General Dynamics’ acquisition of CSRA came as a bit of a surprise. Consensus thinking was that if and when General Dynamics made a large strategic move, it would most likely be along the lines of Lockheed Martin’s—namely a divestiture of its defense services and IT sector and a doubling down on another defense electronics or platform segment. The General Dynamics deal, however, confounded that consensus—although maybe the thinking was off the mark in the first place. ...

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