SRA Completes Acquisition of Era Corporation
July 30 2008 - 4:01PM
PR Newswire (US)
FAIRFAX, Va., July 30 /PRNewswire-FirstCall/ -- SRA International,
Inc. (NYSE:SRX), a leading provider of technology and strategic
consulting services and solutions to government organizations,
today announced that it has completed the acquisition of Era
Corporation, a privately held provider of advanced surveillance
technologies for the air traffic management, airport operations,
military and security market, effective today. Era is a pioneer and
leading supplier of next-generation surveillance and flight
tracking solutions. The company has nearly 300 employees and
develops multilateration, Automatic Dependent
Surveillance-Broadcast (ADS-B) and other technologies that deliver
high-performance, high-reliability surveillance solutions to more
than 100 customers in the U.S., Canada, Europe, the Middle East,
Africa, South America and Asia. The company is headquartered in
Reston, Va. with production facilities and research and development
centers in the U.S. and Czech Republic. "Era is a terrific company,
and we're privileged to welcome the Era team into SRA," said SRA
President and CEO Stan Sloane. "Era's advanced surveillance
technologies are modernizing the capabilities of customers around
the world. Together, we are wellpositioned for rapid growth in this
rising market segment." About SRA International, Inc. SRA is a
leading provider of technology and strategic consulting services
and solutions -- including systems design, development, and
integration; and outsourcing and managed services -- to clients in
national security, civil government, and health care and public
health markets. The company also delivers business solutions for
contingency and disaster response planning, information assurance,
business intelligence, environmental strategies, enterprise
architecture, infrastructure management, and wireless integration.
FORTUNE(R) magazine has chosen SRA as one of the "100 Best
Companies to Work For" for nine consecutive years. The company's
6,400 employees serve clients from its headquarters in Fairfax,
Virginia, and offices around the world. For additional information
on SRA, please visit http://www.sra.com/. Any statements in this
press release about future expectations, plans, and prospects for
SRA, including statements about the estimated value of the contract
and work to be performed, and other statements containing the words
"estimates," "believes," "anticipates," "plans," "expects," "will,"
and similar expressions, constitute forwardlooking statements
within the meaning of The Private Securities Litigation Reform Act
of 1995. Actual results may differ materially from those indicated
by such forward-looking statements. In addition, the
forward-looking statements included in this press release represent
our views as of July 30, 2008. We anticipate that subsequent events
and developments will cause our views to change. However, while we
may elect to update these forward-looking statements at some point
in the future, we specifically disclaim any obligation to do so.
These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to July 30, 2008.
DATASOURCE: SRA International, Inc. CONTACT: Media, Sheila S.
Blackwell, +1-703-227-8345, , Investors, David Keffer,
+1-703-502-7731, , both of SRA International, Inc. Web site:
http://www.sra.com/
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