Author: Jane Edwards|| Date Published: February 23, 2018
Jason Aiken
Jason Aiken, CFO of General Dynamics (NYSE: GD), has said the acquisition ofCSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government IT services market, Inside Defense reported Wednesday.
“In a consolidating market, our thesis is that you either have to consolidate or get consolidated out, Aiken said Wednesday at a Citi-hosted investor conference.
He said the government IT services sector has seen consolidation in the past several years in response to the government™s increased adoption of contracting programs for services procurement and call for reduced prices.
Aiken noted that General Dynamics and CSRA both perform intelligence, defense and federal civilian work but do not have a major overlap in clients.
General Dynamics agreed to purchase CSRA for approximately $9.6 billion in a push to form a combined government IT services provider.
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