Mike Lawrie, President and CEO, CSC
CSC has agreed to sell its base operations, aviation and range services business unit, Applied Technology Division (ATD), for $175 million in cash to PAE. The firm will retain ATD’s training and simulation business.
“The sale of ATD supports our realignment of company assets with our strategy of leading in the next generation of technology solutions and services, including cybersecurity, big data and cloud computing,” said Mike Lawrie, president and CEO of CSC.
CSC expects to close the transaction in the summer of 2013. The firm acquired ATD with the 2003 purchase of DynCorp.
ATD’s senior management team and its 5,400 employees will transfer to PAE as part of the agreement. In fiscal year 2013, ATD revenue was approximately $760 million. ATD revenue has been reported within CSC’s North American Public Sector (NPS) and will be recast as discontinued operations.
