April 02, 2018. General Dynamics (GD) offers products and services in business aviation, including combat vehicles, weapons systems, munitions and shipbuilding. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase 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.” 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. Save. 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. 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 acquired by General Dynamics. 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 … CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. The proposal announced Sunday includes a combination of CACI common stock and cash, totaling $44 per share ($29 CACI stock, plus $15 cash). 92 in the 2019 Fortune 500 list of the largest United States corporations by total revenue. 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. This is General Dynamics’ biggest acquisition to date; the previous record-setter was 20 years ago, when General Dynamics purchased jet-maker Gulfstream. CSRA is now part of General Dynamics Information Technology. 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WASHINGTON – General Dynamics has completed a roughly $9.7 billion acquisition of IT services giant CSRA. CSRA provides services in support of … General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. The company was headquartered in Falls Church, Virginia, and had offices in multiple states. CSRA's website says it will be acquired by General Dynamics. General Dynamics has completed its acquisition of CSRA Inc. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Write CSS OR LESS and hit save. Notify me of follow-up comments by email. 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. 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. CSRA's shares jumped … General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Source: General Dynamics Completes Acquisition of CSRA – April 3, 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. Transaction Overview . General Dynamics has completed its acquisition of CSRA Inc. Including the assumption of debt, the deal is worth $9.6 billion CSRA's shares jumped … "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. General Dynamics has completed its acquisition of CSRA Inc. CSRA is now officially a part of General Dynamics Information Technology. General Dynamics has completed its acquisition of CSRA Inc. Target Advisors: Evercore and Macquarie Capital. “CSRA’s management team has … “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. You have entered an incorrect email address! Announcement date: 02/18. Summary. Overview. “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 (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). 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. 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. GDIT is your place. FALLS CHURCH, Va. General Dynamics has completed its previously announced acquisition of IT provider CSRA. 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.”, “CSRA is now part of General Dynamics Information Technology. 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 transaction is valued at approximately $9.7 billion. 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. 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. 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, valued at approximately $9.7 billion, is... Resources The transaction is valued at approximately $9.7 billion. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). "The acquisition of CSRA represents … You make it your own by embracing autonomy, seizing opportunity, and being trusted to deliver your best every day. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more The parent company of General Dynamics Information Technology (GDIT) paid $9.7 billion in 2018 for CSRA, approximately doubling the size of the … On Febru… It is headquartered in Reston, Fairfax County, Virginia. General Dynamics has acquired CSRA, a provider of technology and cybersecurity solutions for government. Acquiring Organization: General Dynamics General Dynamics is a defense industry contractor for shipbuilding, marine, combat and defense systems and, munitions. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. CSRA is now part of General Dynamics Information Technology. General Dynamics has completed its acquisition of CSRA. General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. 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 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 … According to GD, the transaction is expected to add to GAAP earnings per share and to free cash flow per share next year. The combined entity will be one of the largest players in the government technology market. 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. /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamics has completed its acquisition of CSRA Inc. 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. The transaction is valued at $9.6 billion. Jackie Gilbert is a Content Analyst for FedHealthIT. The acquisition was completed in April 2018. General Dynamics has completed its acquisition of 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. 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, 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. 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 new business adds almost 1,000 employees to CACI, Ken Asbury, CACI's chief executive, said in a call with analysts today. "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," said Phebe Novakovic, chairman … 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 acquisition of CSRA is General Dynamics' largest ever deal, easily eclipsing the $5.3bn the company paid for Gulfstream Aerospace Corporation in 1999. 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 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. On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. 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. 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. Boeing's Troubled 737 MAX: Poised for a Comeback? General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. 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. – 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. While the historical results were merely backtested, 2018 has gotten off to a tremendous start. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. The combined entity will be one of the largest players in the government technology market. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. 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 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 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 … 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. 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