CACI has upped the ante for government IT firm CSRA, hoping to disrupt General Dynamics' planned $9.6 billion acquisition. The dealmaking frenzy appears likely to continue well into the future.
News & Analysis: CSRA
The defense giant on Monday announced its largest-ever acquisition, betting big on an increase in government IT spending.
On a day the major benchmarks regained some ground, CSRA soared on buyout news, and Restaurant Brands International announced strong profits and a dividend raise.
General Dynamics is paying a steep premium to acquire this new prize.
These two companies are on the bleeding edge of the defense sector.