FALLS CHURCH, Va. – General Dynamics and CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. 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. 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In mid-March, the once-private bidding war for CSRA came became public after CACI International announced a $7.2 billion cash-and-stock offer that sought to … 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 is now officially a part of General Dynamics Information Technology. CSRA. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. Notify me of follow-up comments by email. 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 to Acquire CSRA for $9.6 Billion, (Source: General Dynamics; issued Feb 12, 2018). Write CSS OR LESS and hit save. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. General Dynamics has completed its acquisition of CSRA. General Dynamics has completed its acquisition of CSRA Inc. General Dynamics acquires CSRA on 2018-02-12 for $6800000000. Under the terms of the agreement, which has been unanimously approved by the boards of both companies, a subsidiary of General Dynamics will commence a … Summary. General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. Advocates and Skeptics For CSRA’s part, the deal represents a positive outcome for stockholders. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamics will acquire all outstanding shares in CSRA for $40.75 in a transaction valued at $9.6 billion, which includes the assumption of $2.8 billion in CSRA debt. 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. The transaction is valued at approximately $9.7 billion. "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," said Phebe Novakovic, chairman … /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Acquiring Organization: General Dynamics General Dynamics is a defense industry contractor for shipbuilding, marine, combat and defense systems and, munitions. Apply now and own your career. Acquirer: General Dynamics (NYSE:GD) Target: CSRA (NYSE: CSRA) Estimated value: $9.6 Bn. General Dynamics (GD) has acquired federal information technology services provider CSRA in a $9.7bn all-cash deal. Boeing's Troubled 737 MAX: Poised for a Comeback? General Dynamics has completed its acquisition of CSRA Inc. employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. 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. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). As of 2019, it was the fifth-largest defense contractor in the United States, and the sixth-largest in the world, by sales. 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