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Leonardo DRS Acquires Raft for $450 Million

PUBLIC · DRSJul 28, 2026•12 days ago

Acquiring Company

Leonardo DRS

Acquired Company

Raft

McleanDefense & SpaceSoftwareConsulting

Description

Leonardo DRS, Inc. has announced its agreement to acquire Raft LLC in an all-cash transaction valued at $450 million. This acquisition enhances DRS's capabilities in AI and data fusion software, aligning with its strategic goals. The transaction is expected to close in the fourth quarter of 2026, pending regulatory approvals.

Company Information

Company

Leonardo DRS

Location

2345 Crystal Drive

About

Leonardo DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services and support to military forces, the intelligence community, and defense contractors worldwide. With over fifty years of experience, its Electro-Optical and Infrared Systems business unit develops and produces industry-leading and trusted sensor technology and integrated solutions for land, sea, air and space systems as well as commercial customers. Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com.

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Predictive Intelligence
Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Raft?

Raft was acquired by Leonardo DRS. The deal was reported on July 28, 2026. Leonardo DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services and support to military forces, the intelligence community, and defense contractors worldwide. Leonardo DRS is publicly traded (DRS) and operates in Defense & Space.

When did Leonardo DRS acquire Raft?

Leonardo DRS's acquisition of Raft was reported on July 28, 2026. Leonardo DRS, Inc. has announced its agreement to acquire Raft LLC in an all-cash transaction valued at $450 million. This acquisition enhances DRS's capabilities in AI and data fusion software, aligning with its strategic goals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Raft do?

Since late 2018 the startup has now raised approximately $48 million. It is privately held, operating in Software, and is based in Mclean.

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