Local Business Alert

SRA International to cut more than 200 local employees

Fairfax-based SRA International gave notice to Virginia late last month that it plans to cut 222 employees in Arlington after losing a major contract with the Federal Deposit Insurance Corp.

In a filing with the Securities and Exchange Commission, SRA said the contract it lost represented about 9 percent of the company's revenue in fiscal 2012. The contractor said it expects the contract loss to cost $3.5 to $4 million in operating income in fiscal 2013.

Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/sra-to-trim-more-than-200-arlington-employees/2012/11/06/8da600f2-2845-11e2-bab2-eda299503684_blog.html

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