The conference will feature 575 exhibitions that fill nearly 200,000 square feet at the Orange County Convention Center. Approximately 20,000 attendees are expected at this year's conference that are looking to discover the best of today's modern training equipment and simulation technologies for the federal government. More information about the event is available at www.iitsec.org.

"SRA and Parabon have complementary technologies, and we are pleased to showcase our extreme-scale grid computing solutions alongside their advanced applications," stated Dr. Steven Armentrout, Parabon President and CEO.

About Parabon(R) Computation

Parabon is a veteran provider of grid computing solutions, delivering affordable, extreme-scale computation on demand to customers across a wide variety of market sectors. A year after its 1999 founding, the company launched its flagship product, the Frontier(R) Grid Platform - a software solution that aggregates computational capacity of existing IT resources and delivers it as a flexible and scalable utility. Frontier can be deployed internally, harnessing the excess computing power of an organization's existing enterprise assets; it can also be deployed across a virtualized data center, providing a complementary high-performance computing service for cloud computing infrastructures. Finally, customers can tap into the power of the Parabon Computation Grid, the company's online Computation on Demand(TM) service. For more information, visit www.parabon.com.

SOURCE: Parabon Computation

Larkin Communications for Parabon Computation 
Kim Larkin, 703-250-3590 x3406 
klarkin@larkincomm.com

"The Select Agent Program is key to ensuring the safety and security of the registered select-agent facilities, the staff who work with those agents and the general public, " said Wayne Myers, director of Public Health Informatics - the SRA business unit that supports the Select Agent contract. "Our laboratory inspectors have conducted more than 1,000 onsite inspections over the past five years, and we look forward to continuing to help CDC manage this critical emergency preparedness program."

About SRA International, Inc.

SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; contract research organization (CRO) services; cybersecurity; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; strategic management consulting; systems engineering; and wireless integration.

FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for nine consecutive years. The company and its subsidiaries employ more than 6,400 employees serving clients from headquarters in Fairfax, Va., and offices around the world. For additional information on SRA, please visit www.sra.com.

Any statements in this press release about future expectations, plans, and prospects for SRA, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent our views as of November 17, 2008. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to November 17, 2008.

SOURCE SRA International, Inc.

http://www.sra.com

The goal of LSSN is to fully integrate its disparate IT systems and communications networks into a wholly owned computing and communications enterprise environment called PFPA Life Safety Security Network. SRA will continue to integrate and expand PFPA's existing LSSN so that PFPA can more effectively execute their mission and operate more economically. SRA also will provide processes that span the agency's project life cycle and fully integrate help desk, infrastructure, architecture, information assurance and management tasks.

"Based on SRA's long-term partnership, we understand PFPA's unique mission, culture and the LSSN environment," said SRA Senior Vice President, National Security Sector Pat Burke. "We also understand the management and resource challenges associated with conducting operational and strategic level IT planning, which is essential to help PFPA be the premier Public Safety and Law Enforcement organization within DOD."

About SRA International, Inc.

SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; contract research organization (CRO) services; cybersecurity; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; strategic management consulting; systems engineering; and wireless integration.

FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for nine consecutive years. The company and its subsidiaries employ more than 6,400 employees serving clients from headquarters in Fairfax, Va., and offices around the world. For additional information on SRA, please visit www.sra.com.

Any statements in this press release about future expectations, plans, and prospects for SRA, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent our views as of November 4, 2008. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to November 4, 2008.

SOURCE SRA International, Inc.

http://www.sra.com/

These first quarter financial results include the effect of the Interface & Control Systems acquisition as of July 2, the Era Corporation acquisition as of July 30, and the Constella Futures divestiture as of September 2.

The first quarter results include a $1.9 million non-operating gain from the sale of Futures, while operating profits from the Futures and Era businesses were lower than expected.

SRA is reaffirming its FY09 annual revenue guidance range of $1.54 billion to $1.60 billion. As a result of political and economic turmoil in Era's international customer set, SRA is anticipating delays in new product orders. SRA has reduced its range of earnings guidance for the year by $0.13 at the high end and $0.18 at the low end. Thus the new guidance for diluted earnings per share is $1.12 to $1.22.

SRA President and CEO Stan Sloane said, "Our first quarter contract awards demonstrate solid progress in the core services business. Our diversified customer portfolio, with strategically valuable exposure to federal civilian agencies including public health customers, gives us confidence in our long- term outlook, particularly in light of yesterday's elections."

"On the product side, particularly in the Era business, we're anticipating delays in signing new orders. This is not unusual in a product business, particularly in light of the global political and economic situation. While we're disappointed with the situation, we continue to have high expectations for our integrated technology and services strategy going forward."

CFO and Executive Vice President of Operations Steve Hughes added, "Our FY09 forecast is essentially unchanged for the core services business, but the delays we are anticipating in our products business would have a substantial effect on the timing of our earnings, leading to the reduction in earnings guidance."

