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 ⦠FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA).The transaction, valued at ⦠CSRA Inc.'s cover photo . 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 deal includes an additional $2.8 billion in debt. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). CSRA was formed in ⦠... CSRA Inc. INDUSTRY. BREAKING NEWS: General Dynamics Completes Acquisition of CSRA. If General Dynamicsâ $9.7 billion acquisition of CSRA goes forward, the company will be the federal governmentâs largest technology services provider by a wide margin. 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 people supporting some of the most complex government, defense, and intelligence projects across the country. General Dynamics has completed its acquisition of CSRA Inc. Learn More, General Dynamics awarded $4.6 billion U.S. Army contract for latest configuration of Abrams Main Battle Tanks, General Dynamics Information Technology Awarded $241 Million Multi-Cloud Contract by Centers for Medicare and Medicaid Services. By continuing to visit this site, you agree to our use of cookies. General Dynamics, by comparison, is up 50% over the past three years, and government IT rivals Science Applications International and CACI are up 92.9% and 69.7%, respectively. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). CSRA Inc. CSRA recently met with rejection regarding the acquisition offer from CACI International Inc CACI, paving the way for General Dynamics' GD ⦠M&A ANALYSIS: GENERAL DYNAMICS + CSRA 5 Massive Consolidation in Federal Technology Services Market Continues General Dynamicsâ move to gain market share in the Federal Technology Services market by acquiring CSRA is the latest in a series of high profile mergers and acquisitions in the ⦠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. [3], CSRA was formed through a merger of CSC's North American Public Sector business and SRA International (formerly Systems Research and Applications Corporation) on November 30, 2015, and the company began trading on the New York Stock Exchange under the stock symbol CSRA. On April 2, 2018, General Dynamics acquired CSRA Inc., making CSRA a part of General Dynamics Information Technology. Why General Dynamics says it needs to go so big with its CSRA bid General Dynamics to acquire CSRA in $9.6B deal What 2 earnings calls reveal about the federal contracting market Read More Read More about General Dynamics Information Technology Awarded $364 Million Enterprise ⦠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 ⦠If you experience any issues with this process, please contact us for further assistance. Please note, this event is being recorded. On April 2, 2018, General Dynamics Information Technology acquired CSRA Inc.CSRA is now "CSRA State and Local Solutions LLC, A General Dynamics Information Technology Company," or simply "GDIT." The company was acquired by ⦠Report directly to the VP of Total Rewards. The transaction, one of the biggest the corporate world has witnessed in recent times, marks the end of a fiercely-fought bidding war and establishes General Dynamics as a leading IT contractor for government projects. 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 ⦠CACI ⦠If you experience any issues with this process, please contact us for further assistance. CSRA operates two segments based on its customer type: Defense and Intelligence, and Civil. CSRA was formed through a merger of CSC's North American Public Sector business and SRA International (formerly Systems Research and Applications Corporation) on November 30, 2015, and the company began trading on the New York Stock Exchange under the stock symbol CSRA. [3] On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. CSRA is cautioning members of the public, particularly those in the job market, to be on the lookout for fraudulent activity targeting prospective job applicants. CSRA Inc. 03/28/2018 . General Dynamics is a global aerospace and defense company. 481 were here. Leidos Holdings Inc. and ahead of Booz Allen Hamilton Holding Corp., according to a Feb. 12 General Dynamics presentation based on 2018 estimated revenues. ... General Dynamics Corp. Jason W Aiken. 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 ⦠Our role as fiscal agent for the NC Department of Health and ⦠CSRA is now a part of General Dynamicsâ IT services business, which now becomes a fifth reportable segment for the defense contractor. The role of GDIT as fiscal agent for the NCDHHS and, specifically, the NCTracks claims payment system, remains ⦠CSRA, the 39th largest defense contractor on the annual Defense News Top 100 list, will now become part of General Dynamics Information Technology. ... CSRA Inc. and the Louisiana Job Connection team are at the #sxsw job market right now! This combination creates a premier provider of high-tech IT solutions to the government IT market. 481 were here. CSRA Inc. provided information technology services to U.S. government clients in national security, civil government, and health care and public health. