Vote set for DynCorp sale

DynCorp stockholders will vote March 7 on a proposed merger with Computer Sciences Corp. El Segundo, Calif.-based CSC announced Dec. 13 that it would buy DynCorp of Reston, Va., for $950 million.

For the 12 months ended Sept. 26, DynCorp pulled in about $2.3 billion in revenue. CSC has nearly 64,000 employees and reported revenue of $11.3 billion in 2002.

Upon completion of the merger, CSC will derive approximately $6 billion in annual revenue from the federal government and employ nearly 38,000 people serving the U.S. government globally, according to CSC officials.

 

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