CSC on the Block, But Buyers Will Face Pentagon ScrutinyOct 28, 2005 12:34 UTC by Defense Industry Daily staff
Computer Sciences Corp. is America’s third-largest IT outsourcing company, with billions of dollars in defense-related contracts. InformationWeek reports that sources close to New York City-based Blackstone Group list the firm among possible buyers, while the Wall Street Journal has reported that Warburg Pincus, Texas Pacific Group and Lockheed Martin also are looking at CSC.
Still, any buyer is likely to face heavy scrutiny from both the Pentagon and private industry, from security checks on key investors to contract cancellation threats and close attention to debt rating changes. InformationWeek has more.