CSC, Veritas finalize DynCorp deal

Computer Sciences Corp. completed its $850 million divestiture of DynCorp International, DynMarine and selected DynCorp Technical Services contracts to Veritas Capital Inc. of New York.

When the closing-date working capital has been finalized, CSC gets an additional block of preferred stock, not to exceed $75 million.

Veritas gets a business that pulled in $1.6 billion in 2004 and has 14,500 employees. The acquisition is Veritas' second foray into government services. In July, it acquired McNeil Technologies Inc., Springfield, Va.


About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
contracts DB


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More