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.

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