Era a.s., a subsidiary of SRA International, Inc. (NYSE: SRX), today announced it has been selected by the Oman Civil Aviation Authority to deploy two multilateration surveillance solutions in Oman. The systems will be installed at the Muscat and Salalah airports, under a contract by Northrop Grumman Park Air Systems. The contract, awarded by Indra Sistemas, forms part of the nationwide air traffic management modernization and upgrade program for the Directorate General of Meteorology and Air Navigation Services in Oman. Muscat International Airport, Oman’s principal international airport is currently undergoing a large infrastructure enhancement project in order to cope with the increased air traffic the airport has seen over the past decade. Between 2000 and 2010, movements at the airport have nearly doubled from 36,082 to 67,160 and are expected to grow at an expedited pace over the next decade, due in large part to a rapidly growing hub airline. Similar to Muscat Airport, Salalah Airport, the nation’s second busiest, has also seen tremendous growth, going from serving 182,000 passengers in 2000 to 455,000 in 2010 and, like Muscat, expects large future growth. Era’s next-generation surveillance solution was chosen for its ability to adapt to the significant changes that will occur at each of these airports, and to ensure that the surface operations run safely and efficiently both during and after the infrastructure enhancement projects. "Oman's selection of Era's MSS solution marks the second major Era acquisition in the region and further establishes Era as the Middle East’s next generation surveillance solution provider of choice,” said Era Systems Corporation Senior Vice President Kevin Layton. “MSS is a scalable and reconfigurable solution, allowing for the comprehensive surveillance of an ever-changing airport surface. This makes it the ideal choice for the rapidly growing airports in Oman.” Era a.s. provides cost effective next-generation air traffic management tools 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; improve airspace and ground space efficiencies; and reduce costs.
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, health, and intelligence and space markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; 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; and systems engineering. SRA and its subsidiaries employ approximately 7,000 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 merger, 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) the inability to complete the acquisition of SRA (the "Merger") by an affiliate of Providence Equity Partners LLC ("Providence") due to the failure (a) to obtain the requisite stockholder approvals for the Merger contemplated by the merger agreement; (b) to satisfy other conditions to the completion of the Merger contemplated by the merger agreement, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; or (c) to obtain the necessary financing arrangements set forth in the debt and equity commitment letters delivered pursuant to the merger agreement; (ii) the outcome of any legal proceedings, regulatory proceedings or enforcement matters that have been or may be instituted against us and others relating to the Merger; (iii) the occurrence of any other event, change or circumstance that could give rise to a termination of the merger agreement; (iv) the fact that, if the Merger is not consummated due to a breach of the merger agreement by the affiliates of Providence that are parties to the merger agreement, SRA's remedy may be limited to receipt of a termination fee of $112.9 million, and if the Merger is not consummated under certain circumstances, SRA is not entitled to receive any such termination fee; (v) if the merger agreement is terminated under specified circumstances, SRA may be required to pay an affiliate of Providence a termination fee of up to $47 million; (vi) the diversion of management's attention from ongoing business concerns due to the announcement and pendency of the Merger; (vii) the effect of the announcement of the Merger and divestiture of Era on our business relationships, operating results and business generally; (viii) the effect of the merger agreement's contractual restrictions on the conduct of our business prior to the completion of the Merger; (ix) the possible adverse effect on the price of our common stock if the Merger is not completed in a timely matter or at all; (x) the amount of the costs, fees, expenses and charges related to the Merger; (xi) reduced spending levels and changing budget priorities of federal governments of foreign countries in which we do or seek to do business; (xii) failure to comply with laws such as the Foreign Corrupt Practices Act or regulations on government gratuities; (xiii) possible delays or overturning of international contract awards due to bid protests by competitors; (xiv) 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; (xv) risks from operating in international markets, such as those resulting from economic, political, social and financial conditions or unrest, unavailability of certain protections that would typically be available under federal or common law, exposure to international regulations or risks associated with operating in or near hazardous areas; (xvi) inability or failure to adequately protect our proprietary information or intellectual property rights or violation of third party intellectual rights; (xvii) potential for significant economic or personal liabilities resulting from failures, errors, delays or defects associated with products, services and systems we supply; (xviii) difficulties accurately estimating contract costs and contract performance requirements; (xix) challenges in attracting and retaining key personnel or high-quality employees, particularly those with security clearances; (xx) inadequate insurance coverage; and (xxi) pending litigation and any resulting sanctions, including but not limited to unlimited contractual damages, liability for consequential damages, liquidated damages, or third party product liability associated with some commercial product sales.