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Home News Regions Northern Virginia CSC to sell business unit to Arlington-based PAE for $175 million

CSC to sell business unit to Arlington-based PAE for $175 million

Published May 29, 2013 by Robert Powell, III

Falls Church-based CSC plans to sell its base operations, aviation and range services business unit, Applied Technology Division (ATD), to Arlington-based PAE for $175 million in cash.

The company has reached a definitive agreement with PAE.  CSC acquired ATD with the 2003 purchase of DynCorp.

The deal marks CSC’s sixth divestiture in seven months. The company said the move furthers CSC’s strategy to rebalance its portfolio of services by focusing on its core strength in technology solutions and services.

CSC will sell the aviation maintenance, base operations and maintenance, test and training range, and space range businesses of ATD, while retaining the division’s training and simulation business. ATD currently performs work at more than 20 client locations in the continental United States.

ATD’s senior management team and its approximately 5,400 employees will transfer to PAE as part of the agreement.

In fiscal year 2013, ATD revenue was approximately $760 million with low-to-mid single-digit operating margins. ATD revenue has been reported within CSC’s North American Public Sector (NPS) and will be recast as discontinued operations.

The transaction is subject to customary closing conditions, including the receipt of various consents and an anti-trust clearance under the Hart-Scott-Rodino Act. CSC expects to close the transaction this summer.

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