NAVSEA on General Dynamics' Acquisition of CSRA
General Dynamics has completed its acquisition of CSRA. The transaction is valued at approximately $9.7 billion.
CSRA provides services in support of Naval Sea Systems Command (NAVSEA) Major Defense Acquisition Programs and other programs through a number of SeaPort Enhanced (SeaPort-e) task orders and a other smaller contract vehicles.
The Navy is committed to avoiding and mitigating any actual or perceived Organizational Conflict of Interest (OCI) that may arise from this transaction, said a press statement from NAVSEA.
Therefore the Navy, with the full cooperation of CSRA, has taken the following steps to alleviate any industry concerns of any actual or potential OCIs:
- General Dynamics intends to keep CSRA Inc. and other CSRA Inc. entities intact for a period of time. CSRA will be a managed affiliate and sister company of General Dynamics Information Technology, Inc.
- CSRA Inc. and General Dynamics will fully divest SEABU and its associated systems engineering, acquisition, and mission support for NAVSEA to a third party as soon as possible to avoid OCIs.
- To mitigate any actual or perceived OCIs during the period between closing of the transaction and divestiture of the CSRA LLC’s SEABU, CSRA Inc. and General Dynamics will segregate and isolate program support work performed by CSRA LLC’s SEABU from General Dynamics. The mechanisms that ensure segregation and isolation have been detailed to NAVSEA Contracts and Legal and are considered adequate.
