SRA Wins $33 Million Contract to Support Department of Defense Retirement Pay System

FAIRFAX, Va., Feb. 9, 2015 /PRNewswire/ -- SRA International, Inc., a leading provider of IT solutions and professional services to government organizations, today announced that the Defense Logistics Agency (DLA) recently awarded the company a single-award, indefinite delivery, indefinite quantity (IDIQ) contract to partner with the Defense Finance and Accounting Service (DFAS) in upgrading the Defense Retiree and Annuitant Pay System (DRAS). The contract is valued at $32.8 million if all options are exercised.

DFAS oversees payments to Department of Defense service members, employees, vendors and contractors using DRAS to establish and maintain the approximately $40 billion payroll for more than 2.6 million military retirees, former spouses, and survivor beneficiaries. Built on older mainframe technology, the system is at the end of its planned lifecycle and will be replaced with DRAS2 -- an integrated, highly efficient, and cost effective web-based system.

With SRA's experienced PeopleSoft and military retiree and annuitant payroll subject matter experts and knowledge of enterprise resource planning, the company will partner with DLA and DFAS to develop and implement DRAS 2 with enhanced capabilities designed to streamline processes and provide auditable, sustainable, and flexible retiree and annuitant pay capability to better meet user needs.

George Batsakis, Executive Vice President of SRA's National Security Group commented, "DRAS 2 is one of the most important programs through which the Department of Defense honors its commitment to our military retirees, veterans, and their families.  SRA is proud to collaborate with DLA and DFAS as we work to enhance this key financial management program in support of our Armed Forces members."

About SRA International, Inc.
At SRA we combine our creativity, mission experience, technology acumen and domain expertise to deliver innovative IT solutions and professional services to address the toughest mission and operational challenges faced by U.S. government agencies.  We are inspired by our customers' missions and strive to provide the best people, working together to generate the best ideas, to deliver the best possible performance - all driven by our enduring values of Honesty and Service®. SRA was founded in 1978. We are headquartered in Fairfax, VA and employ approximately 5,300 professionals operating at home and overseas. Learn more about SRA at www.sra.com.

Any statements in this press release that are not historical data or information constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements are subject to factors and risks that could cause actual results to differ materially from the results SRA anticipates.  Some of these factors are set forth in Item 1A of SRA's Form 10-K for its latest fiscal year ended June 30, 2014, and subsequent filings made by SRA with the Securities and Exchange Commission.  While SRA may elect to update forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing SRA's views as of any date subsequent to the date of this press release.

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SOURCE SRA International, Inc.

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