General Dynamics to buy CSRA for $9.6 billion

General Dynamics headquarters
General Dynamics headquarters in Falls Church, Va. Photo: Dennis Brack/Bloomberg via Getty Images

Defense contractor General Dynamics has agreed to acquire government IT contractor CSRA for around $9.6 billion in cash (including assumed debt).

Why it matters: Because this comes just as the White House unveils a budget proposal that would significantly boost the Pentagon's spending power, but also amidst a broader contractor consolidation trend driven by Trump promises to cut government expenditures.