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Govini Report: Federal Investment in Space, Hypersonic Tech Hit $83B in FY 2011-2017

A Govini report says U.S. government investments in space and hypersonic technologies from fiscal years 2011 through 2017 reached approximately $83 billion and annual government spending on such platforms rose by 6 percent over the period, SpaceNews reported Sunday. United Launch Alliance ranked first in the top 15 vendors list …

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General Dynamics adds former CSRA execs to combined organization’s leadership team

General Dynamics (NYSE: GD) has named five former CSRA executives to its information technology business’ leadership team after it completed its approximately $9.7 billion acquisition of the Falls Church, Virginia-based government IT services contractor early this month, the Washington Business Journal reported Monday. Amy Gilliland, a 2018 Wash100 recipient, serves …

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KippsDeSanto: Govt Tech Sector Eyes Increased Scale, Expanded IT Capabilities Via M&As

KippsDeSanto & Co. said it believes General Dynamics’ (NYSE: GD) acquisition of CSRA shows the continued focus of government technology sector buyers on efforts to build up scale and expand next-generation information technology capabilities through mergers and acquisitions. General Dynamics’ IT business will realize approximately $10 billion in annual revenue following …

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NAVSEA Moves to Address Potential OCI in General Dynamics-CSRA Combination

The U.S. Navy has initiated several measures to avoid any potential organizational conflict of interest that may emerge following the completion of General Dynamics’ (NYSE: GD) $9.7 billion acquisition of CSRA. The Naval Sea Systems Command said Tuesday it asked General Dynamics and CSRA to hand over to a third party …

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General Dynamics Closes $9.7B CSRA Purchase

General Dynamics (NYSE: GD) has concluded its approximately $9.7 billion acquisition of CSRA (NYSE: CSRA) in a push to establish a combined government information technology services contractor. CSRA will operate as part of General Dynamics’ IT business and will stop trading on the New York Stock Exchange as a result of …

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CACI Drops Acquisition Bid for CSRA; Ken Asbury Comments

CACI International (NYSE: CACI) has withdrawn its bid to purchase CSRA (NYSE: CSRA) for $44.00 per share in cash and stock, or approximately $7.2 billion. “We will continue our aggressive pursuit of strategic opportunities, judiciously and without engaging in auctions at uneconomic levels,” CACI CEO Ken Asbury said in a statement …

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General Dynamics Raises Offer to Acquire CSRA

General Dynamics (NYSE: GD) has increased the value of its proposal to acquire CSRA (NYSE: CSRA) from $40.75 per share to $41.25 per share, or approximately $6.9 billion in cash, under an amended merger agreement. General Dynamics said Tuesday it will also assume $2.8 billion in net debt from the …

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CACI Offers $7.2B Cash & Stock for CSRA

CACI International (NYSE: CACI) has offered to acquire CSRA (NYSE: CSRA) for approximately $7.2 billion in cash and stock, or $44.00 per share, in a bid to form a combined entity that will deliver mission services and enterprise support offerings to government clients. Arlington, Virginia-based CACI said Sunday its board …

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Jason Aiken: General Dynamics Seeks to Compete in ‘Consolidating’ Govt IT Services Market

Jason Aiken, CFO of General Dynamics (NYSE: GD), has said the acquisition of CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government IT services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to consolidate or get consolidated …

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Navy Awards FFG(X) Frigate Conceptual Design Contracts to 5 Firms

The U.S. Navy has awarded five companies contracts to come up with a conceptual design of the service’s future guided missile frigate. The Naval Sea Systems Command received six proposals for the firm-fixed-price contracts as part of the FFG(X) ship program, the Defense Department said Friday. NAVSEA selected Austal, Fincantieri Marinette …

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