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An arms race in federal IT services

Looking to double the size of its government IT services business, diversified defense industry conglomerate General Dynamics will pay $6.8bn in cash for CSRA. The deal would create the second-largest vendor in the federal IT services market, trailing only a company created by a similar multibillion-dollar pairing two years ago. Conscious of the current upheaval on Wall Street, the two sides repeatedly described the blockbuster deal as a 'low risk' transaction.

Brenon Daly

Research Director, Financials