Quick Take
Science Applications International Corp. (SAIC) has announced the proposed acquisition of Unisys Federal for $1.2 billion.
Unisys Federal has developed a consulting, implementation and managed services practice for the U.S. federal government.
With the deal, SAIC adds security-cleared headcount in government transformation priority areas, but my bias on the stock is NEUTRAL at this level.
Target Company & Market
Reston, Virginia-based Unisys Federal was founded to provide a wide range of IT modernization and digital transformation capabilities to U.S. federal agencies and the Department of Defense.
Management is headed by President