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General Dynamics completes CSRA acquisition for $9.7 billion
FedScoop: After a brief period of bidding wars, General Dynamics on Tuesday officially acquired CSRA.
The $9.7 billion acquisition, which includes about $2.8 billion in CSRA debt, makes General Dynamics IT the largest provider of technology services to the federal government by a hefty margin.
According to Govini, the two Falls Church, Virginia-based companies combined for $22.7 billion in revenue from the federal IT market between fiscal 2014 and 2017. Leidos, the highest grossing federal IT vendor until this point, earned $17.2 billion in federal IT services during that period.
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