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 /Registry <2E24CF26C3> ���ٙHBD,&ձ�u��\�DF\��_�L;sþ���ԓ�j��R�Id���̥,�YB�� 0K�t�wڞ��0���D�_P������\*�\7��)��� �^W���G�K��(W�C�����vӗ�s��� /ItalicAngle 0 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> /Subtype /CIDFontType2 5 0 obj /Descent -216.3086 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 Please go ahead sir. CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. << /Author <123B9F7D0175E2F0D35D12E379CCA3F3DB3D16D586D0543CEA3FB99F5762BD26F0C057A0D65B3F95F17ADDDF5856E74DE68544451EA9FF5C9D> 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��������/� .Ix�������3.E�dZ-E�?Z@�ȧ q�S�N��&�Y���0��6�Y��;�C�v���D.�J�f���n-�������2q |T(L�o�hpu�ͮ[P�I,�-����Q��ٱ�z��R{K���ow�*h�䏗=���Ƽ��7��a����'��|��j�¼KN��+�3�a�l?���^H��:�#�]�>1�^�]���֯��*�/[���ש S���� ��h|W�ne�(�+58���ܰ"2(�Ke{h}�̝��^�τ����e������ �X��5�����hz��b(Z�������i��wc]t���Q��&���ۉ�w�T�wP7����`����Q�3�,�+����j}ՑJ�4?�ϋ2����UL�*O)�Wr���q����y_�W�[�@ �(G�4�+��ĭ�.��R;/�t ]iEu! /Supplement 0 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] << /Length 2007 >> << /Filter /FlateDecode /Length 47176 >> {H���r[����=��ʳS4�zA%�4I�A���'�z`'t�g�^-��8�hLbՍ�����.��?x�=�� ��T?��%w�Mx����g The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. /Encoding /Identity#2DH The deal includes an additional $2.8 billion in debt. zxF�sc4���Z?�J�Nj��I��J>�t��¯BDJE�a������ ��V���DN�3� ���ȰCWO�=�(D��Y"F��9A���UM��K�~s\�R/v��1I ��&�� k�o�ٗg=>�����l �N� ��f��o�>a�\��g[�#r��E��h� ��N�}E[�^ L����m6"��D�L�h�d_Q?��KD���mU}���6�j@��? >> endobj 6 0 obj endobj 7 0 obj 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> He speaks with Julie Hyman and Vonnie Quinn on "Bloomberg Markets." /BaseFont /QLHMVG#2BTimes#20New#20Roman 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 ��v�|A�&���˼� %�÷�I����̽#�y/�}M���튅 * {����l���>���| H#upq)�t��@�ܣ�O�����m�Շ�1>���t5�:��[:����3x2�8L@S����e��3%v�� /CapHeight 662.1094 endobj 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 $2.8 billion in CSRA debt. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The company saw healthy order flow from aviation and defense sectors which would be considered as a positive sign by investors. However, increased expenses dragged profits by 7%. stream /XHeight 447.2656 /Ascent 891.1133 (�x�y.5#]�%��/��q�/*���[��um�Q�;�iY6��E9D�*��'�@��v:uA��'�У����ߵ��u��@��{,����U�Y�q� �nM�m:$���6g���7�Y(�z�0�Х,�x]C�Yz�@��#.��{di�v��$߸�OQG'qwݧ?�p�\�� T!����NU���p�ԟE�*=�*�W{���Җ�jbSخ��z�FA��Z�jϲw����(ØU�~�}z����u���|D�p��:'>걘��d�D\y�R�%�e�~��';����$ ֛r]d�J�t�\a�˽��]�Ɠ�E�O�kxy��I� .��w���&u�z)jt"G;Z�tyM��/vNL���6Zq���7J�/8�}%�����LA|P�W&9�q�]A�gUTኰ�Y�,͈}5l�b��.�?X`��䔾� If you experience any issues with … :��`��U “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] >> endstream 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! 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