SRA to acquire Adroit

SRA International Inc. has signed an agreement to acquire Adroit Systems Inc. for $40 million in cash, the company announced Jan. 3.

Alexandria, Va.-based ASI specializes in defense and intelligence business, including command, control, communications, computers, intelligence, surveillance and reconnaissance, logistics, knowledge management and intelligence analysis. The company, which has about 330 employees, had a net income of $2.2 million on revenue of $42.8 million for the fiscal year ended Sept. 30, 2002, according to SRA.

SRA plans to absorb all of ASI's current management team and operating divisions into its Command, Control, Communications, and Intelligence business unit.

As part of the transaction, ASI executives will buy about 170,000 shares of SRA stock. The transaction is expected to close by early February.

Featured

  • Workforce
    White House rainbow light shutterstock ID : 1130423963 By zhephotography

    White House rolls out DEIA strategy

    On Tuesday, the Biden administration issued agencies a roadmap to guide their efforts to develop strategic plans for diversity, equity, inclusion and accessibility (DEIA), as required under a as required under a June executive order.

  • Defense
    software (whiteMocca/Shutterstock.com)

    Why DOD is so bad at buying software

    The Defense Department wants to acquire emerging technology faster and more efficiently. But will its latest attempts to streamline its processes be enough?

Stay Connected