Analex Corp.

5904 Richmond Hwy.

Year founded: 1964

Industry: aerospace/defense

Post 200 Category: Top 125 Companies

Revenue: $94.42 Million

Net Income/Loss: ($4,346,000.00)

Earnings per share: ($0.64)

Dividend: n/a

Stockholder equity: $32.97 Million

Auditor: Ernst & Young LLP

Stock: NLX

Assets: $74.92 Million

Market capitalization: $45.83 Million

52-week high: 5 12/8/2004

52-week low: 2.6 8/6/2004

Chairman and CEO: Sterling E. Phillips Jr.

President and COO: Michael G. Stolarik

Employees: 939

Local employees: 474

Description: Analex provides information technology and engineering services to government and government contractors in aerospace and national security. The company specializes in space launch missions and intelligence analysis. Analex also provides software engineering and consulting services for medical and manufacturing industries.

Developments: Last year brought big growth for Analex, both in existing business and from a major acquisition. The number of its local employees tripled with last summer's purchase of Beta Analytics Inc., an intelligence analysis and operations security contractor whose major client is the federal Missile Defense Agency. BAI came with that most prized of Beltway contracting commodities: 330 employees with security clearances. Analex also shed one of its business units, divesting its Advanced Biosystems Inc. subsidiary in November. Ken Alibek, chief scientist of Advanced Biosystems and an expert in biological warfare, led a management buyout of the unit. In December, Analex won a $4 million Army contract to provide intelligence and threat analysis for the military's anti-terrorism effort. Revenue climbed 51 percent last year compared with the year before, and operating earnings nearly doubled — spurred in part by the BAI acquisition. Even without the new subsidiary, though, Analex experienced 19 percent growth, better than the 10 percent to 15 percent the company had forecast. The company's common shareholders were hit with a loss for the year, though, because of Analex's non-cash charges for acquisition financing. Analex attracted new institutional investors last year. General Electric Pension Trust and New York Life Capital Partners LLC joined Pequot Capital as major backers, supplying $12 million in financing in return for preferred stock. In March of this year, Analex announced it would buy ComGlobal Systems Inc., a California provider of software engineering and information technology services to the federal government, for $47 million in cash.