SRA To Sell Airport Operations Solutions Group
September 20 2010 - 9:00AM
Business Wire
SRA International, Inc. (NYSE: SRX), a leading provider of
technology and strategic consulting services and solutions to
government organizations and commercial clients, today announced it
has entered into an agreement to sell its Airport Operations
Solutions (AOS) group to ITT Corporation, a high-technology
engineering and manufacturing company.
AOS developed AirScene.comSM software, the world’s most
comprehensive, web-based application suite for airport operations.
The AirScene.com application utilizes a common database to ensure
the accuracy and consistency of all airport system data. Earlier
this year, the company disclosed its intention to negotiate the
sale of this part of its Era subsidiary. The AOS group reported
revenue of approximately $3.5 million in the twelve months ended
June 30, 2010.
The transaction is expected to close within 60 days. Financial
terms of the deal were not disclosed.
About SRA International, Inc.
SRA and its subsidiaries are dedicated to solving complex
problems of global significance for government organizations and
commercial clients serving the national security, civil government
and global health markets. Founded in 1978, the company and its
subsidiaries have expertise in such areas as air surveillance and
air traffic management; contract research organization (CRO)
services; cyber security; disaster response planning; enterprise
resource planning; environmental strategies; IT systems,
infrastructure and managed services; learning technologies;
logistics; public health preparedness; public safety; strategic
management consulting; systems engineering; and wireless
integration.
SRA and its subsidiaries employ more than 7,100 employees
serving clients from its headquarters in Fairfax, Va., and offices
around the world. For additional information on SRA, please visit
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 forward-looking 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 Sept. 20, 2010. 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 Sept. 20,
2010.
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