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General Dynamics completes acquisition of CSRA

Published 04/03/2018, 04:36 PM
Updated 04/03/2018, 04:36 PM
© Reuters.  General Dynamics completes acquisition of CSRA
  • General Dynamics (NYSE:GD) says it completed its purchase of CSRA Inc. in a deal valued at ~$9.7B and will become part of General Dynamics Information Technology.
  • GD expects the deal to be accretive to EPS and to free cash flow per share in 2019 as well as generate estimated annual pre-tax cost savings of ~2% of the combined company's revenue by 2020.
  • The news comes a week after CACI International backed off a bidding war with GD by pulling its offer for CSRA.
  • Now read: General Dynamics: What's The 2018 Dividend Raise?


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