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