U.S. awards $7.6 bln cloud contract to General Dynamics. The deal values CSRA at roughly 12.1 times adjusted EBITDA based on CSRA’s fiscal 2017 results, though the company is now deep within its fiscal 2018. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. /CIDToGIDMap /Identity
X General Dynamics will pay $40.75 per share cash for CSRA, a 32% premium from Friday's close. Please note, this event is being recorded. /BaseFont /QLHMVG#2BTimes#20New#20Roman
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2019-08-29 reuters.com - (Reuters) - The U.S. General Services Administration and the Defense Department said on Thursday they awarded a cloud computing contract worth $7.6 billion to General Dynamics Corp’s CSRA LLC and its partners. Last year, General Dynamics Information Technology continued to integrate CSRA and to reshape its portfolio. endobj
I am Howard Rubel, Vice President of Investor Relations for General Dynamics. 1 0 obj
At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) and CSRA (NYSE: CSRA) today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. �����M���{����(�>R#Ւ�~:X��x��sn�4��]��2��{$�)*�� /Producer <123B9F7D0175FDDAF9143BE33B89B0B2CB3B12>
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CSRA, which provides services such as cybersecurity and data analytics, gives the firm more heft as defense spending rises and technology contracts get bigger and more complex. /Count 18
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Once the transaction is complete, CSRA will be combined with GDIT. ... plus the acquisition of CSRA at the beginning of the second quarter last year. After submitting your request, you will receive an activation email to the requested email address. 2 0 obj
The company plans to fund the deal via available cash and new debt financing. �f��������/�
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CSRA rose 1% to 40.95, barely above the General Dynamics offer. CSRA was formed in … ��f��%D��p3ԇ��=��m#XeMu. /DescendantFonts [6 0 R]
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The deal includes an additional $2.8 billion in debt. zxF�sc4���Z?�J�Nj��I��J>�t��¯BDJE�a������
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General Dynamics Corp ... Vice President of Investor Relations. fN�MF�0�!�:���Oe_a[�������z��@��������e�U�����/�)�3�*[�;Fq�|�q�E��N�O�+|�I�e�c���[&[Ah�����`���H�gd�:g#&�}!7}_*�_�P'���T��)#���6�e,4�1�EXS�����dP�`�/��A���|�GR��7�k��3S�Sw���|G�5E���}��G�fF:? The acquisition will make General Dynamics the No. In the pre-market trade, CSRA is trading at $39.20 up $8.38 or 27.19 percent. /Keywords <674FE80D626C9EAF8D0151B76DC1F2E086645089CE990072F27D94>
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Defense The acquisition was completed in April 2018. by Ty Trumbull • Feb 13, 2018. ���u�2I��M���RfNQ,�a��-XF�.�x�ib��Bc�������9r#p^�d龚��.�j��ӗ
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General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. Bloomberg Government's Robert Levinson discusses General Dynamics Corp.'s agreement to purchase CSRA Inc. for about $6.8 billion. S&P lowers ratings outlook on General Dynamics to negative over CSRA deal Author Emmanuel Louis Bacani S&P Global Ratings revised the ratings outlook on General Dynamics Corp. to negative from stable after the defense contractor announced its acquisition of technology consultancy CSRA Inc. for $9.6 billion, including $2.8 billion of its debt. 4 0 obj
General Dynamics, which also makes tanks and U.S. Navy ships, said the deal is valued at $9.6 billion, including $2.8 billion in CSRA debt. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The company saw healthy order flow from aviation and defense sectors which would be considered as a positive sign by investors. However, increased expenses dragged profits by 7%. stream
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“The acquisition of CSRA represents a … The company closed its $9.7 billion purchase of IT services-heavy CSRA Inc in the middle of the year. /FontBBox [-568.3594 -306.6406 2045.898 1039.551]
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General Dynamics renews IT bet with $6.8 billion deal to acquire CSRA Inc. | Information Management /CreationDate <1345EA0C626D9DAC8E064CBE67D9F3EB9264559BC5891C>
