The acquisition was completed in April 2018. “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 of General Dynamics. CSRA is now part of General Dynamics Information Technology. Secure Your Sponsorship Today! “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 company ranked No. General Dynamics believes this acquisition will help it to provide lower cost internet technology solutions. "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," said Phebe Novakovic, chairman … The potential deal comes a month after General Dynamics said it sought to swallow up CSRA for $6.8 billion cash and $2.8 billion debt. General Dynamics has completed its acquisition of CSRA Inc. “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 provides services in support of … FALLS CHURCH, Va., Feb. 12, 2018 /PRNewswire/ -- 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. CSRA acquired by General Dynamics. Boeing's Troubled 737 MAX: Poised for a Comeback? “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. General Dynamics (GD) has now become the largest provider of information technology services to the federal government after acquiring CSRA. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Advocates and Skeptics For CSRA’s part, the deal represents a positive outcome for stockholders. CSRA CSRA provides a range of IT solutions and professional services, including safety, health, and security to their customers. 92 in the 2019 Fortune 500 list of the largest United States corporations by total revenue. In mid-March, the once-private bidding war for CSRA came became public after CACI International announced a $7.2 billion cash-and-stock offer that sought to … General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. The acquisition of CSRA is General Dynamics' largest ever deal, easily eclipsing the $5.3bn the company paid for Gulfstream Aerospace Corporation in 1999. Save. employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. General Dynamics Expands IT Offerings with $9.6 billion CSRA Buy, (Source: Forecast International; issued Feb 12, 2018). General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). The move comes after CSRA agreed last month to sell itself to General Dynamics, another defense contractor, for $40.75 per share in cash, as companies in the sector seek to position themselves for a pickup in government spending under U.S. President Donald Trump's administration. WASHINGTON – General Dynamics has completed a roughly $9.7 billion acquisition of IT services giant CSRA. Apply now and own your career. "The acquisition of CSRA represents … The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. Including the assumption of debt, the deal is worth $9.6 billion 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. Source: General Dynamics Completes Acquisition of CSRA – April 3, 2018. General Dynamics will acquire all outstanding shares in CSRA for $40.75 in a transaction valued at $9.6 billion, which includes the assumption of $2.8 billion in CSRA debt. 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. Industry Moves By Fed Health Executives in December 2020, Citrix seeking Enterprise Relationship Manager, HHS, Pleiotek scores DHA Next Generation Operational Mobile Medicine Application and Integration Platform Phase II follow-on, Protests: $126M VA Electronic Data Interchange transactions & paper-based Health claims (EDI P2E) support contract, HHS OASH recruits longtime USPTO IT lead to be Director of IT Operations. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. Overview. Target Advisors: Evercore and Macquarie Capital. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. General Dynamics (NYSE: GD) said Monday it would acquire CSRA Inc. (NYSE: CSRA) for $6.8 billion in cash plus $2.8 billion in debt in a move that creates the … Acquiring Organization: General Dynamics General Dynamics is a defense industry contractor for shipbuilding, marine, combat and defense systems and, munitions. In mid-March, the once-private bidding war for CSRA came became public after CACI International announced a $7.2 billion cash-and-stock offer that sought to top General Dynamics’ … * general dynamics corp - deal accretive to earnings and free cash flow per share in 2019 BRIEF-General Dynamics To Acquire CSRA For $9.6 Bln | Reuters Discover Thomson Reuters The parent company of General Dynamics Information Technology (GDIT) paid $9.7 billion in 2018 for CSRA, approximately doubling the size of the … CSRA, the 39th largest defense contractor on the … 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. General Dynamics has completed its acquisition of CSRA Inc. /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Acquirer Advisors: Stone Key Group, LLC. Summary. General Dynamics will buy all outstanding shares of CSRA for $40.75 in cash for a total of $9.6 billion. General Dynamics has acquired CSRA, a provider of technology and cybersecurity solutions for government. CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. This combination creates a premier provider of high-tech IT solutions to the government IT market. General Dynamics to Acquire CSRA for $9.6 Billion, (Source: General Dynamics; issued Feb 12, 2018). The transaction, valued at approximately $9.7 billion, is expected to generate estimated annual pre-tax cost savings of approximately 2% of the combined company’s revenue by 2020. This is General Dynamics’ biggest acquisition to date; the previous record-setter was 20 years ago, when General Dynamics purchased jet-maker Gulfstream. “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA … The transaction, valued at approximately $9.7 billion, is expected to generate estimated annual pre-tax cost savings of approximately 2% of the combined company’s revenue by 2020. “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. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Jackie Gilbert is a Content Analyst for FedHealthIT. Acquirer: General Dynamics (NYSE:GD) Target: CSRA (NYSE: CSRA) Estimated value: $9.6 Bn. 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. CSRA is now part of General Dynamics Information Technology. 2020 FedHealthIT.com Digital Sponsorships Released! The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … 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. 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.” The company was headquartered in Falls Church, Virginia, and had offices in multiple states. General Dynamics has completed its acquisition of CSRA Inc. 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 … 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. The combined entity will be one of the largest players in the government technology market. 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General Dynamics has completed its acquisition of CSRA. 