Report: CACI to Buy Former CSRA Systems Engineering Business From General Dynamics

CACI International (NYSE: CACI) has agreed to purchase a General Dynamics (NYSE: GD) business unit for approximately $80 million, the Washington Business Journal reported Tuesday.

Sources said the transaction involves CSRA’s former systems engineering and acquisition services unit that performed work for Naval Sea Systems Command and was acquired by General Dynamics through its purchase of the government information technology services contractor in April.

The report said the Federal Trade Commission cleared the proposed deal by issuing a notice to terminate the required 30-day waiting period for the transaction under the Hart-Scott-Rodino Act.

CACI offered to buy CSRA in March in a cash-and-stock transaction worth approximately $7.2 billion but General Dynamics decided to increase its acquisition offer for CSRA.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.