David Keffer: CSRA Open to M&A With 10% Allotment From Cash Deployment Strategy

David Keffer

David Keffer

TYSONS CORNER, VA, Aug. 17, 2016 — CSRA (NYSE: CSRA) will look into potential acquisitions that work to establish a technology edge for the company in cloud-enabled digitization, GovCon Wire reported Thursday.

“We are open to M&A in places where it can be strategically valuable to us and help spur further organic growth,” Chief Financial Officer David Keffer told investors during the company’s first-quarter earnings call.

He said CSRA could allocate up to 10 percent of its capital deployment strategy for acquisitions, with the rest for debt paydown and shareholder returns.

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