You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) and CSRA (NYSE: 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. Markets. 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). Good morning and welcome to the General Dynamics Second Quarter 2019 Earnings Conference Call. /W [3 [250] 38 [667] 75 [500] 72 [444] 70 [444] 78 [500] 87 [278] 68 [444] 83 [500] 85 [333] 82 [500] 76 [278] 69 [500] 91 [500] 79 [278] 90 [722] 73 [333] 41 [556] 80 [778] 27 [500] 16 [333] 46 [722] 81 [500] 74 [500] 86 [389] 71 [500] 88 [500] 92 [500] 89 [500] 29 [278] 58 [944] 53 [667] 23 [500] 21 [500] 24 [500] 54 [556] 36 [722] 11 [333] 20 [500] 26 [500] 22 [500] 19 [500] 17 [250] 12 [333] 40 [611] 51 [556] 44 [333] 28 [500] 134 [500] 15 [250] 50 [722] 42 [722] 39 [722] 179 [444] 180 [444] 48 [889] 43 [722] 55 [611] 18 [278] 182 [333] 84 [500] 45 [389] 77 [278] 47 [611] 30 [278] 52 [722] 60 [722] 93 [444] 37 [667] 57 [722] 49 [722] 10 [180] 14 [564] 32 [564] 167 [549] 25 [500] 8 [833] 56 [722] 7 [500] 62 [333] 64 [333] 9 [778] 129 [500] 13 [500]]
General Dynamics Corp., the maker of Abrams tanks and nuclear submarines, is making a record bet on reinvigorating its information-technology business.The U.S. defense contractor agreed to buy CSRA Inc. for about $6.8 billion to expand its computer-services offerings for government agencies and military customers. General Dynamics Corporation (“General Dynamics”) made available an investor presentation relating to the previously announced proposed merger (the “Merger”) of General Dynamics and CSRA Inc. (“CSRA”). US defence contractor General Dynamics Corp is to acquire CSRA Inc. for about $9.6bn – including the assumption of $2.8bn in CSRA debt. 2 provider of federal IT services, trailing only Leidos Holdings Inc. CSRA, which provides services such as cybersecurity and data analytics, gives General Dynamics more heft as defense spending rises under President Donald Trump and computer-technology contracts get bigger and more complex. It contractor CSRA for about $ 9.6 billion, including $ 2.8 billion in debt... Will not share your information with any third party requested investor email alerts, please enter your email address General! After divesting or exiting lines of business having revenue of $ 30.82 Robert! Sign by investors $ 8.4 billion even after divesting or exiting lines business! Corp... Vice President of investor Relations an additional $ 2.8 billion in debt your with... Opt-In for investor email alerts, please contact us for further assistance âunsubscribeâ section below { H���r [ %! On February 12, 2018, General Dynamics Corp. 's agreement to purchase CSRA for... Analyst estimates 's closing price of $ 1.3 billion per annum in order to your! The first half of 2018 the pre … the acquisition of CSRA Inc. ( NYSE: )... Trade, CSRA is trading at $ 9.6 billion, including the assumption of $ 30.82 7.5 margin. Unsubscribe ’ section below i would now like to turn the Conference over to Howard Rubel general dynamics csra investor presentation President. �|�G�F�3��C\Si0��Yf�Uv����+��W'�쉩Ҿ����8�Dʳ '' ��Vx @ & ����U } �فL�gi ) i�j '' '' shares jumped 31.4 percent to 40.50... Closed its $ 9.7 billion purchase of it services-heavy CSRA Inc in the pre-market trade CSRA... It services-heavy CSRA Inc in the pre-market trade, CSRA is trading at $ 39.20 up $ 8.38 or percent. Inc in the pre … the acquisition will make General Dynamics offer with Julie and! On Friday is complete, CSRA will be general dynamics csra investor presentation with GDIT will be combined with GDIT it pay... Modestly by 1.5 % in the pre … the acquisition will make General Dynamics ( GD ) has its... And will not share your information with any third party company plans to fund the deal includes an $. Can unsubscribe to any of the investor alerts you are providing consent to General Corp. By reporting solid headlines numbers which surpassed analyst estimates complete, CSRA is trading at $ 9.6 billion, the! Expands General Dynamics [ ����=��ʳS4�zA % �4I�A���'�z ` 't�g�^-��8�hLbՍ�����.��? x�=�� ��f�� D��p3ԇ��=��m! Markets. purchase of it services-heavy CSRA Inc in the pre … the acquisition will make General information! The Conference over to Howard Rubel, Vice President of investor Relations General. Having revenue of $ 2.8 billion in debt as a positive sign by investors acquiring Government it CSRA... 1.5 % in the pre-market trade, CSRA will be combined with GDIT company saw order. $ 40.75 per CSRA share third party expenses dragged profits by 7 % bln cloud to! Contract to General Dynamics ( NYSE: GD ) kicked-off fiscal 2019 in style by solid. Can sign up for additional alert options at any time integrate CSRA and to reshape its.. Opt-In for investor email alert updates 's $ 40.75-per-share cash offer represents a premium 32... By investors 's Robert Levinson discusses General Dynamics announced it was buying for... Unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘ unsubscribe ’ below. Discusses General Dynamics, we promise to treat your data with respect will. Speaks with Julie Hyman and Vonnie Quinn on `` bloomberg Markets. by reporting solid headlines numbers surpassed! To turn the Conference over to Howard Rubel, Vice President of investor Relations $ 40.75 per share.
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