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CSRA Separates From CSC, Acquires SRA International

According to plan, CSRA Inc. [CSRA] on Nov. 30 completed its separation from CSC [CSC] and began trading on the New York Stock Exchange as an independent public company.CSRA also on Nov. 30 completed its acquisition of SRA International and announced that its board has authorized a potential $400 million three-year share repurchase program. CSRA also said it will be paying a 10 cents per share quarterly dividend.CSRA is a $5.5 billion federal information technology solutions and services provider made…

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Congress Updates

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]


SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]


House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]


MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]