SRA Awarded $100 Million Multi-Award Contract From Department Of Defense
SRA International, Inc. (NYSE: SRX), a leading provider of technology
and strategic consulting services and solutions to government
organizations and commercial clients, today announced it has won a
SRA International, Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients, today announced it has won a blanket purchase agreement awarded by the Office of the Assistant Secretary of Defense, Research and Engineering (ASD(R&E)). The multi-award contract has an estimated value of $100 million over five years, if all options are exercised. SRA is one of five awardees. 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 (DoD). 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 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.” 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 International (NYSE:SRX) hit a new 52-week high Wednesday as it changed hands at $29.89 compared with its previous 52-week high of $27.70. SRA International is currently trading at $28.48 with 990,877 shares changing hands as of 3:01 p.m..