<< /Type /Font Good morning, and welcome to the General Dynamics conference call and presentation regarding the acquisition of CSRA, Inc. All participants on the phone will be in listen only mode. The company saw healthy order flow from aviation and defense sectors which would be considered as a positive sign by investors. /FontDescriptor 7 0 R You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Operating earnings were $628 million with a 7.5% margin. You can sign up for additional alert options at any time. On April 3, 2018, General Dynamics Corporation, a Delaware corporation (the “ Company ”), filed with the U.S. Securities and Exchange Commission (the “ Commission ”) a Current Report on Form 8-K (the “ Initial 8-K ”) to disclose that it had completed its previously announced acquisition of CSRA Inc., … ��\�m��&�|�g�f�3��c\SI0��yf�Uv����+��w'�쉩Ҿ�޹���8�dʳ"��Vx@&����U}�فL�gi)i�j"". /BaseFont /QLHMVG#2BTimes#20New#20Roman He speaks with Julie Hyman and Vonnie Quinn on "Bloomberg Markets." Good morning and welcome to the General Dynamics Second Quarter 2019 Earnings Conference Call. endobj << /Length 2007 >> << /Filter /FlateDecode /Length 47176 >> /Supplement 0 /Flags 32 Aerospace and defense multinational General Dynamics is acquiring government IT contractor CSRA for $9.6 billion, including $2.8 billion in CSRA debt. /DescendantFonts [6 0 R] 8 0 obj The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. endobj US defence contractor General Dynamics Corp is to acquire CSRA Inc. for about $9.6bn – including the assumption of $2.8bn in CSRA debt. Please go ahead, sir. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). EBITDA margin rose to 12.6% in 2019 General Dynamics Corp., the maker of Abrams tanks and nuclear submarines, is making a record bet on reinvigorating its information-technology business.The U.S. defense contractor agreed to buy CSRA Inc. for about $6.8 billion to expand its computer-services offerings for government agencies and military customers. /XHeight 447.2656 �����M���{����(�>R#Ւ�~:X��x��sn�4��]��2��{$�)*�� << /Type /Pages [Operator Instructions] Please note, this event is being recorded. Leidos Holdings Inc. and ahead of Booz Allen Hamilton Holding Corp., according to a Feb. 12 General Dynamics presentation based on 2018 estimated revenues. /ToUnicode 5 0 R Revenue in 2019 was $8.4 billion even after divesting or exiting lines of business having revenue of $1.3 billion per annum. EX-99.A.5.B Exhibit (a)(5)(B) From the Desk of the President Date: Feb. 12, 2018 To: GDIT employees Subject: General Dynamics to acquire CSRA This morning, General Dynamics announced that it has entered into an agreement to acquire CSRA. >> stream General Dynamics said that it will pay $40.75 per CSRA share. General Dynamics said Monday that it agreed to buy CSRA Inc. for $40.75 per share in cash.The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. << /Ordering <2624C52AD2F7FA59> endobj The acquisition will make General Dynamics the No. General Dynamics, by comparison, is up 50% over the past three years, and government IT rivals Science Applications International and CACI are up 92.9% and 69.7%, respectively. ... plus the acquisition of CSRA at the beginning of the second quarter last year. Bloomberg Government's Robert Levinson discusses General Dynamics Corp.'s agreement to purchase CSRA Inc. for about $6.8 billion. U.S. awards $7.6 bln cloud contract to General Dynamics. {H���r[����=��ʳS4�zA%�4I�A���'�z`'t�g�^-��8�hLbՍ�����.��?x�=�� That bid ultimately failed, although it did force General Dynamics to amend its offer to acquire all outstanding shares of CSRA for $41.25 per share … ���u�2I��M���RfNQ,�a��-XF�.�x�ib��Bc�������9r#p^�d龚��.�j��ӗ ��v�|A�&���˼� %�÷�I����̽#�y/�}M���튅 * {����l���>���| H#upq)�t��@�ܣ�O�����m�Շ�1>���t5�:��[:����3x2�8L@S����e��3%v�� The transaction is expected to close in the first half of 2018. General Dynamics (GD) kicked-off fiscal 2019 in style by reporting solid headlines numbers which surpassed analyst estimates. /BaseFont /QLHMVG#2BTimes#20New#20Roman << /Type /Font You must click the activation link in order to complete your subscription. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. /CreationDate <1345EA0C626D9DAC8E064CBE67D9F3EB9264559BC5891C> ��T?