SRA Awarded $54.6 Million Defense Personal Property System Contract With U.S. Department of Defense Company to Develop Web-based System to Support DoD Personal Property Shipments Worldwide FAIRFAX, Va., June 16 /PRNewswire-FirstCall/ -- SRA International, Inc. (NYSE:SRX), a leading provider of information technology (IT) services and solutions to federal government organizations, announced today that it has been awarded a competitive contract by the U.S. Department of Defense (DoD) Military Surface Deployment and Distribution Command to develop a single, Web- based personal property system to integrate and automate all DoD processes that support military service families' moves worldwide. The contract has an estimated value of $54.6 million over ten years if all options are exercised. The Military Surface Deployment and Distribution Command manages DoD's $1.8 billion Personal Property Program and is responsible for moving over 500,000 shipments annually for the Military Services, DoD agencies, and the U.S. Coast Guard. The new system, part of the DoD "Families First" initiative, will streamline the personal property movement process and align with ongoing transportation reengineering and business improvement initiatives throughout DoD. The SRA team will design, develop, deploy, operate, and maintain the new system. Services will include project management, requirements analysis, systems integration, information assurance, database development, and integration of commercial off-the-shelf customer relationship management and supply chain management technologies. The SRA team includes Siebel Systems, Inc; Manugistics Group, Inc.; SQLCorp.; Complete Professional Services, Inc.; XIO Strategies, Inc.; Oak Grove Software; Customer Value Partners Corporation; and Trusted Solutions Group, Inc. "We are committed to the success of the Families First program to help improve the quality of life for service members and their families," said Charles Perry, SRA Vice President & Director, Defense Business Solutions. "The customer-centric system we develop will provide a more responsive, user- friendly experience while also ensuring the timely and accurate delivery of personal property." About SRA International, Inc. SRA is a leading provider of information technology services and solutions -- including strategic consulting; systems design, development, and integration; and outsourcing and operations management -- to clients in national security, health care and public health, and civil government markets. The Company also delivers business solutions for text and data mining, contingency and disaster response planning, information assurance, environmental strategies and technology, enterprise systems management, and wireless integration. FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for five consecutive years. The Company's 3,300 employees serve clients from its headquarters in Fairfax, Virginia, and offices across the country. 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 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 as a result of various important factors, including: our dependence on our contracts with federal government agencies, particularly within the U.S. Department of Defense, for substantially all of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2003 filed with the Securities and Exchange Commission (SEC) on September 29, 2003 and our latest quarterly report on Form 10-Q filed with the SEC on May 6, 2004. In addition, the forward-looking statements included in this press release represent our views as of June 16, 2004. 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 June 16, 2004. DATASOURCE: SRA International, Inc. CONTACT: Laura Luke of SRA International, Inc., +1-703-803-1856, or Web site: http://www.sra.com/

Copyright

Sra (NYSE:SRX)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Sra Charts.
Sra (NYSE:SRX)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Sra Charts.