CSRA Inc.

CSRA Inc. was an American information technology and professional services company serving the United States government. It was created on November 30, 2015, through the combination of Computer Sciences Corporation’s North American Public Sector business and SRA International, formerly known as Systems Research and Applications Corporation. The transaction brought together two established government-contracting businesses under a newly independent publicly traded company. CSRA was headquartered in Falls Church, Virginia, and operated from offices in several U.S. states. Its customers were government agencies rather than primarily commercial enterprises. The company organized its activities around national security, civil government, and health care and public health. Its national-security business included work associated with the Department of Defense, the Department of Homeland Security, the U.S. Army, the U.S. Air Force, and intelligence agencies. Its government-services portfolio included information technology delivery, cybersecurity-related capabilities, cloud and modernization work, and broader professional services supporting public-sector missions. The company began trading on the New York Stock Exchange under the symbol CSRA after its formation. In the government information-technology market, it was described as one of the largest contractors in the United States and as the third-largest government IT and professional services company. Its positioning depended on combining large-scale systems integration with knowledge of federal procurement, national security programs, civilian agencies, and public-health operations. During its independent period, CSRA also sold its Falls Church headquarters to Marcus Partners, a Boston-based real-estate investment firm, for $33 million. The transaction reflected a change in the company’s real-estate arrangements rather than a change to its central government-services strategy. On February 12, 2018, General Dynamics announced an agreement to acquire CSRA for approximately $9.6 billion. The transaction was completed in April 2018. CSRA subsequently ceased operating as an independent public company and became part of General Dynamics Information Technology, the General Dynamics business serving government information-technology customers. The CSRA name therefore represents a distinct but short-lived public-sector IT company whose operations and capabilities were absorbed into a larger defense and government-services group.

CSRA Inc. was established on November 30, 2015, through the merger of two government-services businesses: Computer Sciences Corporation’s North American Public Sector operation and SRA International. SRA International had previously operated under the name Systems Research and Applications Corporation. Rather than being created as a conventional start-up, CSRA was assembled from existing federal-contracting capabilities and launched as a separate public company focused on government customers. The new company was headquartered in Falls Church, Virginia, a location associated with the Washington, D.C., federal contracting market. It also maintained offices in multiple states. CSRA began trading on the New York Stock Exchange under the ticker symbol CSRA, giving the combined business an independent public-market identity. Its business was centered on information technology and professional services for U.S. government agencies. CSRA served three broad areas: national security, civil government, and health care and public health. National security was its largest market and included work connected with the Department of Defense, the Department of Homeland Security, the U.S. Army, the U.S. Air Force, and intelligence agencies. Across these areas, the company’s role involved government IT delivery, systems integration, cybersecurity-related services, cloud capabilities, modernization, and professional support. The company’s federal focus distinguished it from general-purpose commercial IT consultancies and made government procurement knowledge, security requirements, and mission-specific delivery central to its positioning. The company was described as the third-largest government IT and professional services company. Its scale came from the businesses inherited at formation rather than from a long period of organic brand development. During its independent existence, CSRA also sold its Falls Church headquarters to Marcus Partners, a Boston-based real-estate investment firm, for $33 million. The headquarters transaction did not alter the company’s stated focus on federal clients. CSRA’s independent existence ended after General Dynamics pursued the company as part of a broader government-technology expansion. On February 12, 2018, General Dynamics announced an agreement to acquire CSRA for approximately $9.6 billion. The transaction was completed in April 2018. Following completion, CSRA was integrated into General Dynamics Information Technology and no longer operated as a separately listed company. Its operations and capabilities therefore continued within General Dynamics’ government IT structure, while the standalone CSRA corporate identity became defunct.

• 2018

  General Dynamics announces acquisition

  [1]CSRA Inc.en.wikipedia.org

  General Dynamics announces a proposed acquisition of CSRA valued at approximately $9.6 billion.

• 2018

  CSRA becomes part of General Dynamics Information Technology

  [1]CSRA Inc.en.wikipedia.org

  The acquisition closes in April, ending CSRA’s existence as an independent public company.

