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Mergers, spinoffs shake up the defense industry

from The Washington Post

When Fairfax-based information technology contractor SRA International canceled on short notice its presentation at a government IT conference in Washington last month, the rumors started circulating. Was the company, which generated $1.67 billion in revenue in 2010 and has more than 4,000 local employees, considering a major change? SRA spoke up last month, acknowledging that, after receiving multiple questions about whether it was accepting offers, the company had hired a financial adviser. It cautioned, however, against viewing the move as an indication that the company "is or should be for sale." more

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