SRA (NYSE: SRX) won a BPA from the Office of the Assistant Secretary of Defense, Research and Engineering, worth an estimated $100 million over five years, if all options are exercised.
According to the firm, “ASD(R&E) provides thought leadership for research and engineering efforts, and develops technical capabilities to support the goals and priorities of the Secretary of Defense. Their research and engineering teams solve current and future engineering and acquisition challenges for the Department of Defense. SRA will provide subject matter expertise in engineering, DoD acquisition and program management, and will help ASD(R&E) reduce the cost, acquisition time and risk of DoD’s major defense acquisition program.”
SRA is one of five firms to win a spot on the deal.
“SRA will maintain active involvement in the DoD acquisition process in support of the warfighter and the equipment they need to prepare for potential military conflicts in the future, ” said SRA Senior Vice President, National Security Sector Jeffrey Rydant. “SRA is fully committed to providing high quality engineering and acquisition services in order for ASD(R&E) to discover, develop and deploy new science and technology concepts in support of our national security.”