FAIRFAX, Va. , Oct. 7 /PRNewswire-FirstCall/ -- SRA International, Inc.
(NYSE: SRX), a leading provider of technology and strategic consulting
services and solutions to government organizations and commercial clients,
today announced that it has been awarded a blanket purchase agreement (BPA)
from the Small Business Administration (SBA) to overhaul its Loan Management
and Accounting System (LMAS). This program falls under the OMB-mandated
Financial Management Line of Business (FMLoB) guidance for acquiring and
deploying financial management systems and has a ceiling of
Under the BPA, SRA has been awarded three task orders to date, valued at
"Loans to small businesses are at the core of SBA's mission, and a critical part of the U.S. economy. SRA understands how critical this program is - especially in the current liquidity crunch," said Max Hall , SRA Civil Sector senior vice president. "This award confirms SRA's commitment and position in the FMLoB and managed services market supporting large-scale, mission-critical programs, and enables SRA to provide SBA with a fully integrated and updated financial management system."
Thousands of business loans are made each year either direct from the SBA
or guaranteed through the SBA. SBA's total portfolio is approximately
SRA has several partners for this program, including CGI Federal, Creoal Consulting, Kearney and Company, Oracle Corporation, SAVVIS, SCi and TeraThink Corporation.
About SRA International, Inc.
SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations 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; cybersecurity; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; strategic management consulting; systems engineering; and wireless integration.
FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for nine consecutive years. The company and its subsidiaries employ more than 6,400 employees serving clients from 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. 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 October 7, 2008 . 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 October 7, 2008 .
SOURCE SRA International, Inc.