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 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.