science applications international corp entered into an agreement to sell its logistics and supplychain management business to aerospace and defense company asrc federal holding co for 350 million in cash the acquisition subject to regulatory approvals is expected to close in the first half of saics fiscal year 2024 and would add about 240 professionals to asrcs workforce this acquisition provides another channel for growth by further diversifying our robust set of capabilities said asrc federal chief executive jennifer felix saics technology is used by the defense logistics agency which provides services to agencies including the us army us air force and us navy the agreement allows for seamless transition and continued support for the logistics and supply chain management business and their important customer missions while enabling saic to concentrate resources in our growth  technology accelerant areas of focus said saic chief executive nazzic keene jefferies llc served as the exclusive financial adviser and king  spalding llc served as legal counsel to saic in the deal gibson dunn  crutcher llp served as legal counsel to asrc federal shares for saic were flat at 10262 in afterhours trading