Dippold Michael sold $387K of DRS

Leonardo DRS (DRS) reported Q2 FY2026 revenue of $913 million, up 10% YoY, and adjusted EBITDA of $128 million, up 33%, with a 14% margin. Bookings exceeded $1 billion (book-to-bill 1.2x) and funded backlog hit a record. The company agreed to buy Raft LLC for $450 million and raised FY adjusted EBITDA and EPS guidance while keeping revenue guidance at $3.9 to $3.975 billion.

Leonardo DRS agreed to acquire Raft LLC in an all-cash deal valued at $450 million, according to the companies. Raft provides open-architecture mission software for multi-domain data fusion and AI. The deal is expected to be accretive to adjusted diluted EPS in the first full year, with a ~$50 million present value tax benefit over 15 years. Closing is expected in Q4 2026, pending approvals.

Leonardo DRS, Inc. reported Q2 2026 organic revenue growth of 10% YoY and adjusted EBITDA up 33% with 240 bps margin expansion, citing tactical radar, electric propulsion, and infrared sensing demand. The company raised full-year profit outlook, kept revenue guidance unchanged, and said its $450m Raft LLC acquisition is expected to be accretive to adjusted diluted EPS in the first full year.

Leonardo DRS agreed to buy Raft, a Virginia defense software firm, for $450 million in an all-cash deal, to expand Leonardo DRS’ mission software, data fusion, and AI capabilities. The deal is expected to close in Q4 2026, pending regulatory approvals. Raft has worked with the US Air Force on Platform One-based modernization and AI battle management.

Leonardo DRS said it will acquire Raft in an all-cash deal valued at $450 million, expected to close in Q4 2026 subject to regulatory approval. Raft provides AI and open-architecture software for fusing data from multiple sources for real-time decision-making. Leonardo DRS expects about a $50 million tax benefit over 15 years and higher adjusted diluted EPS in the first full year.

Today’s technology M&A activity includes acquisitions by Leonardo DRS, Bloomberg, and Lafayette Instrument, expanding AI-enabled defense software, private markets data automation, and bioacoustics research technologies. Leonardo DRS Acquires Raft Leonardo DRS announced it has entered into a definitive agreement to acquire Raft, an AI-enabled autonomous data integration and mission software company, for US$450 million.