises.
Timeline
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5 days ago
[BUSINESS] 2 sourcesLeonardo DRS to Acquire Mission Software Firm Raft for $450 MillionLeonardo DRS will buy AI‑focused mission software firm Raft for $450 M, closing Q4 2026, to boost its defense software portfolio.
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7 days ago
[TECHNOLOGY] 5 sourcesLeonardo DRS to acquire Raft for $450 million, boosting US defense AILeonardo DRS will buy Virginia‑based Raft for about $450 million, adding open‑architecture AI and data‑fusion software to its U.S. defense portfolio; closing expected Q4 2026.
Sources
analisidifesa.it · aresdifesa.it · breakingdefense.com · defence-industry.eu · govconwire.com · pulse2.com · stocknews.com