CSC closing in on DynCorp buy

DynCorp shareholders will vote March 7 on whether to allow Computer Sciences Corp. (CSC) to acquire the firm.

That's the final hurdle that El Segundo, Calif.-based CSC must jump to close the deal.

CSC first announced its intent to acquire DynCorp for about $950 million in December 2002. The company estimates that after the merger, it will earn about $6 billion annually from federal government business, almost half of its expected $14.5 billion in total earnings.

Both companies are major players in the federal market. CSC is a systems integrator that also provides consulting and outsourcing services, while DynCorp, based in Reston, Va., offers information technology services and technical services.

Featured

  • IT Modernization
    shutterstock image By enzozo; photo ID: 319763930

    OMB provides key guidance for TMF proposals amid surge in submissions

    Deputy Federal CIO Maria Roat details what makes for a winning Technology Modernization Fund proposal as agencies continue to submit major IT projects for potential funding.

  • gears and money (zaozaa19/Shutterstock.com)

    Worries from a Democrat about the Biden administration and federal procurement

    Steve Kelman is concerned that the push for more spending with small disadvantaged businesses will detract from the goal of getting the best deal for agencies and taxpayers.

Stay Connected