Leonardo DRS has entered into a definitive agreement to acquire defense software integrator Raft LLC in an all-cash transaction valued at $450 million [1].
The acquisition aims to expand Leonardo DRS’s multi-domain artificial intelligence, data fusion, and mission software capabilities. Raft, a Virginia-based technology firm, specializes in open-architecture software and data transformation for defense applications [2].
In a corporate announcement on July 28, 2026, Leonardo DRS stated the combination merges its “world-class sensing and mission systems” with Raft’s software expertise [2]. The operational goal is to deliver integrated capabilities that enable military personnel to move from “sensing, to understanding, to decision, to action faster than ever before” [3].
Leonardo DRS, which trades on the Nasdaq under the ticker symbol DRS, is a 71.38%-held U.S. subsidiary of the Italian aerospace and defense group Leonardo [4].
The $450 million cash transaction represents a significant investment by the defense contractor to bolster its digital and software-defined mission systems [1].
References
[1] Investing.com, “Leonardo DRS to acquire Raft for $450 million in cash,” July 28, 2026
[2] Leonardo DRS Press Release, “Leonardo DRS to Acquire Raft, Expanding Multi-Domain AI, Data Fusion and Mission Software Capabilities,” July 28, 2026
[3] Raft, LinkedIn Post, July 28, 2026
[4] Leonardo Corporate Press Release, “Leonardo is expanding in the US with the acquisition of Raft,” July 28, 2026
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