General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. General Dynamics has completed its acquisition of CSRA Inc. CSRA is now part of General Dynamics Information Technology. Our company is a premier provider of high-tech IT solutions to the … CSRA Inc. CSRA recently met with rejection regarding the acquisition offer from CACI International Inc CACI, paving the way for General Dynamics' GD … 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 CSRA is now a part of General Dynamics’ IT services business, which now becomes a fifth reportable segment for the defense contractor. General Dynamics said that it will pay $40.75 per CSRA share. CSRA provides information technology services to US government clients in national security, civil government, and health care and public health. CSRA Inc.'s cover photo . 3170 Fairview Park Dr. Falls Church, … 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. 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. General Dynamics Information Technology . Read More Read More about General Dynamics Information Technology Awarded $364 Million Enterprise … CSRA was formed in 2015 through the merger of SRA International and Computer Sciences Government Services. 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. Try D&B Hoovers Free. We are GDIT. 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 … ... CSRA Inc. INDUSTRY. The parent company of General Dynamics … General Dynamics Information Technology and CSRA have united to create the premier provider of high-tech IT solutions to the government IT market. 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. Our role as fiscal agent for the NC Department of Health and … [3] On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. CSRA is now CSRA State and Local Solutions LLC, A General Dynamics Information Technology Company, or simply GDIT. CSRA Inc. - 3170 Fairview Park Dr, Falls Church, VA 22042 - Rated 3.7 based on 10 Reviews "A great place to work! CSRA's shares jumped 31.4 … It was the third-largest government IT and professional services company. 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 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 … CSRA Inc. CSRA was formed in 2015 through the merger of SRA International and Computer Sciences Government Services. CSRA Inc | 25,253 followers on LinkedIn. In 2018 CSRA was acquired by General Dynamics for a total of $9.7 billion in cash and debt. The role of GDIT as fiscal agent for the NCDHHS and, specifically, the NCTracks claims payment system, remains the same. That’s a 32 per cent premium to its Friday closing price of $30.82. GDIT is your place. CSRA Inc. - 3170 Fairview Park Dr, Falls Church, VA 22042 - Rated 3.7 based on 10 Reviews "A great place to work! 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 … You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. M&A ANALYSIS: GENERAL DYNAMICS + CSRA 5 Massive Consolidation in Federal Technology Services Market Continues General Dynamics’ 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 … 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. This combination creates a premier provider of high-tech IT solutions to the government IT market. 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. If you experience any issues with this process, please contact us for further assistance. Come by … 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. CSRA sold its headquarters to B… Copyright 2021 General Dynamics Corporation, We use cookies to enhance your website experience. For additional verification questions, please contact us at Employment_Verifications@gdit.com. Responsible for the day-to-day administration and compliance of company group health, wellness and retirement programs for over 19,000 employees. Every day CSRA brings next generation thinking, delivered today. 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. 481 were here. The deal includes an additional $2.8 billion in debt. CSRA was formed in … Combined General Dynamics + CSRA and Top 15 Technology Services Vendors, FY14 - FY17. General Dynamics (CSRA/ARC-P Cloud) is one of only four DHS authorized cloud providers. CSRA Inc. provided information technology services to U.S. government clients in national security, civil government, and health care and public health. 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." Leading aerospace contractor General Dynamics (GD) finally completed the acquisition of CSRA Inc. (CSRA) Tuesday, putting speculations to rest. Legacy CSRA Employer Code is 1 7 8 6 8 Social Service requestors: please call The Work Number at 1-800-660-3399. Learn more now: 04/03/2018 . In 2018 CSRA was acquired by General Dynamics for a total of $9.7 billion in cash and debt. 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 $9.7 billion epic buyout offer. Try D&B Hoovers Free The company was acquired by … BREAKING NEWS: General Dynamics Completes Acquisition of CSRA. The company was acquired by General Dynamics in 2018. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. 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. (“CSRA” or the “Company”) (NYSE: CSRA) in connection with the proposed acquisition of the Company by defense contractor 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. 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 … 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. CSRA, the 39th largest defense contractor on the annual Defense News Top 100 list, will now become part of General Dynamics Information Technology. ANTHONY J. TRENGA, District Judge.. 481 were here. Industrial Products. 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). CSRA Inc. 03/28/2018 . [5][6][7] The acquisition was completed in April 2018. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Corporation Subsidiary. General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamics is a global aerospace and defense company. MEMORANDUM OPINION AND ORDER. On this page. General Dynamics’ big investment two years ago – which roughly doubled the size of its information technology business – 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.. You make it your own by embracing autonomy, seizing opportunity, and being trusted to deliver your best … CSRA provides information technology services to US government clients in national security, civil government, and health care and public health. General Dynamics has completed its acquisition of CSRA Inc. CACI … Read More Read More about General Dynamics awarded $761 million GSA contract for U.S. Southern Command cyber modernization. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. CSRA is now CSRA State and Local Solutions LLC, A General Dynamics Information Technology Company, or simply GDIT. CSRA Inc.'s cover photo . Address. 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. Nuclear submarine maker General Dynamics' (GD) proposal to take over CSRA Inc. (CSRA) is not going as smoothly as it hoped for. The company was headquartered in Falls Church, Virginia, and had offices in multiple states. [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. By continuing to visit this site, you agree to our use of cookies. 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 people supporting some of the most complex government, defense, and intelligence projects across the country. 04/03/2018 . [4] CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. 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 “prevent unlawful travel and trade”. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. On April 2, 2018, General Dynamics acquired CSRA Inc., making CSRA a part of General Dynamics Information Technology. ... General Dynamics Corp. Jason W Aiken. 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. Its largest market, national security, included the Department of Defense, Homeland Security, U.S. Army, U.S. Air Force, and intelligence agencies. CSRA operates two segments based on its customer type: Defense and Intelligence, and Civil. About GD. Report directly to the VP of Total Rewards. This combination creates a premier provider of high-tech IT solutions to the government IT market. I am Howard Rubel, Vice President of Investor Relations for General Dynamics. Jason W Aiken is Senior VP/CFO at General Dynamics Corp. See Jason W Aiken's compensation, career history, education, & memberships. ... CSRA Inc. and the Louisiana Job Connection team are at the #sxsw job market right now! [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. If you experience any issues with this process, please contact us for further assistance. General Dynamics Information Technology . The deal folds CSRA into General Dynamics’ information systems and technology business, which is its largest unit, and also provides combat software and combat-ready computing equipment. 32 percent to CSRA stock 's closing price of $ 30.82 for further.... [ 8 ], CSRA is now part of General Dynamics Information Technology team are at #. €¦ October 13, 2020 ; company Profile services Vendors, FY14 FY17! Dynamics Information Technology services to us government clients in national security, civil government, and Intelligence, had! 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