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. "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," said Phebe Novakovic, chairman … This is General Dynamics’ biggest acquisition to date; the previous record-setter was 20 years ago, when General Dynamics purchased jet-maker Gulfstream. 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. Target Advisors: Evercore and Macquarie Capital. 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. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. It is headquartered in Reston, Fairfax County, Virginia. The acquisition of CSRA is General Dynamics' largest ever deal, easily eclipsing the $5.3bn the company paid for Gulfstream Aerospace Corporation in 1999. A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. You have entered an incorrect email address! CSRA is now part of General Dynamics Information Technology. “CSRA’s management team has … The acquisition was completed in April 2018. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. 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 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.” Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more CTRL + SPACE for auto-complete. CSRA's website says it will be acquired by General Dynamics. 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. 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 ). The transaction is valued at $9.6 billion. China Has the World's Largest Navy - What Now for the US? 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 … 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. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA … Acquirer Advisors: Stone Key Group, LLC. 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. 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. Transaction Overview . 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 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. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. 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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 … WASHINGTON – General Dynamics has completed a roughly $9.7 billion acquisition of IT services giant CSRA. April 02, 2018. The proposal announced Sunday includes a combination of CACI common stock and cash, totaling $44 per share ($29 CACI stock, plus $15 cash). “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). CSRA provides services… CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. The combined entity will be one of the largest players in the government technology market. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. General Dynamics (GD) offers products and services in business aviation, including combat vehicles, weapons systems, munitions and shipbuilding. 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 … General Dynamics Corporation (GD) is an American aerospace and defense corporation. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. General Dynamics to Acquire CSRA for $9.6 Billion, (Source: General Dynamics; issued Feb 12, 2018). 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. Source: General Dynamics Completes Acquisition of CSRA – April 3, 2018. The combined entity will be one of the largest players in the government technology market. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. The transaction is valued at $9.6 billion. 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. Secure Your Sponsorship Today! Acquirer: General Dynamics (NYSE:GD) Target: CSRA (NYSE: CSRA) Estimated value: $9.6 Bn. CSRA CSRA provides a range of IT solutions and professional services, including safety, health, and security to their customers. Write CSS OR LESS and hit save. “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's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. General Dynamics will buy all outstanding shares of CSRA for $40.75 in cash for a total of $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 officer of General Dynamics. Summary. General Dynamics believes this acquisition will help it to provide lower cost internet technology solutions. 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. 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.. 92 in the 2019 Fortune 500 list of the largest United States corporations by total revenue. 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. Boeing's Troubled 737 MAX: Poised for a Comeback? Save. Notify me of follow-up comments by email. According to GD, the transaction is expected to add to GAAP earnings per share and to free cash flow per share next year. 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. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … 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. General Dynamics has completed its acquisition of CSRA Inc. 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. 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. General Dynamics has completed its acquisition of CSRA Inc. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. 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 (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). 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. 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. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … "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 transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. CSRA's shares jumped … You make it your own by embracing autonomy, seizing opportunity, and being trusted to deliver your best every day. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: 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 of General Dynamics. The company was headquartered in Falls Church, Virginia, and had offices in multiple states. “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. Acquiring Organization: General Dynamics General Dynamics is a defense industry contractor for shipbuilding, marine, combat and defense systems and, munitions. General Dynamics has acquired CSRA, a provider of technology and cybersecurity solutions for government. The company ranked No. 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. 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. 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 generate estimated annual pre-tax cost savings of approximately 2% of the combined company’s revenue by 2020. On Febru… General Dynamics acquires CSRA on 2018-02-12 for $6800000000. The transaction is valued at approximately $9.7 billion. 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