Rear Adm. Randy B. Crites, USN, will be assigned as deputy assistant secretary of the Navy for Budget (FMB), and director, Fiscal Management Division, N-82, Office of the Chief of Naval Operations, Washington, D.C.
Rear Adm. Lisa M. Franchetti, USN, has been nominated for appointment to the rank of vice admiral and for assignment as commander, 6th Fleet; commander, Task Force 6; commander, Striking and Support Forces NATO; deputy commander, U.S. Naval Forces Europe; deputy commander, U.S. Naval Forces Africa; and Joint Force Maritime Component commander Europe, Naples, Italy.
Brig. Gen. Stephen L. Davis, USAF, as been selected for the grade of major general and assigned as director, operations and communications, Headquarters Air Force Global Strike Command, Barksdale Air Force Base, Louisiana.
With an view of becoming a premier provider of high-tech information technology solutions to government technology services market, Geneal Dynamics announced on Feb. 12 that it is purchasing CSRA. "With approximately $9.9 billion in revenue and strong double-digit EBITDA [earnings before interest, taxes, depreciation, and amoritization] margins, the combined General Dynamics Information Technology (GDIT) and CSRA is well-positioned to serve its customers’ current and evolving mission requirements," General Dynamics stated. Under an agreement reached by the two companies, General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash, in a transaction valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. “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’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. We see substantial opportunities to provide cost-effective IT solutions and services to the Department of Defense, the intelligence community and federal civilian agencies. The combination enables GDIT to grow revenue and profits at an accelerated rate. It will allow us to deliver even more innovative, leading-edge solutions to our customers.”