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CSC US Govt-SRA Combination Unveils Business Plan, Exec Team & Board to Investors

market analysisThe company being formed out of Computer Sciences Corp.’s (NYSE: CSC) U.S. government business and SRA International has revealed more details of its business plan in Wednesday filings with the Securities and Exchange Commission and a presentation to investors in New York held Thursday.

As previously covered this week here, the combined company will operate as CSRA and will start trading on the New York Stock Exchange Nov. 30, when the SRA deal closes.

CSRA says it will enter the U.S. federal information technology market as its “largest pure-play” services provider with nearly 19, 000 employees and $5.5 billion in fiscal year 2015 revenue across the civilian, health, defense and intelligence markets.

Civilian and health work represents 53 percent of total sales with defense and intelligence at 47 percent, the filings and investor slides say.

Altogether, the combined company will hold approximately 2, 150 contracts and task orders with positions on at least 100 vehicles and has reported a potential pipeline of $23 billion to investors.

CSRA also reported to the SEC a combined backlog of $14.5 billion with approximately $3.24 billion of it funded.

The company will also base its headquarters in Falls Church, Virginia and expects to co-locate with CSC in the short-term after Nov. 30 at sites in Sterling, Virginia; El Segundo, California; and Hanover, Maryland.


The company also disclosed the appointments of four executive leaders in its filing with the SEC that will work with CEO Larry Prior, whose selection to lead CSRA was announced in July.

David Keffer, chief financial officer at SRA since May 2014, will hold the same title at CSRA after the spinoff and combination completes.

Catherine Kuenzel, vice president and general manager of homeland security and civil agencies at CSC, will transition into executive VP and GM of homeland security at CSRA.

Paul Nedzbala, EVP of SRA’s health and civil group, will become EVP and GM of health at CSRA and SRA Human Resources Senior VP John Reing has been appointed chief human resources officer for the combined company.

CSC CEO Mike Lawrie will serve as executive chairman of CSRA from Nov. 30 and Prior will also hold a position on the board with six additional members:

  • Keith Alexander, former National Security Agency and Cyber Command leader
  • Michele Flournoy, former defense undersecretary for policy
  • Nancy Killefer, former Treasury Department chief financial officer
  • Sean O’Keefe, a former NASA director and retired CEO of Airbus’ U.S. subsidiary
  • Michael Ventling, a former chief financial officer from Ernst & Young
  • Billie Williamson, a former senior assurance partner at EY

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