About SRA International, Inc.SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations and commercial clients serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; contract research organization (CRO) services; cyber security; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; learning technologies; logistics; public health preparedness; public safety; strategic management consulting; systems engineering; and wireless integration. SRA and its subsidiaries employ more than 7,300 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 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 our actual results to differ materially from the results we anticipate include, but are not limited to: (i) possible delays or overturning of our international contract awards due to bid protests by competitors; (ii) entry into new markets or foreign legal jurisdictions or operation of our business in various foreign jurisdictions, including incurring liabilities in hazardous areas; (iii) failure to comply with laws such as the Foreign Corrupt Practices Act or regulations on government gratuities; (iv) security threats, attacks or other disruptions on our information infrastructure, and failure to comply with complex network security and data privacy legal and contractual obligations or to protect sensitive information; (v) force majeure incidents in international markets, such as weather, governmental action or inaction, or political unrest; (vi) any violation of third party intellectual rights; (vii) unlimited contractual damages, liability for consequential damages, liquidated damages, or third party product liability associated with some commercial product sales; (viii) difficulties accurately estimating contract costs and contract performance requirements; (ix) challenges in attracting and retaining key personnel or high-quality employees, particularly those with security clearances; (x) adverse market conditions and the resulting impact on future cash flows may result in the impairment of goodwill and intangible assets which account for a significant portion of our assets; and (xi) adverse impact on employee and customer relations from media speculation regarding the company and its future ownership and operations. 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 March 2, 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 March 2, 2011.
Era a.s., a subsidiary of SRA International, Inc. (NYSE: SRX), today announced that Finavia, Finland’s air navigation service provider (ANSP), has selected Era to supply 135 of its latest-generation Squid® vehicle tracking units at the Helsinki Airport in Finland. The Squid units will support the airport’s advanced surface movement guidance and control system (A-SMGCS). With more than 170,000 take-offs and landings in 2009, Helsinki Airport is Finland’s busiest airport and the leading long-haul airport in Northern Europe, as ranked in number of destinations. Due to the amount of ground movements, Finavia sought vehicle tracking units that could best provide air traffic controllers with complete surface situational awareness to enhance the safety and efficiency of ground operations at Helsinki Airport. “Helsinki Airport will soon join a rapidly growing list of airports worldwide who realize the safety and efficiency benefits our vehicle tracking units provide,” said Era Systems Corporation Senior Vice President Kevin Layton. “Squid units are unique in that they work seamlessly with any multilateration and ADS-B solution an airport may be utilizing.” Era Squid units are ADS-B transmitters that are easily mounted on top of airport vehicles. The units constantly and automatically transmit vehicle locations and identification to air traffic controllers, ensuring that a complete picture of all aircraft and vehicles is available to controllers at all times—in all visibility and weather conditions. Era Squids feature an area management function that allows users to define boundaries in and around an airport where the units will automatically turn on and off transmissions. This allows for busy airports to limit the amount of non-essential surface transmissions. Era a.s. provides integrated next-generation air traffic management solutions that address core challenges like safety, efficiency, profitability and functionality. Its innovative use of proven next-generation technologies, like multilateration and ADS-B, help air navigation service providers (ANSPs) and airport operators ease capacity constraints; enhance safety, improve airspace and ground space efficiencies; and reduce costs. SRA does not announce sales amounts for individual Era contracts; Era contracts for their air traffic management business typically range in value of $1-2 million, and may be up to $5 million.