Company to Support DARPA's Tactical Technology Office With
Technical and Program Support Services
FAIRFAX, Va., July 26 /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 contract by the Defense Advanced Research Projects Agency
(DARPA). SRA will provide a broad range of technical and program support
services to DARPA's Tactical Technology Office (TTO). The contract, awarded
under the General Services Administration Professional Engineering Services
Schedule, has an estimated value of $19.9 million over five years if all
options are exercised.
DARPA is the central research and development organization for the
Department of Defense. The DARPA TTO is responsible for planning,
implementing, and managing programs in advanced military research that
emphasize system and subsystem approaches to technology development,
particularly for unmanned, space and land systems. Under this contract, SRA
will be responsible for assisting TTO in strategic planning and evaluating
relevant technologies developed by industry, universities, and military
laboratories. SRA services will also include business financial management,
Web development and maintenance of internal and external DARPA Web sites, and
archive management.
"The SRA team has extensive experience providing technology, analytical,
and information management services to DARPA," said Tony Valletta, SRA Senior
Vice President and Director, Command and Control, Communications and
Intelligence Sector. "We understand the organization's critical mission and
its reliance on leading edge technologies."
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, 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
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 July 26, 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 July 26, 2004.
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