Company Profile: SRC, Inc.

Background

Overview

SRC, Inc., formerly known as Syracuse Research Corporation, is an independent, not-for-profit research and development company headquartered in Syracuse, New York. Established in 1957, SRC specializes in defense, environmental, and intelligence sectors, focusing on advanced radar, electronic warfare, communications systems, and environmental science. The company is chartered by the State of New York and operates multiple facilities across the United States.

Mission and Vision

SRC is committed to redefining possible by applying science, technology, and information to solve complex challenges in defense, environment, and intelligence. The organization aims to deliver innovative solutions that enhance national security and environmental sustainability.

Industry Significance

As a not-for-profit entity, SRC reinvests all earnings into technology, employees, and communities, distinguishing itself from traditional for-profit organizations. This model enables SRC to focus on long-term, mission-driven projects that address critical national needs.

Key Strategic Focus

Core Objectives

SRC's primary objectives include advancing defense technologies, promoting environmental sustainability, and enhancing intelligence capabilities. The company seeks to provide innovative solutions that address complex challenges in these domains.

Areas of Specialization

Defense: Development of advanced radar, electronic warfare, and communications systems for land, sea, air, and space applications.

Environment: Conducting research in environmental chemistry, toxicology, and risk assessment to support environmental protection initiatives.

Intelligence: Providing intelligence solutions to enhance national security and support defense operations.

Key Technologies Utilized

SRC employs cutting-edge technologies in radar systems, electronic warfare, communications, and environmental analysis to deliver high-quality solutions.

Primary Markets and Conditions Targeted

SRC primarily serves the U.S. Department of Defense, Department of Homeland Security, intelligence community, and environmental agencies, addressing national security and environmental challenges.

Financials and Funding

Funding History

As a not-for-profit organization, SRC does not rely on traditional funding rounds or external investors. Instead, it generates revenue through contracts with government agencies and reinvests earnings into its operations and mission-driven projects.

Utilization of Capital

SRC allocates its resources toward research and development, technological innovation, employee development, and community engagement, ensuring the advancement of its mission and objectives.

Pipeline Development

Key Pipeline Candidates

SRC is involved in the development of various defense technologies, including:

CREW Duke System (AN/VLQ-12): A counter-radio-controlled improvised explosive device (RCIED) system designed to protect military personnel from remote-detonated explosives.

LCMR Counterfire Radars (AN/TPQ-48, AN/TPQ-49, AN/TPQ-50): Radars developed to detect and locate enemy artillery, mortars, and rockets, providing critical information for counterfire operations.

Silent Archer® Counter UAS Technology: A system designed to detect, identify, and defeat unmanned aerial systems (UAS) threats.

Stages of Development

These technologies are in various stages of development, from initial research and prototyping to deployment and operational support.

Target Conditions and Timelines

The development of these technologies aims to address evolving threats in defense and security. Specific timelines for milestones are typically aligned with contractual agreements and operational requirements.

Technological Platform and Innovation

Proprietary Technologies

SRC has developed proprietary technologies in electronic warfare, radar systems, and environmental analysis, contributing to advancements in defense and environmental sectors.

Significant Scientific Methods

The company employs advanced scientific methodologies, including environmental chemistry analyses, toxicological assessments, and risk evaluation techniques, to support its environmental initiatives.

Leadership Team

Key Executives

Kevin Hair: President of SRC, Inc., leading the organization with a focus on innovation and mission-driven solutions.

Professional Backgrounds and Contributions

Kevin Hair has extensive experience in research and development, guiding SRC in its commitment to redefining possible in defense, environment, and intelligence sectors.

Competitor Profile

Market Insights and Dynamics

The defense and environmental research sectors are characterized by rapid technological advancements and evolving security challenges. Organizations like SRC play a crucial role in addressing these challenges through innovative solutions.

Competitor Analysis

SRC's primary competitors include:

Draper: A non-profit research and development organization specializing in defense, aerospace, and biomedical sectors.

SRI International: A non-profit scientific research institute focusing on a wide range of disciplines, including defense, health, and energy.

MITRE Corporation: A not-for-profit organization that manages federally funded research and development centers, providing technical expertise in various domains.

Strategic Collaborations and Partnerships

SRC collaborates with various government agencies, including the U.S. Department of Defense, Department of Homeland Security, and the intelligence community, to develop and deploy advanced technologies.

Operational Insights

SRC's not-for-profit model allows for reinvestment of earnings into research and development, fostering innovation and long-term sustainability. This approach differentiates SRC from for-profit competitors and aligns with its mission-driven objectives.

Strategic Opportunities and Future Directions

Strategic Roadmap

SRC aims to expand its technological capabilities in electronic warfare, radar systems, and environmental sciences, addressing emerging threats and challenges. The organization is also focusing on enhancing its manufacturing capabilities through subsidiaries like SRCTec, LLC.

Future Business Directions

SRC plans to continue its growth by developing innovative solutions that meet the evolving needs of its government and commercial clients, ensuring national security and environmental protection.

Opportunities for Expansion

The organization is exploring opportunities to expand its market presence by leveraging its technological expertise and not-for-profit model to attract new partnerships and contracts.