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ANDOVER, Mass., Aug. 25, 2009 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and information technology services and solutions to federal and state governments, today announced it has been awarded a task order for $3.4 million, for a performance period of one base year and two one-year options. DRC will support the Air Force Global Cyberspace Integration Center providing engineering services and program management support to the Air Combat Command Tactical Satellite Terminals and the Single Integrated Air Picture program.
"DRC brings a wealth of technical knowledge and skills in system engineering and acquisition analysis and have performed these efforts for the Air Force for many years," said Jim Regan, DRC's chairman and CEO. "This is our first task order under the LMSS contract, which enables DRC to deliver quality logistics systems and services to support joint service initiatives across the Department of Defense."
This task order is the company's first award under the Defense Department's indefinite delivery and indefinite quantity Logistics, Maintenance and Supply Support contract, known as LMSS. DRC was one of six prime contractors awarded the DoD's LMSS contract in May 2008 to provide lifecycle management services across the Defense Department Services. Awarded through the U.S. Army's Program Executive Office for Enterprise Information Systems, the five year LMSS contract has a ceiling value for all contractors of $268 million.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) is a leading provider of mission-critical technology management services and solutions for government programs. DRC offers the capabilities of a large company and the responsiveness of a small company, backed by a history of excellence and customer satisfaction. Founded in 1955, DRC is a publicly held corporation (Nasdaq:DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts and the Washington, D.C region. For more information please visit our website at www.drc.com.
Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Some statements contained or implied in this news release, may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company's financial results, please refer to DRC's most recent filings with the SEC. The company assumes no obligation to update any forward-looking information.
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