• 2015

  CSRA is formed

  [1]CSRA Inc.en.wikipedia.org

  CSRA is created through the combination of CSC’s North American Public Sector business and SRA International on November 30, 2015.

• 2015

  Public listing begins

  [1]CSRA Inc.en.wikipedia.org

  The newly formed company begins trading on the New York Stock Exchange under the symbol CSRA.

• Falls Church headquarters is sold

  [1]CSRA Inc.en.wikipedia.org

  CSRA sells its headquarters property to Marcus Partners for $33 million.

U.S. government-focused information technology and professional services provider serving defense, intelligence, homeland security, civilian-government, and health-sector clients.

• Government IT services · 2015

  Federal information technology services

  CSRA delivered information technology and systems-integration services to U.S. government agencies. The work supported large federal environments and included implementation, operation, maintenance, and modernization of technology systems. Its customers spanned national-security, civilian-government, and health-related organizations.

• Defense and intelligence IT · 2015

  National-security technology services

  The company’s largest market served defense, intelligence, and homeland-security customers, including the Department of Defense, Department of Homeland Security, U.S. Army, U.S. Air Force, and intelligence agencies. Services addressed government mission systems, secure technology environments, cybersecurity-related requirements, and professional support.

• Cloud computing and IT modernization · 2015

  Cloud and modernization services

  CSRA provided cloud-related and modernization capabilities as part of its government IT portfolio. These services supported agencies seeking to update legacy systems, adopt newer infrastructure models, and improve the delivery of technology-enabled public services.

• Civilian government IT · 2015

  Civil-government technology services

  CSRA supported civilian federal agencies with technology delivery and professional services. The offering addressed agency operations and public-sector missions outside the company’s defense and intelligence work, using the federal contracting expertise assembled from its predecessor businesses.

• Health information technology · 2015

  Health care and public-health technology services

  Health care and public health formed one of CSRA’s principal customer areas. Its work in this market involved information technology and professional services for government health-related organizations and programs.

• 2018

  Accept General Dynamics acquisitionM&A

  Background

  General Dynamics sought to expand its government information-technology activities through the acquisition of CSRA.

  Action taken

  General Dynamics announced the proposed purchase on February 12, 2018, for approximately $9.6 billion and completed the transaction in April 2018.

  Aftermath

  CSRA ceased to be an independent public company and its business became part of General Dynamics Information Technology.

  Announced acquisition value. Approximately US$9.6 billion (Announced February 12, 2018; completed April 2018)

  Source

• 2015

  Create a standalone federal IT companyStrategy

  Background

  CSC and SRA International combined their government-focused businesses to form a separately listed company dedicated to public-sector information technology and professional services.

  Action taken

  CSRA was established on November 30, 2015, and began trading on the New York Stock Exchange under the symbol CSRA.

  Aftermath

  The combined company became a major U.S. government IT contractor serving national-security, civilian-government, and health-related customers.

  Source

• 2018

  General Dynamics announces agreement to acquire CSRA[1]CSRA Inc.en.wikipedia.org

  M&A

  General Dynamics announced on February 12, 2018, that it would acquire CSRA for approximately $9.6 billion, combining CSRA’s government IT activities with General Dynamics’ government information-technology business.

• 2018

  General Dynamics completes acquisition of CSRA[1]CSRA Inc.en.wikipedia.org

  M&A · Leadership change

  The acquisition of CSRA by General Dynamics Information Technology was completed in April 2018. CSRA ceased to operate as an independent company and became part of General Dynamics Information Technology.

• 2015

  CSRA begins trading as an independent public company[1]CSRA Inc.en.wikipedia.org

  Product launch · Other

  CSRA was formed through the combination of Computer Sciences Corporation’s North American Public Sector business and SRA International and began trading on the New York Stock Exchange under the symbol CSRA.

• CSRA sells its Falls Church headquarters[1]CSRA Inc.en.wikipedia.org

  Other

  CSRA sold its headquarters property in Falls Church, Virginia, to Marcus Partners, a Boston-based real-estate investment firm, for $33 million.

1. 1CSRA Inc.en.wikipedia.org