General Dynamics to acquire CSRA in $9.6 billion deal

By Marjorie Censer / February 12, 2018 at 7:51 AM
General Dynamics announced today it plans to acquire CSRA in a deal valued at $9.6 billion. The transaction -- one of the largest announced in recent years -- marks a significant change for General Dynamics, which has largely stayed away from acquisitions since Phebe Novakovic became chief executive five years ago. Through the deal, General Dynamics Information Technology would be combined with CSRA to create a government IT services behemoth with nearly $10 billion in sales, Novakovic said. CSRA is...

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