U.S. Department of Defense Awards $19.2M Contract to SRA
October 18 2004 - 9:00AM
PR Newswire (US)
U.S. Department of Defense Awards $19.2M Contract to SRA FAIRFAX,
Va., Oct. 18 /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 Department of Defense (DoD) to provide program management
support to the DoD Logistics Automatic Identification Technology
Office. The task order, awarded under the Chief Information Officer
Solutions and Partners 2 Innovations (CIO-SP2i) contract, has an
estimated value of $19.2 million over five years if all options are
exercised. Since 1998, SRA has assisted DoD in a services-wide
logistics initiative to integrate automatic identification
technology (AIT) into military logistics processes. AIT includes a
suite of technologies used to improve the timeliness and accuracy
of source data collection; reduce logistics processing time; and
enhance the ability to identify, track, and control deploying
forces and sustainment cargo. Bar coding, Radio Frequency
Identification (RFID) Tags, Smart Cards, Contact Memory Buttons,
and satellite tracking capability devices are some examples of the
AIT technologies now employed in providing asset visibility in real
time worldwide. Under this new task order, SRA will provide a broad
range of program management services to include resolution of
logistics AIT standardization issues; identification of emerging
AIT technologies, and evaluation of potential utilization and
integration of AIT into processes throughout the defense supply
chain. As a result of its extensive knowledge and expertise in
active and passive RFID technology, SRA will also continue to play
a leading role in the planning and implementation of the recently
published DoD RFID policy. SRA has been instrumental in supporting
the Assistant Deputy Under Secretary of Defense for Supply Chain
Integration in the RFID policy development that will help integrate
RFID into the DoD supply chain. Use of this technology in the
supply chain will facilitate the hands-free input of receipt and
acceptance data into DoD logistics information systems and will
generate automatic transactions of record. "We are pleased to
continue our long-standing relationship with the Defense Logistics
Agency," said Charles Perry, SRA Vice President and Director,
Defense Business Solutions. "This contract award recognizes our
strong capabilities in identifying and implementing a
mission-effective and cost-efficient suite of AIT capabilities."
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 3,500 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 October 18, 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 October
18, 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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