Jane Edwards
General Dynamics has initiated portfolio shaping efforts through its $9.7B acquisition of CSRA and recent move to divest its government call center business, the Washington Business Journal reported Wednesday.
Maximus agreed earlier this month to purchase General Dynamics Information Technology“™s federal citizen engagement centers for $400M in cash to expand its capabilities in citizen services delivery.
General Dynamics CEO Phebe Novakovic said that deal allows GDIT to focus on enterprise information technology platforms and high-end professional services.
“We are [business-to-business]-focused and this shifts us away from the more public-facing markets,“ Novakovic said Wednesday at the company“™s earnings call.
General Dynamics saw its revenue rise 20 percent to approximately $9.1B and posted an 11 percent increase in net earnings to $851M in the third quarter of 2018.
