Boeing's Troubled 737 MAX: Poised for a Comeback? General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. 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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. On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. “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. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. "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. The acquisition was completed in April 2018. This combination creates a premier provider of high-tech IT solutions to the government IT market.”. General Dynamics (GD) offers products and services in business aviation, including combat vehicles, weapons systems, munitions and shipbuilding. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. China Has the World's Largest Navy - What Now for the US? Announcement date: 02/18. WASHINGTON – General Dynamics has completed a roughly $9.7 billion acquisition of IT services giant CSRA. General Dynamics has completed its acquisition of CSRA Inc. 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.”, “CSRA is now part of General Dynamics Information Technology. FALLS CHURCH, Va. – 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. The parent company of General Dynamics Information Technology (GDIT) paid $9.7 billion in 2018 for CSRA, approximately doubling the size of the … 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. Secure Your Sponsorship Today! You make it your own by embracing autonomy, seizing opportunity, and being trusted to deliver your best every day. General Dynamics has acquired CSRA, a provider of technology and cybersecurity solutions for government. The company ranked No. "The acquisition of CSRA represents … /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). April 02, 2018. On Febru… General Dynamics has completed its acquisition of CSRA. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. CSRA's website says it will be acquired by General Dynamics. CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. Acquiring Organization: General Dynamics General Dynamics is a defense industry contractor for shipbuilding, marine, combat and defense systems and, munitions. 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. A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. The acquisition of CSRA is General Dynamics' largest ever deal, easily eclipsing the $5.3bn the company paid for Gulfstream Aerospace Corporation in 1999. 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General Dynamics has completed its acquisition of CSRA. Summary. Acquirer: General Dynamics (NYSE:GD) Target: CSRA (NYSE: CSRA) Estimated value: $9.6 Bn. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. “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 debt. The transaction, valued at approximately $9.7 billion, is... Resources CSRA's shares jumped … FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: 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 … It is headquartered in Reston, Fairfax County, Virginia. 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 has completed its acquisition of CSRA Inc. 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. Write CSS OR LESS and hit save. CSRA's shares jumped … CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA … “CSRA’s management team has … General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. Acquired Organization: CSRA CSRA provides a range of IT solutions and professional services, including safety, health, and security to their customers. General Dynamics has completed its acquisition of CSRA Inc. 92 in the 2019 Fortune 500 list of the largest United States corporations by total revenue. Including the assumption of debt, the deal is worth $9.6 billion employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more 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 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 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 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 has completed its previously announced acquisition of IT provider CSRA. Overview. This is General Dynamics’ biggest acquisition to date; the previous record-setter was 20 years ago, when General Dynamics purchased jet-maker Gulfstream. Apply now and own your career. 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. The company was headquartered in Falls Church, Virginia, and had offices in multiple states. 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 acquired CSRA, a provider of technology and cybersecurity solutions for government. CSRA provides services in support of … CSRA. General Dynamics has completed its acquisition of CSRA Inc. “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). 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. 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 ). CSRA is now part of General Dynamics Information Technology. Save. CSRA is now officially a part of General Dynamics Information Technology. 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. “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 (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). 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’ … 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 will buy all outstanding shares of CSRA for $40.75 in cash for a total of $9.6 billion. “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 has completed its acquisition of CSRA Inc. You have entered an incorrect email address! General Dynamics has completed its acquisition of CSRA Inc. 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. 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.” 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.. CSRA provides services… “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 is valued at $9.6 billion. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. 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). General Dynamics to Acquire CSRA for $9.6 Billion, (Source: General Dynamics; issued Feb 12, 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. While the historical results were merely backtested, 2018 has gotten off to a tremendous start. This combination creates a premier provider of high-tech IT solutions to the government IT market. 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. The transaction is valued at $9.6 billion. 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. 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 … General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. CSRA is now part of General Dynamics Information Technology. CSRA is now officially a part of General Dynamics Information Technology. Transaction Overview . Source: General Dynamics Completes Acquisition of CSRA – April 3, 2018. Jackie Gilbert is a Content Analyst for FedHealthIT. 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 Corporation (GD) is an American aerospace and defense corporation. “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 combined entity will be one of the largest players in the government technology market. Target Advisors: Evercore and Macquarie Capital. 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 … The new business adds almost 1,000 employees to CACI, Ken Asbury, CACI's chief executive, said in a call with analysts today. General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. 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. 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. The proposal announced Sunday includes a combination of CACI common stock and cash, totaling $44 per share ($29 CACI stock, plus $15 cash). 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 approximately $9.7 billion. General Dynamics (GD) has now become the largest provider of information technology services to the federal government after acquiring CSRA. CTRL + SPACE for auto-complete. "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," said Phebe Novakovic, chairman … 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. General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. According to GD, the transaction is expected to add to GAAP earnings per share and to free cash flow per share next year. 2020 FedHealthIT.com Digital Sponsorships Released! CSRA acquired by General Dynamics. As of 2019, it was the fifth-largest defense contractor in the United States, and the sixth-largest in the world, by sales. Acquirer Advisors: Stone Key Group, LLC. General Dynamics has completed its acquisition of CSRA Inc. * 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 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 … The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. CSRA CSRA provides a range of IT solutions and professional services, including safety, health, and security to their customers. CSRA, the 39th largest defense contractor on the … “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. General Dynamics acquires CSRA on 2018-02-12 for $6800000000. The combined entity will be one of the largest players in the government technology market. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: 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. 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. 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. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. GDIT is your place. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. “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. Advocates and Skeptics For CSRA’s part, the deal represents a positive outcome for stockholders. 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 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. “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). The transaction is valued at approximately $9.7 billion. 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 … 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. General Dynamics Expands IT Offerings with $9.6 billion CSRA Buy, (Source: Forecast International; issued Feb 12, 2018). 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. The new business adds almost 1,000 employees to CACI, Ken Asbury, CACI's chief executive, said in a call with analysts today. General Dynamics believes this acquisition will help it to provide lower cost internet technology solutions. “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. Acquiring CSRA CSRA CSRA provides services in business aviation, including the assumption of 9.6. 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