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. CSRA's website says it will be acquired by General Dynamics. The transaction is valued at approximately $9.7 billion. General Dynamics Corporation (GD) is an American aerospace and defense corporation. Write CSS OR LESS and hit save. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. The $6.8 billion deal hit a speed bump after CACI International intended to merge with CSRA in an attempt to knock General Dynamics out of the game. CSRA. "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," 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. She plows through heaps of recent contract awards and keeps an eye out for key people moving jobs, in order to post the current news on both fronts, to keep our readers informed. VA issues RFI seeking Fractal Governance Implement…, Data Science at the NIH – Former U. S. Chief…, Centers for Medicare & Medicaid Services Xtra, Rising 8(a) EDWOSB Saliense adds recent DOD Healthcare Management System Modernization leader Craig Schaefer, DHA inks deal for SnareWorks License renewal, Army MEDCOM awards $11M FASOR Modernization contract, Centers for Medicare & Medicaid News Xtra. “As a result of the closing of the acquisition, General Dynamics intends to cause all shares of CSRA common stock to be delisted…” Read the full press release here. General Dynamics acquires CSRA on 2018-02-12 for $6800000000. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. CSRA's shares jumped … 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. On Feb 12, 2018, global aerospace and defense giant General Dynamics announced its acquisition of CSRA, a leading government IT business providing next-generation technology solutions to federal customers. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. Notify me of follow-up comments by email. April 02, 2018. 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.”, “CSRA is now part of General Dynamics Information Technology. Under the terms of the agreement, which has been unanimously approved by the boards of both companies, a subsidiary of General Dynamics will commence a … FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. 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. 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's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. The acquisition, 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. CTRL + SPACE for auto-complete. “CSRA’s management team has … CSRA is now officially a part of General Dynamics Information Technology. General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. The new business adds almost 1,000 employees to CACI, Ken Asbury, CACI's chief executive, said in a call with analysts today. The transaction is valued at $9.6 billion. WASHINGTON ― Information technology specialist CACI has submitted an unsolicited proposal to CSRA to acquire all outstanding shares of the latter’s common stock, potentially disrupting up a $9.6 billion acquisition of CSRA by General Dynamics.. The proposal announced Sunday includes a combination of CACI common stock and cash, totaling $44 per share ($29 CACI stock, plus $15 cash). The combined entity will be one of the largest players in the government technology market. FALLS CHURCH, Va. General Dynamics has completed its previously announced acquisition of IT provider CSRA. CSRA is now officially a part of General Dynamics Information Technology. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. General Dynamics has completed its acquisition of CSRA Inc. General Dynamics will buy all outstanding shares of CSRA for $40.75 in cash for a total of $9.6 billion. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. The transaction is valued at $9.6 billion. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. 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. China Has the World's Largest Navy - What Now for the US? CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. CSRA was formed through a merger of CSC's North American Public Sector business and SRA International (formerly Systems Research and Applications Corporation) on November 30, 2015, and the company began trading on the New York Stock Exchange under the stock symbol CSRA. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. While the historical results were merely backtested, 2018 has gotten off to a tremendous start. 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. In a move aimed at gaining even more critical mass in its information technology services, General Dynamics has agreed to acquire CSRA in a deal valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. General Dynamics (GD) offers products and services in business aviation, including combat vehicles, weapons systems, munitions and shipbuilding. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). If General Dynamics’ $9.7 billion acquisition of CSRA goes forward, the company will be the federal government’s largest technology services provider by a wide margin. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- 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. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. CSRA's shares jumped … A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. The transaction, valued at approximately $9.7 billion, is... Resources “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamics has completed its acquisition of CSRA Inc. The transaction is valued at approximately $9.7 billion. General Dynamics has completed its acquisition of CSRA Inc. 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. Announcement date: 02/18. 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. General Dynamics has completed its acquisition of CSRA. You make it your own by embracing autonomy, seizing opportunity, and being trusted to deliver your best every day. As of 2019, it was the fifth-largest defense contractor in the United States, and the sixth-largest in the world, by sales. According to GD, the transaction is expected to add to GAAP earnings per share and to free cash flow per share next year. On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. 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 ). Acquired Organization: CSRA CSRA provides a range of IT solutions and professional services, including safety, health, and security to their customers. 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. You have entered an incorrect email address! It is headquartered in Reston, Fairfax County, Virginia. “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. General Dynamics has completed its acquisition of CSRA Inc. Transaction Overview . GDIT is your place. This combination creates a premier provider of high-tech IT solutions to the government IT market.”. 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