SRA International Inc, a technology consulting contractor recently won a contract worth $12 million to develop a system that makes logistics data within the Department of Defense more accessible to internal users.
Awarded through the Defense Logistics Agency’s information research programme, the five-year contract entails the company to take part in the DLA’s R&D Technologies Solutions Council. The contract also means Fairfax-based SRA will advise the DLA on core business process improvement and technology adoption.
George Batsakis, SRA’s Vice President of Enterprise Logistics Services said, “As a professional services provider, SRA has deep domain experience with technologies related specifically to performance-based logistics. The SRA team understands DLA’s functional requirements and we look forward to helping DLIS establish and maintain a technology roadmap for the future.”
SRA employs close to 7,000 persons globally and earned $58 million in the fiscal year 2009, ending June 30th.
In 2009, SRA International Inc. reported higher revenue but higher expenses slightly lower its quarterly earnings.
SRA’s fiscal fourth quarter revenue stood at $402 million, which was an increase of 4.5% compared to the same quarter’s performance in the previous fiscal year. Net income however fell 6.5% to $17.5 million or 30 cents per share compared to $18.8 million or 32 cents a share in the same quarter the year before.
SRA International’s incurred expenses increased by 5.2% compared to the previous year, while the company ended the quarter with a backlog of $4.1 billion, which is an increase of 5%.
The company’s forecasted sales figures for 2010 stand at $1.59-$1.65 billion.