New Business Awards

The Company won new business in the first quarter with potential value of $805 million, if all options are exercised. As of September 30, 2008, the Company's backlog of signed business orders was $4.2 billion, an increase of 3.5% year-over-year. Funded backlog increased 11% year-over-year to $840 million.

Major highlights of competitive contract awards in the quarter include:

-- Small Business Administration (SBA), Loan Management and Accounting System (LMAS). SRA was awarded a ten-year blanket purchase agreement worth up to $250 million to replace and modernize SBA's LMAS system. Three task orders have been awarded to date with a combined value of $26 million.

-- Federal Aviation Administration (FAA), Cyber Security Management Center (CSMC). The FAA awarded SRA a five-year, $56 million contract to support the CSMC, which is established as the focal point for information security incident prevention and analysis for the Department of Transportation. Cybersecurity, information assurance and infrastructure protection are areas of critical and growing need across the Company's customer base.

-- U.S. Air Force, Information Operations/Cyber Exploitation Research (ICER). SRA won a five-year, $49 million contract to continue assessing and enhancing the performance of Air Force personnel in their interaction with cyberspace technology. The Company's team of behavioral scientists and engineers conducts these state-of-the-art activities for the Air Force Research Laboratory.

-- Department of State, Worldwide Refugee Admissions Processing System (WRAPS). The State Department awarded SRA a three-year, $35 million contract to operate and enhance the WRAPS system for refugee applications, reception and placement in the U.S.

-- U.S. Army, Installation Support Modules and Range Facility Management Support System (ISM/RFMSS). SRA won a $29 million recompete contract that combines two Army business process modernization programs. The ISM module provides users with Web-based applications supporting personnel functions, and the RFMSS system schedules and manages firing range operations.

Share Buyback

In the September 2008 quarter, the Company repurchased just under one million shares of SRA stock, deploying about $21.4 million in cash.

Forward Guidance

The Company is reaffirming its revenue guidance and reducing its earnings guidance for FY 2009. The previous range of diluted earnings per share was $1.30 to $1.35. We are reducing FY09 diluted earnings per share guidance to $1.12 to $1.22 per share. The $0.13 to $0.18 reduction primarily results from anticipated delays of order signings in the Era products business. While management continues to expect these contracts to be signed and completed, a portion of the revenue and earnings is unlikely to be recognized in FY 2009. SRA has chosen to take a cautious view given the global economic and political challenges facing the international government customers involved.

The table below represents management's current expectations about the Company's future financial performance, based on information available at this time. The forward guidance in this table does not include any effect for acquisitions that SRA might make in the future.

                            Fiscal Year Ending             Growth from
    Measure                    June 30, 2009             FY 2008 to 2009

    Revenue             $1.54 billion to $1.60 billion      2% to 6%
    Diluted earnings
     per share                $1.12 to $1.22               -10% to -2%

Conference Call

SRA senior management will hold a conference call to discuss these operating results and forward guidance today at 5:00 PM Eastern. Interested parties may listen to the conference call by dialing 888-287-9905 (U.S./Canada) or 706-643-7540 (Other) with passcode 67928778. The conference call will be Webcast simultaneously through a link on the SRA Web site (www.sra.com). A replay of the conference call will be available approximately two hours after the conclusion of the call on November 5, 2008 through November 19, 2008 by dialing 800-642-1687 (U.S./Canada) or 706-645- 9291 (Other) and entering passcode 67928778.

Any statements in this press release about future expectations, plans, and prospects for SRA, including guidance about future financial results and statements about the estimated value of contracts and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies, particularly within the U.S. Department of Defense, for a substantial majority of our revenue; our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business; our ability to attract and retain skilled employees; any reductions in or reallocations of the U.S. defense budget or the budgets for civil government agencies; the market price of the company's stock prevailing from time to time; the nature of other investment opportunities presented to the company from time to time; the company's cash flows from operations; and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on August 28, 2008. In addition, the forward-looking statements included in this press release represent our views as of November 5, 2008. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward- looking statements should not be relied upon as representing our views as of any date subsequent to November 5, 2008.

