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NASDAQ: DRS Leonardo DRS, Inc. 8-K

Leonardo DRS to acquire AI defense software firm Raft for $450M cash

Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read

Key Changes

  • high

    DRS signed definitive agreement to acquire Raft LLC for $450M cash, adding AI-powered multi-domain data fusion software capabilities to its defense technology portfolio. Deal expected to close Q4 2026.

    Exhibit 99.1 view on EDGAR →
  • high

    Transaction will be funded through cash on hand and revolving credit facility borrowings. DRS expects $50M present-value tax benefit over 15 years and projects acquisition will be accretive to adjusted EPS in first full year.

    Exhibit 99.1 view on EDGAR →
  • medium

    Raft specializes in open-architecture mission software that fuses data from multiple sources into unified operational picture for defense customers, complementing DRS's existing sensing and computing hardware.

    Exhibit 99.1 view on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov Press release (Ex 99.1) on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify