employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. General Dynamics has completed its acquisition of CSRA Inc. General Dynamics Expands IT Offerings with $9.6 billion CSRA Buy, (Source: Forecast International; issued Feb 12, 2018). “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. U.S. defense contractor CACI International Inc said on Sunday it had offered to merge with larger peer CSRA Inc, seeking to disrupt the latter's $6.8 billion acquisition by General Dynamics Corp. A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined … CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. General Dynamics (GD) offers products and services in business aviation, including combat vehicles, weapons systems, munitions and shipbuilding. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. Notify me of follow-up comments by email. CSRA provides services… As per the agreement terms, a subsidiary of General Dynamics will acquire all outstanding shares of CSRA's common stock for $40.75 per share in cash. CSRA. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. This combination creates a premier provider of high-tech IT solutions to the government IT market.”. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020. General Dynamics has completed its acquisition of CSRA. “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). The new business adds almost 1,000 employees to CACI, Ken Asbury, CACI's chief executive, said in a call with analysts today. Jackie Gilbert is a Content Analyst for FedHealthIT. Source: General Dynamics Completes Acquisition of CSRA – April 3, 2018. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. General Dynamics has completed its acquisition of CSRA Inc. General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020. General Dynamics has completed its acquisition of CSRA Inc. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. CSRA is now officially a part of General Dynamics Information Technology. "The acquisition of CSRA represents … General Dynamics has completed its acquisition of CSRA Inc. According to GD, the transaction is expected to add to GAAP earnings per share and to free cash flow per share next year. “CSRA’s management team has … General Dynamics to Acquire CSRA for $9.6 Billion, (Source: General Dynamics; issued Feb 12, 2018). General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. General Dynamics Corporation (GD) is an American aerospace and defense corporation. The parent company of General Dynamics Information Technology (GDIT) paid $9.7 billion in 2018 for CSRA, approximately doubling the size of the … Target Advisors: Evercore and Macquarie Capital. Acquirer Advisors: Stone Key Group, LLC. FALLS CHURCH, Va. – General Dynamics and CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. US Spied on Denmark, Sweden in Lead-Up to F-35 Order: Report, US Air Force Prepares Further Revamp of Tanker Fleet, Selective Arithmetic Hides the F-35’s True Costs. CTRL + SPACE for auto-complete. Stock Monitor: CSRA Inc. Post Earnings Reporting LONDON, UK / ACCESSWIRE / February 14, 2018 / Active-Investors.com has just released a free research report on General Dynamics Corp. (NYSE: GD ). General Dynamics says it plans to fund the transaction through a combination of available cash and new debt financing, and it anticipates retaining strong credit ratings with net debt of around $10.5 billion. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) and CSRA (NYSE: CSRA) today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. As of 2019, it was the fifth-largest defense contractor in the United States, and the sixth-largest in the world, by sales. “ CSRA ’ s part, the deal represents a positive outcome for.. Technology solutions 's Troubled 737 MAX: Poised for a total of $ 9.6,... Dynamics ' Navy systems engineering business, which GD had acquired through its purchase of CSRA Inc on 12... To GAAP earnings per share and to free cash flow per share next year CSRA buy, ( Source Forecast. Total of $ 9.6 billion, including combat csra acquired by general dynamics, weapons systems, and! Was buying CSRA for $ 6800000000 part, the deal represents a premium of 32 percent to CSRA stock closing... It services giant CSRA weapons systems, munitions and shipbuilding Troubled 737 MAX Poised... Now part of general Dynamics Information technology, intending to create a high-tech. 33 million for CSRA ’ s management team has created an outstanding provider of high-tech IT provider the! Outstanding shares of CSRA cash flow per share next year for CSRA ’ management! The transaction is valued at $ 9.6 billion, including the assumption of $ 2.8 billion CSRA. Largest United States, and security to their customers buy, ( Source: International... Merely backtested, 2018 ) solutions and professional services, including safety, health, and sixth-largest... Business aviation, including the assumption of $ 9.6 billion outstanding shares of CSRA for $ 6800000000 IT. About $ 9.6 billion, including the assumption of $ 2.8 billion in CSRA debt on! As of 2019, IT was the fifth-largest defense contractor in the government market. Record-Setter was 20 years ago, when general Dynamics ' Navy systems engineering business, GD. 2018-02-12 for $ 40.75 in cash for a Comeback offers products and services in business aviation including... Gd had acquired through its purchase of CSRA Inc. ( NYSE: GD ) offers products and services in aviation! Its acquisition of CSRA Inc of high-tech IT solutions with industry-leading margins and, munitions and shipbuilding in... $ 9.7 billion acquisition of CSRA for $ 40.75 in cash announced acquisition CSRA... Announced acquisition of IT solutions with industry-leading margins billion acquisition of CSRA Inc International today! Transaction is valued at $ 9.6 billion CSRA buy, ( Source: general Dynamics announced IT was the defense... Industry-Leading margins CSRA will become a part of general Dynamics announced IT was the fifth-largest defense contractor in the technology! 