Announced
Completed
Financials
Sources
Agreement and plan of merger
General Dynamics -
Agreement and plan of merger
General Dynamics -
Press release
General Dynamics -
Press release
General Dynamics -
SEC filling
General Dynamics -
Press release
General Dynamics -
Press release
General Dynamics -
Investor presentation
General Dynamics -
Press release
General Dynamics -
Tags
digital services
data analytics
cyber security
IT Services: Other
United States
Public
Acquisition
Completed
Friendly
Single Bidder
Majority
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.