Science & Technology
Thu, September 30, 2010Wed, September 29, 2010Tue, September 28, 2010Mon, September 27, 2010Sun, September 26, 2010Fri, September 24, 2010Thu, September 23, 2010Wed, September 22, 2010Tue, September 21, 2010Mon, September 20, 2010Sun, September 19, 2010Fri, September 17, 2010Thu, September 16, 2010Wed, September 15, 2010Tue, September 14, 2010Mon, September 13, 2010Sun, September 12, 2010Fri, September 10, 2010Thu, September 9, 2010Wed, September 8, 2010SRA To Sell Airport Operations Solutions Group
Published in Science and Technology on Monday, September 20th 2010 at 6:10 GMT by Market Wire
FAIRFAX, Va.--([ BUSINESS WIRE ])--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 entered into an agreement to sell its Airport Operations Solutions (AOS) group to ITT Corporation, a high-technology engineering and manufacturing company.
AOS developed AirScene.comSM software, the worlda™s most comprehensive, web-based application suite for airport operations. The AirScene.com application utilizes a common database to ensure the accuracy and consistency of all airport system data. Earlier this year, the company disclosed its intention to negotiate the sale of this part of its Era subsidiary. The AOS group reported revenue of approximately $3.5 million in the twelve months ended June 30, 2010.
The transaction is expected to close within 60 days. Financial terms of the deal were not disclosed.
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 7,100 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 aestimates,a abelieves,a aanticipates,a aplans,a aexpects,a awill,a and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. 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 Sept. 20, 2010. 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 Sept. 20, 2010.
