Business News
SRA Completes Acquisition of Era Corporation
2008-07-30 15:01:00
SRA Completes Acquisition of Era Corporation
FAIRFAX, Va., July 30 /EMWNews/ -- 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 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 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.
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