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

  • IT Modernization
    shutterstock image By enzozo; photo ID: 319763930

    OMB provides key guidance for TMF proposals amid surge in submissions

    Deputy Federal CIO Maria Roat details what makes for a winning Technology Modernization Fund proposal as agencies continue to submit major IT projects for potential funding.

  • gears and money (zaozaa19/Shutterstock.com)

    Worries from a Democrat about the Biden administration and federal procurement

    Steve Kelman is concerned that the push for more spending with small disadvantaged businesses will detract from the goal of getting the best deal for agencies and taxpayers.

Stay Connected