Raft acquired by Leonardo DRS
Leonardo DRS agreed to acquire Raft, a US mission software brand, on Jul 28, 2026.
Transaction summary
- Target
- Raft
- Acquirer
- Leonardo DRS
- Seller
- -
- Announced
- 2026-07-28
- Geography
- United States
- Tags
- AI SoftwareData FusionMission SoftwareSoftware
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-08-08
- Latest update
- 2026-08-08
Value and multiples
100% enterprise value
USD 450M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 450M
$450 million all-cash consideration is reported by GovCon Wire, Washington Technology, Quiver Quantitative, and ANSA; the Leonardo DRS announcement independently verifies the transaction.
Basis
- USD 450m consideration is treated as publicly disclosed or derived directly from public source data.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- The official announcement discloses $450m cash consideration but no exact stake percentage or transaction-time operating metrics.
Source summary
Leonardo DRS to Acquire Raft, Expanding Multi-Domain AI, Data Fusion and Mission Software Capabilities
ConfirmedLeonardo DRS announced a definitive agreement to acquire Raft, a defense mission software and AI/data fusion company, for $450 million in cash; the transaction is expected to close in Q4 2026.
Open source