U.S. Small Business Administration Awards $13.9M Contract to SRA
September 20 2004 - 9:02AM
PR Newswire (US)
U.S. Small Business Administration Awards $13.9M Contract to SRA
Company to Provide Information Technology Services to Support
Disaster Credit Management System FAIRFAX, Va., Sept. 20
/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 task order by the Small Business
Administration (SBA). SRA will provide IT services to support SBA's
Disaster Credit Management System (DCMS), a Web-enabled electronic
loan application processing system to help improve the direct
loan-making process used in assisting disaster victims. The task
order, awarded under the Chief Information Officer Solutions and
Partners 2 Innovations (CIO-SP2i) contract, has an estimated value
of $13.9 million over 42 months if all options are exercised. The
SBA plays a major role in the government's disaster relief efforts
by making low-interest recovery loans to both homeowners and
businesses. SBA's Office of Disaster Assistance has undertaken a
disaster credit management modernization initiative to improve the
efficiency, quality, and timeliness of disaster loan processing.
Under this new contract, SRA will support the SBA DCMS team in
implementing software changes, maintaining software and hardware
architecture, updating system documentation, providing ongoing
support to DCMS users, and supporting all IT operations associated
with the system. The SRA team includes Absulon Technology Partners,
Inc.; Beckett Consulting, Inc.; and SuperSolutions Corporation. "We
are proud to contribute to a system that is helping businesses and
families recover from disasters," said Kathleen Adams, SRA Senior
Vice President and Director, Civil Sector. "The SRA team has a
complementary blend of DCMS knowledge and the experience and
technology skills to support successful operation of the system."
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, civil government, and health care and public health
markets. The Company also delivers business solutions for text and
data mining, contingency and disaster response planning,
information assurance, environmental strategies, conflict
management and dispute resolution, 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 3,400 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 task order 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, 2004 filed with the Securities and
Exchange Commission (SEC) on September 13, 2004. In addition, the
forward-looking statements included in this press release represent
our views as of September 20, 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
September 20, 2004. DATASOURCE: SRA International, Inc. CONTACT:
Laura Luke of SRA International, Inc., +1-703-803-1856, or Web
site: http://www.sra.com/
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