Reston, Virginia-based Science Applications International Corp. — already one of the largest government IT contractors in the country — has agreed to acquire the federal services IT business of Unisys Corp. for $1.2 billion in cash.
Unisys Federal’s government contracting work includes infrastructure modernization, cloud migration and managed services. Its clients include both federal civilian agencies and the U.S. Department of Defense.
The acquisition is expected to close by May.
It is SAIC’s first major acquisition since January 2019, when it completed its $2.5 billion acquisition of Chantilly-based Engility Holdings, creating an IT contractor with about $6.5 billion in annual revenue.
SAIC is funding the Unisys Federal acquisition with a combination of cash and debt.
