This uncommon step reflects the need to address influence campaigns against U.S. democracy.
The SIGNAL Blog
Cyber attacks by these nation-states are becoming more aggressive and more dangerous.
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.”
The U.S. military finds itself challenged by peers and near-peers.