Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Tech · Buyer's industry: Search, Detection, Navigation, Guidance, Aeronautical Sys

Leonardo DRS, Inc. to acquire Raft

Announced Jul 28, 2026 · Announced · Private target

Deal value$450M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash

Transaction

Acquirer
Leonardo DRS, Inc. (DRS)
Target
Raft
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Announced

Deal protections

Not disclosed for private-company acquisitions.

Advisors

To the acquirer
Morgan Stanley
To the target
JPMorgan

Classification

Sector
Tech
Buyer's industry
Search, Detection, Navigation, Guidance, Aeronautical Sys
Sources
  • 8-K (EX-99.1) · Jul 28, 2026

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.