This news is classified in: Defense Aerospace Cyber Defense / IT
Apr 6, 2018
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. This combination creates a premier provider of high-tech IT solutions to the government IT market.
“The combined CSRA and GDIT offers innovative, competitive and compelling solutions to our customers, and provides attractive free cash flow coupled with good incremental return on capital for investors,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. “GDIT is positioned to deliver cost-effective, next-generation IT solutions and services to the Department of Defense, the intelligence community and federal civilian agencies as they modernize their information systems.”
Forecasts by Deployment Mode (Cloud-based, On-premise), by Component (Hardware, Software, Services), by End-user (Army, Navy, Air Force, Cyber Commands), by Security Type (Network Security, Endpoint Security, Application Security, Cloud-based Security, Data Security), by Solutions (Threat Intelligence and Response Management, Identity and Access Management (IAM), Intrusion Detection and Prevention Systems (IDPS), Security Information and Event Management (SIEM), Firewall, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis
Download free sample pagesAs a result of the closing of the acquisition, General Dynamics intends to cause all shares of CSRA common stock to be delisted from the NYSE, and CSRA will no longer have reporting obligations under the Securities Exchange Act of 1934.
