SRS Technologies' largest customers include the Department of Homeland Security, the U.S. Air Force, the National Reconnaissance Office, the National Geospatial-Intelligence Agency, the Missile Defense Agency, and the Defense Advanced Research Projects Agency.
As detailed in its earnings press release from May 1, 2007, ManTech expects SRS to deliver $120 million in revenue for the remainder of 2007. Company executives expect SRS to contribute $27 million in revenue for the remainder of the second quarter.
The Company used cash available and $170 million in borrowings from its new senior secured $300 million credit facility to finance the acquisition.