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CSC Set To Spin Off Federal Services Business This Month

Cal Biesecker By
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CSC Set To Spin Off Federal Services Business This Month
CSRA President and CEO Larry Prior. Photo: CSRA

CSC [CSC] said on Wednesday that its board approved the spin-off of its federal systems business this month, adding that the new business will be called CSRA Inc.CSC will complete the divestiture of CSRA on Nov. 18. CSRA, which will trade on the New York Stock Exchange under the stock ticker symbol “CSRA,” is expected to close its pending acquisition of SRA International on Nov. 30.SRA, a provider of IT and professional services, is owned by a shareholder groups consisting…

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