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

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.


contracts DB