SRA International Awarded $99.7 Million Multi-Award Contract from Environmental Protection Agency
05 Mai 2011 - 11:01PM
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
is one of the awardees on the Environmental Protection Agency (EPA)
Information Technology Solutions – Business Information Strategic
Support (ITS-BISS) II contract, with a ceiling of $99.7 million
over a five-year base period. The multi-award, indefinite delivery,
indefinite quantity (IDIQ) is managed by the EPA’s Office of
Environmental Information (OEI).
Under the contract, SRA will provide a wide range of IT advisory
and assistance services to all of EPA’s program offices and
regions. These support services include policy, planning, security,
investment management, enterprise and IT architecture, technical
studies and assessment, organizational development, training, and
communications and outreach activities.
“SRA brings a passion for and knowledge of EPA’s mission, from
our more than 30 years of support to EPA programs,” said SRA Senior
Vice President Steve Tolbert. “SRA is pleased to continue our
long-standing partnership, and we look forward to helping EPA
navigate the challenges of providing the right information
technology to meet their mission in an ever-tightening budget
environment.”
SRA has been performing similar work as EPA’s partner for more
than a decade, having worked on this program’s predecessor
contracts, IIASC (1999-2005) and ITS-BISS (2005-2011).
SRA is the prime contractor on the award, and is working with
partners Ace Info Solutions, Gold Systems, Leadership Practices,
List Innovative Solutions, LMI, Phase One Consulting, SONA
Networks, Systalex, SOMAT Engineering and TAPE.
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
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 LLP
due to the failure (a) to obtain stockholder approval for the
Merger; (b) to satisfy other conditions to the completion of the
Merger, 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 Providence Equity Partners LLP or Merger Sub,
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 Providence Equity
Partners LLP 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 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 our largest customer, the United States federal government,
which accounts for more than 90% of our revenue; (xii) failure to
comply with complex U.S. government procurement-related laws and
other regulations, including but not limited to, punitive damage
liabilities under the False Claims Act and other laws, and
financial incentives under so-called “whistleblower” statutes,
awarding the whistleblower with a percentage of the recovery if the
claims are successfully waged; (xiii) possible delays or
overturning of our government contract awards due to bid protests
by competitors or loss of contract revenue or diminished
opportunities based on the existence of organizational conflicts of
interest; (xiv) entry into new markets or foreign legal
jurisdictions or operation of our business in various foreign
jurisdictions, including incurring liabilities in hazardous areas;
(xv) failure to comply with laws such as the Foreign Corrupt
Practices Act or regulations on government gratuities; (xvi)
failure to comply with Federal Acquisition Regulations and Cost
Accounting Standards or the Fair Labor Standards Act;
(xvii) 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; (xviii) force majeure
incidents in international markets, such as weather, governmental
action or inaction, or political unrest; (xix) any violation of
third party intellectual rights; (xx) unlimited contractual
damages, liability for consequential damages, liquidated damages,
or third party product liability associated with some commercial
product sales; (xxi) adverse changes in federal government
practices such as insourcing; (xxii) delays in the U.S. government
adopting appropriations necessary for program funding and future
appropriation uncertainties adversely impacting customer spending
plans; (xxiii) intense competition to win U.S. government contracts
or recompetes and commoditization of services we offer; (xxiv)
failure of the customer to fund a contract, issue task orders or
exercise options to extend contacts, or our inability to
successfully execute awarded contracts; (xxv) any adverse results
of audits and investigations conducted by the Defense Contract
Audit Agency or any of the Inspectors General for various agencies
with which we contract, including, without limitation, any
determination that our contractor business systems or contractor
internal control systems are deficient; (xxvi) difficulties
accurately estimating contract costs and contract performance
requirements; (xxvii) challenges in attracting and retaining key
personnel or high-quality employees, particularly those with
security clearances; (xxviii) failure to manage acquisitions,
divestures or restructures successfully, including identifying and
valuating acquisitions targets, integrating acquired companies,
realizing benefits from such acquisitions, or contingent
liabilities associated with divestures; and (xxix) adverse weather
conditions or unexpected employee leave patterns reducing our
expected billable labor revenue.
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
May 5, 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 May 5,
2011.
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