General Dynamics to buy CSRA for almost $7 billion
FALLS CHURCH, Va. — The defence contractor General Dynamics will spend almost $7 billion to acquire CSRA with the Trump administration pushing defence spending aggressively higher.
Shares of CSRA Inc., an internet technology company, soared 31 per cent in midday trading.
As part of a $4.4 trillion budget for next year unveiled Monday, President Donald Trump requested a record $686 billion for the Pentagon, a 13 per cent increase from the 2017 budget enacted last May.
“We’re going to have the strongest military we’ve ever had, by far,” Trump said. “In this budget we took care of the military like it’s never been taken care of before.”