CSRA Inc.

CSRA Inc. was a prominent American information technology services provider specializing in federal government contracts. Formed through a strategic spin-off and merger, it rapidly became a leading contractor for agencies like the Department of Defense and the Department of Health and Human Services. The company provided a wide array of services including cloud computing, cybersecurity, and enterprise IT before being acquired by General Dynamics in 2018, marking a significant consolidation in the government IT sector.

History

CSRA Inc. was created in November 2015 through the merger of the Northrop Grumman government services business unit with the public sector division of Computer Sciences Corporation. This transaction was structured as a spin-off and simultaneous combination, establishing a new, independent entity focused exclusively on the U.S. federal government market. The new company began trading on the New York Stock Exchange under the ticker symbol "CSRA". Its formation was a direct response to evolving procurement trends and increased demand for next-generation IT solutions within the civilian, defense, and intelligence communities. The corporate headquarters were established in Falls Church, Virginia, placing it in the heart of the Washington metropolitan area government contracting corridor.

Services and operations

The company delivered a comprehensive portfolio of technology services and solutions to numerous federal agencies. Core offerings included enterprise IT modernization, cloud migration services leveraging platforms like Amazon Web Services and Microsoft Azure, and advanced cybersecurity operations for protecting critical infrastructure. CSRA developed significant expertise in health IT, supporting major programs for the Centers for Medicare & Medicaid Services and the Military Health System. Other key operations encompassed data analytics, agile software development, and mission support services for clients such as the Department of the Navy, the Defense Information Systems Agency, and the Department of Homeland Security.

Acquisitions and mergers

CSRA pursued a targeted acquisition strategy to bolster its capabilities and market reach. In 2016, it acquired Mirabilis Group, Inc., a firm specializing in simulation and training programs for the United States Army. The following year, CSRA completed the purchase of NexGen Consulting Partners, enhancing its management consulting and healthcare IT offerings for public health clients. The most significant transaction in the company's history was its own acquisition. In February 2018, defense conglomerate General Dynamics announced a definitive agreement to purchase CSRA for $9.7 billion, outbidding a rival offer from CACI. The deal closed in April 2018, with CSRA being integrated into General Dynamics Information Technology.

Financial performance

As a publicly traded company, CSRA reported consistent financial results driven by its long-term government contracts. For its fiscal year ending March 31, 2017, the company generated approximately $5.0 billion in revenue. A significant portion of its business was derived from cost-plus-fee and time-and-materials contracts with various U.S. federal government departments. The company's profitability and cash flow were considered stable, supported by a large backlog of contracted work. Its financial performance was a key factor in attracting the acquisition interest from General Dynamics, with the final purchase price representing a substantial premium for shareholders.

Leadership and corporate affairs

The company was led by President and Chief Executive Officer Larry Prior, a former executive at ManTech International and Marine Corps officer. The chief financial officer was David F. Keffer, who previously held financial leadership roles at CSC. CSRA's board of directors included several notable figures from the defense and IT sectors. The company maintained a significant operational presence across the United States, with major facilities in regions with high concentrations of government activity. It was recognized for its corporate culture and was named to the Forbes list of America's Best Employers in 2017.

Category:Companies based in Fairfax County, Virginia Category:Information technology companies of the United States Category:Defense companies of the United States Category:Companies established in 2015 Category:Companies disestablished in 2018