WASHINGTON (dpa-AFX) - Computer Sciences Corp. (CSC) announced it has reached a definitive agreement with PAE for the sale of its base operations, aviation and range services business unit, Applied Technology Division, for $175 million in cash.
'The sale of Applied Technology Division 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 CSC President and CEO Mike Lawrie.
CSC acquired Applied Technology Division with the 2003 purchase of DynCorp. CSC will sell the aviation maintenance, base operations and maintenance, test and training range, and space range businesses of Applied Technology Division, while retaining the division's training and simulation business.
The Applied Technology Division is comprised of approximately 5,400 employees who provide aviation maintenance, base operations and maintenance, test and training range, and space range support at critical U.S. government installations. The Division's senior management team and employees will transfer to PAE as part of the agreement.
PAE is a leading provider of global mission services to the U.S. Government and its allied partners.
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