General Dynamics completed the acqusition of CSRA for $9.6bn.

General Dynamics, an American aerospace and defense corporation, completed the acqusition of CSRA, an IT solutions and professional services provider, for $9.6bn. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT. CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. We see substantial opportunities to provide cost-effective IT solutions and services to the Department of Defense, the intelligence community and federal civilian agencies. The combination enables GDIT to grow revenue and profits at an accelerated rate. It will allow us to deliver even more innovative, leading-edge solutions to our customers,” Phebe Novakovic, chairman and chief executive officer of General Dynamics.