SRA's CEO on company's $1.8B sale

Monday - 4/4/2011, 4:03pm EDT

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IT services and consulting company firm SRA International is expected to be sold to a private equity firm for more than $1.8 billion.

SRA is coming off a year where it saw its revenue grow by roughly 8 percent. Last year it won two of its largest contracts - a single-award blanket purchase agreement with the Department of Agriculture (USDA) worth $500 million and a five-year project with the Federal Deposit Insurance Corporation (FDIC) worth nearly $458 million.

Stan Sloane, president and CEO of SRA International, discusses what's in the deal and what it means for outstanding contracts.

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