Computer Sciences Selling Applied Tech Division

Financial terms not disclosed, but investors like the deal.

By Rich Smith – May 30, 2013 at 5:25PM EST

Falls Church, Va.-based Computer Sciences (CSC +0.00%) announced Wednesday that it is selling its Applied Technology Division to privately held PAE, a leading provider of "global mission services."

The transaction, slated to close this summer, will shift to PAE a workforce 5,400 employees strong, and a business serving the U.S. Department of Defense, NASA, and other government customers in the spheres of aviation maintenance, base operations and maintenance, test and training ranges, and space range support. It will also be PAE's entree into the fields of military and space testing and training services.

Financial terms were not disclosed.

CSC shares rose in response to news of the sale yesterday and finished up Thursday at $44.32.

Rich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”

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Computer Sciences Selling Applied Tech Division

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