SAIC to sell logistics and supply chain management arm to ASRC Federal

ASRC Federal announced it has entered into a definitive agreement to acquire the logistics and supply chain management business of Science Applications International Corporation. With this acquisition, ASRC Federal will become a leading provider of secure, technology-enabled supply chain management and logistics solutions for the Defense Logistics Agency which provides services to Department of Defense agencies, including the U.S. Army, U.S. Air Force and U.S. Navy on a global scale. The to-be-acquired business is a natural fit with ASRC Federal’s base operations support capability that currently provides procurement, logistics and warehousing services at military locations throughout the United States. Upon close, ASRC Federal will add about 240 professionals. The transaction is expected to close in Spring 2023 and is subject to customary closing conditions.