:

Business/Financial

CACI Withdraws Bid For CSRA Giving GD Clear Path To Complete Deal

By Cal Biesecker

Wednesday, March 28th, 2018

SHARE:

CACI Withdraws Bid For CSRA Giving GD Clear Path To Complete Deal

Stepping aside from a bidding war, CACI International [CACI] on Tuesday withdrew its $10.4 billion unsolicited offer to acquire CSRA, Inc. [CSRA], leaving General Dynamics [GD] alone to close its previously agreed transaction to purchase CSRA.GD originally agreed to acquire CSRA for $9.6 billion in cash but a counteroffer made by CACI that combined stock and cash forced GD to up its bid to $9.7 billion.CACI didn’t specify why it decided against further pursuit of CSRA, which spurned the offer,…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]