General Dynamics has completed its acquisition of CSRA Inc. The transaction is valued at approximately $9.7 billion.

CSRA is now part of General Dynamics Information Technology. This combination creates a premier provider of high-tech IT solutions to the government IT market.

"The combined CSRA and GDIT offers innovative, competitive and compelling solutions to our customers, and provides attractive free cash flow coupled with good incremental return on capital for investors," said Phebe Novakovic, chairman and chief executive officer of General Dynamics. "GDIT is positioned to deliver cost-effective, next-generation IT solutions and services to the Department of Defense, the intelligence community and federal civilian agencies as they modernize their information systems."