Leonardo DRS to acquire Raft LLC for $450M in all-cash deal

Leonardo DRS, Inc.

Acquisition of Raft LLC for $450M all-cash; expected to close Q4 2026.
Raft provides open-architecture mission software, AI, and data fusion for defense.
Deal expected to be accretive to adjusted diluted EPS in first full year.
DRS expects ~$50M present value tax benefit over 15 years from the transaction.
Funding via cash on hand and borrowings under revolving credit facility.

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