��%w�Mx����g General Dynamics stock has increased modestly by 1.5% in the pre … ���ٙHBD,&ձ�u��\�DF\��_�L;sþ���ԓ�j��R�Id���̥,�YB�� 0K�t�wڞ��0���D�_P������\*�\7��)��� �^W���G�K��(W�C�����vӗ�s��� >> If you experience any issues with … The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined … endobj stream >> 3 0 obj The deal will see General Dynamics pay $40.75 per CSRA share – a 32 percent premium to its Friday closing price of $30.82. Please go ahead sir. �f��������/� .Ix�������3.E�dZ-E�?Z@�ȧ q�S�N��&�Y���0��6�Y��;�C�v���D.�J�f���n-�������2q |T(L�o�hpu�ͮ[P�I,�-����Q��ٱ�z��R{K���ow�*h�䏗=���Ƽ��7��a����'��|��j�¼KN��+�3�a�l?���^H��:�#�]�>1�^�]���֯��*�/[���ש S���� ��h|W�ne�(�+58���ܰ"2(�Ke{h}�̝��^�τ����e������ �X��5�����hz��b(Z�������i��wc]t���Q��&���ۉ�w�T�wP7����`����Q�3�,�+����j}ՑJ�4?�ϋ2����UL�*O)�Wr���q����y_�W�[�@ �(G�4�+��ĭ�.��R;/�t ]iEu! To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. << /Type /FontDescriptor In the pre-market trade, CSRA is trading at $39.20 up $8.38 or 27.19 percent. The transaction, valued at … CSRA is an excellent fit with GDIT. (�x�y.5#]�%��/��q�/*���[��um�Q�;�iY6��E9D�*��'�@��v:uA��'�У����ߵ��u��@��{,����U�Y�q� �nM�m:$���6g���7�Y(�z�0�Х,�x]C�Yz�@��#.��{di�v��$߸�OQG'qwݧ?�p�\�� T!����NU���p�ԟE�*=�*�W{���Җ�jbSخ��z�FA��Z�jϲw����(ØU�~�}z����u���|D�p��:'>걘��d�D\y�R�%�e�~��';����$ ֛r]d�J�t�\a�˽��]�Ɠ�E�O�kxy��I� .��w���&u�z)jt"G;Z�tyM��/vNL���6Zq���7J�/8�}%�����LA|P�W&9�q�]A�gUTኰ�Y�,͈}5l�b��.�?X`��䔾� << /Type /Catalog /Pages 3 0 R >> Please note, this event is being recorded. << /Author <123B9F7D0175E2F0D35D12E379CCA3F3DB3D16D586D0543CEA3FB99F5762BD26F0C057A0D65B3F95F17ADDDF5856E74DE68544451EA9FF5C9D> I would now like to turn the conference over to Howard Rubel, Vice President of Investor Relations. endstream General Dynamics Corp ... Vice President of Investor Relations. The deal includes an additional $2.8 billion in debt. Stock Monitor: CSRA Inc. Post Earnings Reporting LONDON, UK / ACCESSWIRE / February 14, 2018 / Active-Investors.com has just released a free research report on General Dynamics Corp. (NYSE: GD). /CapHeight 662.1094 /Producer <123B9F7D0175FDDAF9143BE33B89B0B2CB3B12> by Ty Trumbull • Feb 13, 2018. After submitting your request, you will receive an activation email to the requested email address. endobj X General Dynamics will pay $40.75 per share cash for CSRA, a 32% premium from Friday's close. General Dynamics rose 0.5%. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. /Keywords <674FE80D626C9EAF8D0151B76DC1F2E086645089CE990072F27D94> /ItalicAngle 0 That’s a 32 per cent premium to its Friday closing price of $30.82. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. 7 0 obj >> /Ascent 891.1133 /FontBBox [-568.3594 -306.6406 2045.898 1039.551] Last year, General Dynamics Information Technology continued to integrate CSRA and to reshape its portfolio. /FontFile2 8 0 R Markets. Register to receive email alerts of future events. /W [3 [250] 38 [667] 75 [500] 72 [444] 70 [444] 78 [500] 87 [278] 68 [444] 83 [500] 85 [333] 82 [500] 76 [278] 69 [500] 91 [500] 79 [278] 90 [722] 73 [333] 41 [556] 80 [778] 27 [500] 16 [333] 46 [722] 81 [500] 74 [500] 86 [389] 71 [500] 88 [500] 92 [500] 89 [500] 29 [278] 58 [944] 53 [667] 23 [500] 21 [500] 24 [500] 54 [556] 36 [722] 11 [333] 20 [500] 26 [500] 22 [500] 19 [500] 17 [250] 12 [333] 40 [611] 51 [556] 44 [333] 28 [500] 134 [500] 15 [250] 50 [722] 42 [722] 39 [722] 179 [444] 180 [444] 48 [889] 43 [722] 55 [611] 18 [278] 182 [333] 84 [500] 45 [389] 77 [278] 47 [611] 30 [278] 52 [722] 60 [722] 93 [444] 37 [667] 57 [722] 49 [722] 10 [180] 14 [564] 32 [564] 167 [549] 25 [500] 8 [833] 56 [722] 7 [500] 62 [333] 64 [333] 9 [778] 129 [500] 13 [500]] FALLS CHURCH, Va. – General Dynamics (NYSE: GD) and CSRA (NYSE: CSRA) today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. /Registry <2E24CF26C3> By providing your email address below, you are providing consent to General Dynamics to send you the requested Investor Email Alert updates. This despite CSRA… FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). FALLS CHURCH, Va. – General Dynamics (NYSE: GD) and CSRA (NYSE: CSRA) today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. >> Defense 2019-08-29 reuters.com - (Reuters) - The U.S. General Services Administration and the Defense Department said on Thursday they awarded a cloud computing contract worth $7.6 billion to General Dynamics Corp’s CSRA LLC and its partners. How CSRA expands General Dynamics' public safety footprint. /Subject <6F5293> /Subtype /CIDFontType2 /CIDToGIDMap /Identity /Creator <123B9F7D0175FDDAF9143BE33B89B0B2CB3B12> %���� ��f��%D��p3ԇ��=��m#XeMu. The deal values CSRA at roughly 12.1 times adjusted EBITDA based on CSRA’s fiscal 2017 results, though the company is now deep within its fiscal 2018. General Dynamics Corporation (“General Dynamics”) made available an investor presentation relating to the previously announced proposed merger (the “Merger”) of General Dynamics and CSRA Inc. (“CSRA”). /ModDate <1345EA0C626D9DAC8E064CBE67D9F0E69264559BC5891C> I am Howard Rubel, Vice President of Investor Relations for General Dynamics. CSRA holders will receive $40.75 a share in cash, General Dynamics said in … If you experience any issues with … The acquisition was completed in April 2018. zxF�sc4���Z?�J�Nj��I��J>�t��¯BDJE�a������ ��V���DN�3� ���ȰCWO�=�(D��Y"F��9A���UM��K�~s\�R/v��1I ��&�� k�o�ٗg=>�����l �N� ��f��o�>a�\��g[�#r��E��h� ��N�}E[�^ L����m6"��D�L�h�d_Q?��KD���mU}���6�j@��? The company plans to fund the deal via available cash and new debt financing. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. 6 0 obj 5 0 obj endobj /Kids [19 0 R 22 0 R 24 0 R 30 0 R 27 0 R 32 0 R 35 0 R 38 0 R 41 0 R 44 0 R 47 0 R 50 0 R 53 0 R 56 0 R 59 0 R 62 0 R 65 0 R 68 0 R] /Count 18 2 0 obj S&P lowers ratings outlook on General Dynamics to negative over CSRA deal Author Emmanuel Louis Bacani S&P Global Ratings revised the ratings outlook on General Dynamics Corp. to negative from stable after the defense contractor announced its acquisition of technology consultancy CSRA Inc. for $9.6 billion, including $2.8 billion of its debt. CSRA is now part of General Dynamics Information Technology. endobj /FontName /QLHMVG#2BTimes#20New#20Roman However, increased expenses dragged profits by 7%. :��`��U >> 4 0 obj General Dynamics, which also makes tanks and U.S. Navy ships, said the deal is valued at $9.6 billion, including $2.8 billion in CSRA debt. The company closed its $9.7 billion purchase of IT services-heavy CSRA Inc in the middle of the year. GD CSRA /CIDSystemInfo General Dynamics renews IT bet with $6.8 billion deal to acquire CSRA Inc. | Information Management /Subtype /Type0 ���~��H��R����}��uzg^[K �9X��ѓSd.f�E���6~i� ����PG�i |hHo�nv�h˷��n����28)˯ߺ׾����y�`��h,�ȸ�1����41��Rm���h^�R��.�o�y�Z�/�0J^%��{�B��R�p��U@��-?��L�QV�)u .�NߚĨQf�[��ed9���VR�jx!o�Y8˙�i�Ѯ�ՐP5(%��e�\��d�oiF���ݜ����Svp��q��DZl���G��J'V��f70� �� � CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. At General Dynamics, we promise to treat your data with respect and will not share your information with any third party. General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. CSRA's shares jumped 31.4 percent to $40.50 in premarket trading on Monday. CSRA rose 1% to 40.95, barely above the General Dynamics offer. /Title <674FE80D626C9EAF8D0151B76DC1F2E086645089> On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. /Encoding /Identity#2DH 1 0 obj 2 provider of federal IT services, trailing only Leidos Holdings Inc. CSRA, which provides services such as cybersecurity and data analytics, gives General Dynamics more heft as defense spending rises under President Donald Trump and computer-technology contracts get bigger and more complex. If you experience any issues with this process, please contact us for further assistance. CSRA, which provides services such as cybersecurity and data analytics, gives the firm more heft as defense spending rises and technology contracts get bigger and more complex. /Descent -216.3086 General Dynamics and CSRA executives explain the rationale behind their $6.8 billion deal and it is all about budgets and bigger opportunities. Once the transaction is complete, CSRA will be combined with GDIT. fN�MF�0�!�:���Oe_a[�������z��@��������e�U�����/�)�3�*[�;Fq�|�q�E��N�O�+|�I�e�c���[&[Ah�����`���H�gd�:g#&�}!7}_*�_�P'���T��)#���6�e,4�1�EXS�����dP�`�/��A���|�GR��7�k��3S�Sw���|G�5E���}��G�fF:? /StemV 0 Register to receive email alerts of future events. “The acquisition of CSRA represents a … CSRA was formed in … %PDF-1.4 Is acquiring Government it contractor CSRA for $ 33 million flow from aviation and defense sectors which would considered. Csra for about $ 9.6 billion … CSRA rose 1 % to 40.95, barely above the General Dynamics we.: CSRA ) the requested investor email alert updates with a 7.5 % margin a 7.5 % margin this! 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