           Condensed Consolidated Statements of Operations (Unaudited)
               (in thousands, except share and per share amounts)


                                                       Three Months Ended
                                                 30-Sep-08         30-Sep-07
    Revenue                                       $392,355          $364,127
    Operating costs and expenses:
      Cost of services                             287,822           274,969
      Selling, general and administrative           71,208            53,118
      Depreciation and amortization                  6,878             6,167
      Acquired in-process research and
       development                                   1,100               -
        Total operating costs and expenses         367,008           334,254
    Operating income                                25,347            29,873
    Interest expense                                (1,780)             (853)
    Interest income                                    772             1,599
    Gain on sale of Constella Futures
     Holding, LLC                                    1,939               -
    Income before taxes                             26,278            30,619
    Provision for income taxes                      10,864            12,160
    Net income                                     $15,414           $18,459

    Earnings per share:
      Basic                                          $0.27             $0.32
      Diluted                                        $0.27             $0.31
    Weighted-average shares:
      Basic                                     56,606,521        57,287,034
      Diluted                                   57,974,548        59,152,948



                Condensed Consolidated Balance Sheets (Unaudited)
                                 (in thousands)

                                                            As of
                                                 30-Sep-08         30-Jun-08
    Current assets:
      Cash and cash equivalents                    $93,419          $229,260
      Restricted cash                                  840             1,194
      Accounts receivable, net                     360,094           344,974
      Inventories                                    5,102               -
      Prepaid expenses and other                    32,876            64,159
      Deferred income taxes, current                 9,380            11,544
        Total current assets                       501,711           651,131

    Property, plant and equipment, net              42,084            37,949

    Other assets:
      Goodwill                                     486,856           395,766
      Identified intangibles, net                   53,010            36,813
      Deferred income taxes, noncurrent              3,704             3,217
      Deferred compensation trust                    7,042             7,747
      Notes receivable and other assets             25,626             3,892
        Total other assets                         576,238           447,435

        Total assets                            $1,120,033        $1,136,515

    Current liabilities:
      Accounts payable and accrued expenses       $137,740          $163,927
      Accrued payroll and employee benefits         94,875            99,742
      Billings in excess of revenue recognized      23,007            15,111
      Other current liabilities                     11,821               -
        Total current liabilities                  267,443           278,780

    Long-term liabilities:
      Long-term debt                               150,000           150,000
      Other long-term liabilities                   14,361            14,799
        Total long-term liabilities                164,361           164,799

        Total liabilities                          431,804           443,579


    Stockholders' equity                           688,229           692,936

        Total liabilities and stockholders'
         equity                                 $1,120,033        $1,136,515



           Condensed Consolidated Statements of Cash Flows (Unaudited)
                                 (in thousands)

                                                       Three Months Ended
                                                 30-Sep-08         30-Sep-07
    Cash flows from operating activities:
      Net income                                   $15,414           $18,459
      Adjustments to reconcile net income to
       net cash provided by operating activities:
        Depreciation and amortization                6,878             6,167
        Stock-based compensation                     2,696             2,183
        Deferred income taxes                         (456)           (4,098)
        Gain on sale of Constella Futures
         Holding, LLC                               (1,939)              -
        Acquired in-process research and
         development                                 1,100               -
        Working capital changes, net of the
         effect of acquisitions and divestitures    (9,593)           (1,203)
          Net cash provided by operating
           activities                               14,100            21,508

    Cash flows from investing activities:
      Capital expenditures                          (4,042)           (1,794)
      Payments to Spectrum Solutions Group, Inc.
       shareholders                                 (7,016)              -
      Acquisitions, net of cash acquired          (132,194)         (185,812)
      Issuance of notes receivable                 (17,526)              -
      Proceeds from sale of Constella Futures
       Holding, LLC                                 31,846               -
          Net cash used in investing activities   (128,932)         (187,606)

    Cash flows from financing activities:
      Issuance of common stock                       1,557             6,134
      Tax benefits of stock option exercises           176             1,462
      (Repayments) borrowings under credit
       facility                                       (986)           50,000
      Payment of financing costs                       -                (324)
      Purchase of treasury stock                   (21,756)             (138)
          Net cash (used in) provided by
           financing activities                    (21,009)           57,134

    Net decrease in cash and cash equivalents     (135,841)         (108,964)
    Cash and cash equivalents, beginning of
     period                                        229,260           212,034
    Cash and cash equivalents, end of period       $93,419          $103,070

    Supplemental disclosures of cash flow
     information:
      Cash paid during the period:
        Interest                                    $1,909              $400
        Income taxes                                $4,074            $7,989
      Cash received during the period:
        Interest                                    $1,058            $1,769
        Income taxes                                  $328               $84



      Reconciliation Between Total Revenue Growth and Organic Revenue Growth
                                   (Unaudited)
                                  (in thousands)

Organic revenue growth, as presented, measures revenue growth adjusted for the impact of acquisitions. The Company believes that this non-GAAP financial measure provides useful information because it allows investors to better assess the underlying growth rate of the Company's existing business. This non- GAAP financial measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

                                         Three Months Ended
                                        30-Sep-08  30-Sep-07    % Increase

    Total Revenue, as reported           $392,355   $364,127        7.8%

    Plus: Revenue from acquired
     companies for the comparable
     prior year period                        -       30,265
    Less: Revenue from divested
     companies for the comparable
     prior year period                               (7,231)

    Organic Revenue                      $392,355   $387,161        1.3%

SOURCE SRA International, Inc.

http://www.sra.com