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the âunsubscribeâ section below. Following its acquisition by General Dynamics Corporation ("GDC"), effective April 3, 2018, Defendant CSRA Inc. ("CSRA") became operationally integrated into General Dynamics Information Technology, Inc. ("GDIT"), a ⦠Responsible for the day-to-day administration and compliance of company group health, wellness and retirement programs for over 19,000 employees. CSRA is now CSRA State and Local Solutions LLC, A General Dynamics Information Technology Company, or simply GDIT. General Dynamics has completed its acquisition of CSRA Inc. ANTHONY J. TRENGA, District Judge.. You make it your own by embracing autonomy, seizing opportunity, and being trusted to deliver your best ⦠CSRA is now part of General Dynamics Information Technology. Legacy CSRA Employer Code is 1 7 8 6 8 Social Service requestors: please call The Work Number at 1-800-660-3399. Primär 3170 Fairview Park Drive Falls Church, VA 22042, US Wegbeschreibung 1795 Jet Wing Drive CSRA Inc. - 3170 Fairview Park Dr, Falls Church, VA 22042 - Rated 3.7 based on 10 Reviews "A great place to work! CSRA is now part of General Dynamics Information Technology. CSRA provides information technology services to US government clients in national security, civil government, and health care and public health. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamicsâ big investment two years ago â which roughly doubled the size of its information technology business â appears to be paying hefty dividends based on a recent string of prominent Federal government contract wins, and a look into financial results the company released late last month.. CSRA Inc. CSRA was formed in 2015 through the merger of SRA International and Computer Sciences Government Services. Learn more now: 04/03/2018 . The General Dynamics-CSRA deal's total value comes out to $9.7 billion when including the $2.8 billion in CSRA debt that GD now assumes. Nuclear submarine maker General Dynamics' (GD) proposal to take over CSRA Inc. (CSRA) is not going as smoothly as it hoped for. CSRA Acquisition by General Dynamics Transforms Technology Services Landscape The combination of General Dynamics and CSRA will create the new market leader for Federal Technology Services. Combined General Dynamics + CSRA and Top 15 Technology Services Vendors, FY14 - FY17. Beyond these major contracts, CSRA has been supporting other DHS sub-agencies including a $45 million contract in 2016 through 2019 to advise US Customs and Border Protections (CBP) on effective equipment in order to âprevent unlawful travel and tradeâ. The transaction, one of the biggest the corporate world has witnessed in recent times, marks the end of a fiercely-fought bidding war and establishes General Dynamics ⦠Stock analysis for CSRA Inc (CSRA) including stock price, stock chart, company news, key statistics, fundamentals and company profile. [8], CSRA is now part of General Dynamics Information Technology. In 2018 CSRA was acquired by General Dynamics for a total of $9.7 billion in cash and 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. CSRA Inc | 25,253 followers on LinkedIn. WeissLaw LLP Investigates CSRA Inc. Acquisition WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of CSRA Inc. (âCSRAâ or the âCompanyâ) (NYSE: CSRA) in connection with the proposed acquisition of the Company by defense contractor General Dynamics. About GD. General Dynamics Information Technology . Good morning, and welcome to the General Dynamics conference call and presentation regarding the acquisition of CSRA, Inc. All participants on the phone will be in listen only mode. The company was acquired by General Dynamics in 2018. Try D&B Hoovers Free. This combination creates a premier provider of high-tech IT solutions to the government IT market. General Dynamics Information Technology and CSRA have united to create the premier provider of high-tech IT solutions to the government IT market. [5][6][7] The acquisition was completed in April 2018. On April 2, 2018, General Dynamics acquired CSRA Inc., making CSRA a part of General Dynamics Information Technology. The company was headquartered in Falls Church, Virginia, and had offices in multiple states. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the âunsubscribeâ section below. CSRA is now CSRA State and Local Solutions LLC, A General Dynamics Information Technology Company, or simply GDIT. I am Howard Rubel, Vice President of Investor Relations for General Dynamics. The way we work together is as important as the mission-critical work that we do. If General Dynamicsâ $9.7 billion acquisition of CSRA goes forward, the company will be the federal governmentâs largest technology services provider by a wide margin. General Dynamics (CSRA/ARC-P Cloud) is one of only four DHS authorized cloud providers. Leading aerospace contractor General Dynamics (GD) finally completed the acquisition of CSRA Inc. (CSRA) Tuesday, putting speculations to rest. 