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ANDOVER, Mass., Aug. 6, 2012 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, science and technology solutions to federal and state governments, today announced it has been awarded a contract by the Army Contracting Command — National Capital Region to support the Air Force Medium Altitude Unmanned Aircraft Systems Program Office.
The task order, valued at $13 million, has a period of performance of 7.5 months and one option year. This latest task order expands DRC's work with this program by more than 20%, bringing total revenue with the program to approximately $16 million per year. Under the terms of the contract, DRC will expand its support in engineering, logistics, and program management services.
"We have been providing engineering and management services for the Air Force's unmanned systems for more than a decade and as a result bring deep expertise with a long and successful record," said Jim Regan, DRC's chairman and chief executive officer. "We are pleased to continue expanding our relationship with this high priority program." About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, engineering, science and technology solutions. 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.CONTACT: Investors:
Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media:
Duyen "Jen" Truong
Sage Communications (for DRC)
703.584.5645
dtruong@aboutsage.com
