Published: July 11, 2011
SRA Wins $72.9 Million Contract for DEA Infrastructure Support
FAIRFAX, Va. - (BUSINESS WIRE) - SRA International, Inc. (NYSE: SRX), a leading provider of technology
and strategic consulting services and solutions to government, today
announced that it has been selected by the U.S. Drug Enforcement
Administration (DEA) to continue supporting the agency's Firebird
infrastructure. The $72.9 million Firebird Infrastructure Technology
Services II contract is a recompete for the company, and includes a
five-year base period with five, one-year options.
SRA supports the Firebird infrastructure across six key task areas:
infrastructure integration, integration and performance testing, managed
development environment, deployment project support, labs and program
management.
The Firebird infrastructure is an integral part of the DEA technology
infrastructure and supports the agency's core business lines, including
investigation, diversion control, forensics, intelligence and support
operations. Under Firebird, SRA employees will integrate, test and
implement evolving capabilities, as well as new and updated
technologies, while maintaining system security, availability and
reliability.
About SRA International, Inc.
SRA is dedicated to solving complex problems of global significance for
government organizations and commercial clients serving the national
security, civil government, health, and intelligence and space markets.
Founded in 1978, the company has expertise in such areas as cyber
security; disaster response planning; enterprise resource planning;
energy systems and sustainability; environmental strategies; IT systems,
infrastructure and managed services; learning technologies; logistics;
public health preparedness; public safety; strategic management
consulting; and systems engineering.
SRA employs approximately 7,000 employees serving clients from its
headquarters in Fairfax, Va., 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 merger, 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. Factors or risks that could cause the
Company's actual results to differ materially from the results the
Company anticipates include, but are not limited to: (i) the inability
to complete the acquisition (the "Merger" ) by an affiliate of Providence
due to the failure (a) to obtain the requisite stockholder approvals for
the Merger contemplated by the Merger Agreement; (b) to satisfy other
conditions to the completion of the Merger contemplated by the Merger
Agreement; or (c) to obtain the necessary financing arrangements set
forth in the debt and equity commitment letters delivered pursuant to
the Merger Agreement; (ii) the outcome of any legal proceedings,
regulatory proceedings or enforcement matters that have been or may be
instituted against the Company and others relating to the Merger; (iii)
the occurrence of any other event, change or circumstance that could
give rise to a termination of the Merger Agreement; (iv) the fact that,
if the Merger is not consummated due to a breach of the Merger Agreement
by the affiliates of Providence that are parties to the Merger
Agreement, SRA's remedy may be limited to receipt of a termination fee
of $112.9 million, and if the Merger is not consummated under certain
circumstances, SRA is not entitled to receive any such termination fee;
(v) if the Merger Agreement is terminated under specified circumstances,
SRA may be required to pay an affiliate of Providence a termination fee
of up to $47 million; (vi) the diversion of management's attention from
ongoing business concerns due to the announcement and pendency of the
Merger; (vii) the effect of the announcement of the Merger on the
Company's business relationships, operating results and business
generally; (viii) the effect of the Merger Agreement's contractual
restrictions on the conduct of the Company's business prior to the
completion of the Merger; (ix) the possible adverse effect on the price
of the Company's common stock if the Merger is not completed in a timely
matter or at all; (x) the amount of the costs, fees, expenses and
charges related to the Merger; (xi) reduced spending levels and changing
budget priorities of the Company's largest customer, the United States
federal government, which accounts for more than 95% of the Company's
revenue; (xii) failure to comply with complex laws and regulations,
including but not limited to the False Claims Act, the Federal
Acquisition Regulations, the Truth in Negotiations Act, the U.S.
Government Cost Accounting Standards and the Foreign Corrupt Practices
Act; (xiii) possible delays or overturning of the Company's government
contract awards due to bid protests, loss of contract revenue or
diminished opportunities based on the existence of organizational
conflicts of interest or failure to perform by other companies on which
the Company depends to deliver products and services; (xiv) security
threats, attacks or other disruptions on the Company's information
infrastructure, and failure to comply with complex network security and
data privacy legal and contractual obligations or to protect sensitive
information; (xv) inability or failure to adequately protect the
Company's proprietary information or intellectual property rights or
violation of third party intellectual property rights; (xvi) potential
for significant economic or personal liabilities resulting from
failures, errors, delays or defects associated with products, services
and systems the Company supplies; (xvii) adverse changes in federal
government practices; (xviii) appropriation uncertainties; (xix) price
reductions, reduced profitability or loss of market share due to intense
competition, including for U.S. government contracts or recompetes, and
commoditization of services the Company offers; (xx) failure of the
customer to fund a contract or exercise options to extend contracts, or
the Company's inability to successfully execute awarded contracts; (xxi)
any adverse results of audits and investigations conducted by the
Defense Contract Audit Agency or any of the Inspectors General for
various agencies with which the Company contracts, including, without
limitation, any determination that the Company's contractor management
information systems or contractor internal control systems are
deficient; (xxii) difficulties accurately estimating contract costs and
contract performance requirements; (xxiii) challenges in attracting and
retaining key personnel or high-quality employees, particularly those
with security clearances; (xxiv) failure to manage acquisitions or
divestitures successfully (including identifying and valuating
acquisition targets and integrating acquired companies), losses
associated with divestitures or the Company's inability to enter into
divestitures at attractive prices and on desired timelines; (xxv)
inadequate insurance coverage; and (xxvi) pending litigation and any
resulting sanctions, including but not limited to penalties,
compensatory damages or suspension or debarment from future government
contracting.
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 11, 2011.
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 11, 2011.

SRA International, Inc.
Sheila Blackwell
Vice
President, Communications &
Public Affairs
703-227-8345
sheila_blackwell@sra.com
or
Mark
Hein
Manager, National Security
Sector Communications
703-803-1673
mark_hein@sra.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News