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SRA Int’l Sells Global Surveillance Subsidiary to Czech Defense Firm

SRA International (NYSE: SRX) has sold its subsidiary ERA Systems Corp. to Czech defense and aerospace company Omnipol AS for an undisclosed amount, according to a Bloomberg Businessweek report. ERA produces surveillance solutions with sensors and radars and has research and development centers in the U.S. and Czech Republic, according to an SRA brochure. ERA counts …

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SRA Shareholders Approve $1.88B Cash Acquisition by Private Equity Firm

SRA International (NYSE: SRX) shareholders have approved the company’s acquisition by an affiliate of private equity firm Providence Equity Partners for $1.88 billion in cash. SRA Shareholders will receive $31.25 in cash for each share of common stock. Rhode Island-based Providence Equity Partners specializes in communications and information services, media and entertainment company …

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SRA to Continue Supporting DEA’s Core Business Infrastructure

The U.S. Drug Enforcement Agency has awarded SRA International, Inc. (NYSE: SRX) a contract worth up to $72.9 million to continue supporting the agency’s firebird infrastructure, which supports the agency’s core business lines. The firebird infrastructure technology services II contract is a recompete for the company and has a five-year base period and five …

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SRA Int’l, Booz Allen Added to $12B Veterans Affairs IDIQ

SRA International, Inc. (NYSE: SRX) and Booz Allen Hamilton (NYSE: BAH) will compete for task orders under the Veteran Affairs Department‘s Transformation Twenty-One Total Technology program. The multiple-award indefinite-delivery/indefinite-quantity contract has a five-year base and $12 billion ceiling. The program will provide IT services, including program management, strategy planning, systems and software …

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Hot Streak: SRA Lands Another Major Contract

SRA (NYSE: SRX) secured a spot on the Department of Justice’s ID/IQ Information Technology Support Services 4, or ITSS-4. The deal carries a base year, six option years and a total ceiling value over $1 billion. For more on the deal’s other winners, click here. “This contract vehicle provides the …

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SRA Wins Spot on $100 Million DoD BPA

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 …

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SRA Sold for $1.88 Billion to Providence Equity Partners

SRA International (NYSE: SRX) has agreed to a definitive merger agreement to be acquired by an affiliate of Providence Equity Partners in an all-cash transaction valued at $1.88 billion. As part of the agreement, SRA shareholders will receive $31.25 in cash for each share of common stock. The firm’s board …

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SRA Pens SOCOM Deal

SRA International (NYSE: SRX) won the Special Operations Research, Development and Acquisition Center  Science and Technology task order under the Global Battlestaff and Program Support vehicle from the Department of Defense’s Special Operations Command. The deal carries a five-year term and a value of $14.4 million. “USSOCOM’s Science and Technology …

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Pat Burke Discusses SRA’s New Cybersecurity Tool

SRA International (NYSE: SRX) is set to preview its new cybersecurity product, SRA Cyberlock, at RSA Conference 2011. The secure appliance allows for automation and expedition of malware behavior analysis and response. “Malware attacks have had a devastating impact on the security, profitability and credibility of businesses worldwide, ” SRA …

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SRA CFO Rick Nadeau Comments on Financial Figures

SRA International (NYSE: SRX) reported operating results for the second quarter of fiscal year 2011, which ended Dec. 31, 2010. The firm listed revenue for the quarter was $434.8 million, up 5.3 percent from the December 2009 quarter. According to SRA, “income from continuing operations was $19.8 million, for a …

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