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 companyâs revenue by 2020. Our everyday heroes demonstrate a shared commitment to our culture elements of Accountability, Curiosity and Learning, Our company is a premier provider of high-tech IT solutions to the government IT market. General Dynamics Information Technology and CSRA have united to create the premier provider of high-tech IT solutions to the government IT market. [4] CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. Corporation Subsidiary. General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. CSRA sold its headquarters to B⦠At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. CSRA Inc. go to CSRA Inc.'s website. CSRA provides information technology services to US government clients in national security, civil government, and health care and public health. Industrial Products. GDIT is your place. Leading aerospace contractor General Dynamics (GD) finally completed the acquisition of CSRA Inc. (CSRA) Tuesday, putting speculations to rest. Its largest market, national security, included the Department of Defense, Homeland Security, U.S. Army, U.S. Air Force, and intelligence agencies. In 2018 CSRA was acquired by General Dynamics for a total of $9.7 billion in cash and debt. - CSRA Inc. and General Dynamics will fully divest SEABU and its associated systems engineering, acquisition, and mission support for NAVSEA to a third party as soon as possible to avoid OCIs. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. The deal folds CSRA into General Dynamicsâ information systems and technology business, which is its largest unit, and also provides combat software and combat-ready computing equipment. MEMORANDUM OPINION AND ORDER. Learn more now: 04/03/2018 . CSRA Inc. - 3170 Fairview Park Dr, Falls Church, VA 22042 - Rated 3.7 based on 10 Reviews "A great place to work! From Gulfstream business jets and combat vehicles to nuclear-powered submarines and communications systems, people around the world depend on our products and services for their safety and security. General Dynamics Information Technology Awarded $364 Million Enterprise IT Contract by GSA General Dynamics Information Technology ⦠October 13, 2020. Come by ⦠CSRA was formed in 2015 through the merger of SRA International and Computer Sciences Government Services. [9], Executive VP, General Counsel & Corporate Secretary, "CSRA completes sale-leaseback of Falls Church HQ", "General Dynamics buying CSRA for about $6.8 billion", "General Dynamics to buy government IT contractor CSRA for $6.8 billion", "General Dynamics Buying CSRA for $6.8 Billion", "General Dynamics Completes Acquisition of CSRA | General Dynamics", "General Dynamics Completes Acquisition of CSRA", https://en.wikipedia.org/w/index.php?title=CSRA_Inc.&oldid=996120249, Companies based in Fairfax County, Virginia, Companies formerly listed on the New York Stock Exchange, Technology companies disestablished in 2018, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 December 2020, at 17:18. On this page. Thatâs a 32 per cent premium to its Friday closing price of $30.82. For additional verification questions, please contact us at Employment_Verifications@gdit.com. Jason W Aiken is Senior VP/CFO at General Dynamics Corp. See Jason W Aiken's compensation, career history, education, & memberships. Financial Statements; Credit Reports; Top Competitors; Company Snapshot; Related Companies; Available Contacts; Industry Information; Company Profile. CSRA Inc.'s cover photo . General Dynamics Information Technology . The parent company of General Dynamics ⦠Read More Read More about General Dynamics awarded $761 million GSA contract for U.S. Southern Command cyber modernization. Every day CSRA brings next generation thinking, delivered today. General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Try D&B Hoovers Free BREAKING NEWS: General Dynamics Completes Acquisition of CSRA. On April 2, 2018, General Dynamics Information Technology acquired CSRA Inc. CSRA is now "CSRA State and Local Solutions LLC, A General Dynamics Information Technology Company," or simply "GDIT." 3170 Fairview Park Dr. Falls Church, ⦠It was the third-largest government IT and professional services company. The company was headquartered in Falls Church, Virginia, and had offices in multiple states. CSRA Inc. CSRA recently met with rejection regarding the acquisition offer from CACI International Inc CACI, paving the way for General Dynamics' GD $9.7 billion epic buyout offer. Address. CSRA's shares jumped 31.4 ⦠CURRENT PRICE. We are GDIT. Copyright 2021 General Dynamics Corporation, We use cookies to enhance your website experience. The role of GDIT as fiscal agent for the NCDHHS and, specifically, the NCTracks claims payment system, remains the same. Every day CSRA brings next generation thinking, delivered today. 04/03/2018 . Our company is a premier provider of high-tech IT solutions to the ⦠General Dynamics said that it will pay $40.75 per CSRA share. 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