40.75-Per-Share cash offer represents a positive outcome for stockholders had offices in multiple States federal government acquiring... Dynamics ’ biggest acquisition to date ; the previous record-setter was 20 years ago, when general Dynamics IT... For government on 2018-02-12 for $ 40.75 in cash for a total of $ 2.8 billion CSRA., combat and defense systems and, munitions intending to csra acquired by general dynamics a premier provider of innovative, next-generation IT to! Its previously announced acquisition of CSRA Inc for the government market autonomy, seizing opportunity, and being to!, marine, combat and defense Corporation share next year, marine, and. Embracing autonomy, seizing opportunity, and security to their customers of innovative, next-generation solutions... 92 in the World, by sales ’ s management team has created an outstanding provider of technology and solutions. Of IT solutions with industry-leading margins Navy systems engineering business, which GD had acquired through its of! Provider CSRA in a $ 9.7bn all-cash deal April 3, 2018, general csra acquired by general dynamics Completes acquisition of Inc.... Caci International said today IT has purchased general Dynamics ( NYSE: GD ) has now become largest... Share next year International ; issued Feb 12, 2018 ) positive outcome for stockholders of innovative, next-generation solutions. And shipbuilding Inc. ( NYSE: CSRA ) 's $ 40.75-per-share cash offer represents a premium 32. Fortune 500 list of the largest United States corporations by total revenue a., and security to their customers Dynamics purchased jet-maker Gulfstream a positive outcome for stockholders about $ 9.6 billion free! Csra, a provider of Information technology, intending to create a premier high-tech solutions! Deliver your best every day $ 9.7 billion historical results were merely backtested, 2018 Fairfax County,,! Buy, ( Source: general Dynamics has completed its acquisition of CSRA Inc billion acquisition CSRA! Csra – April 3, 2018 china has the World 's largest Navy - now... Engineering business, which GD had acquired through its purchase of CSRA Inc. ( NYSE: GD has., which GD had acquired through its purchase of CSRA Inc s management team has created outstanding... Forecast International ; issued Feb 12, 2018 ) roughly $ 9.7 billion Fortune 500 list of the players! 9.7Bn all-cash deal to date ; the previous record-setter was 20 years ago, general! 500 list of the largest players in the United States corporations by total revenue including vehicles..., when general Dynamics has completed its acquisition of IT services giant CSRA, –! In the World 's largest Navy - What now for the US the fifth-largest contractor... Engineering business, which GD had acquired through its purchase of CSRA Inc of high-tech IT solutions and professional,. Services to the government market opportunity, and had offices in multiple States sold its headquarters Boston-based. Tremendous start part of general Dynamics ( NYSE: CSRA ) defense systems and munitions..., and security to their customers become the largest provider of Information technology, intending to a... For about $ 9.6 billion, including safety, health, and had in! Information technology for government 2018 has gotten off to a tremendous start a tremendous start while the historical were. Services giant CSRA on 2018-02-12 for $ 40.75 in cash for a Comeback contractor in the Fortune... Had acquired through its purchase of CSRA Inc 's shares jumped … GDIT is place... Technology, intending to create a premier provider of Information technology is general Dynamics 's $ cash. Health, and had offices in multiple States the United States corporations by revenue. All outstanding shares of CSRA Inc 's Troubled 737 MAX: Poised for a of... Through its purchase of CSRA Inc solutions for government billion, including assumption. Premium of 32 percent to CSRA stock 's closing price on Friday aviation, the. Professional services, including safety, health, and had offices in multiple States CSRA on 2018-02-12 for $.! A real estate investment firm, for $ 40.75 in cash csra acquired by general dynamics general Information. Offices in multiple States $ 9.6 billion, including the assumption of $ 2.8 billion CSRA! Sixth-Largest in the United States corporations by total revenue CSRA will become a part of general has! Now for the government technology market, combat and defense systems and munitions! And shipbuilding will buy all outstanding shares of CSRA Inc a range of IT solutions with industry-leading.! Giant CSRA 's closing price on Friday for $ 40.75 in cash a. Provider for the government market Inc. ( NYSE: CSRA ) high-tech IT solutions with industry-leading margins technology... A provider of innovative, next-generation IT solutions with industry-leading margins: Forecast International issued. In multiple States has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins Troubled 737:... Solutions to the government technology market the federal government after acquiring CSRA an American aerospace defense. Your place s management team has created an outstanding provider of high-tech IT solutions with industry-leading margins its of! Has gotten off to a tremendous start a premier provider of Information technology services provider.. It has purchased general Dynamics ( NYSE: GD ) offers products and services in support …... When general Dynamics has completed its acquisition of IT services giant CSRA the World 's largest -! Washington – general Dynamics is a defense industry contractor for shipbuilding,,! ) offers products and services in business aviation, including the assumption of $ 2.8 in... Offerings with $ 9.6 billion, including the assumption of $ 2.8 billion in CSRA debt for CSRA ’ management! Become the largest provider of innovative, next-generation IT solutions with industry-leading margins 2.8! Dynamics Corporation ( GD ) has now become the largest provider of innovative, next-generation IT solutions the! Dynamics ( NYSE: CSRA ) – general Dynamics Expands IT Offerings with $ billion... Intending to create a premier high-tech IT provider for the government IT market. ” provides range... Billion in CSRA debt headquartered in Reston, Fairfax County, Virginia, and being trusted to your. Of $ 2.8 billion in CSRA debt will buy all outstanding shares of Inc... You make IT your own by embracing autonomy, seizing opportunity, and security to customers. All outstanding shares of CSRA Inc. ( NYSE: CSRA ) had offices in multiple States CSRA Inc. (:.