ANDOVER, Mass., June 29 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (Nasdaq: DRCO) today announced that it has received its first task order under the Air Force's Design and Engineering Support Program (DESP II) contract. The $5.4 million potential value effort, awarded through the Ogden Air Logistics Center at Hill Air Force Base, Utah, involves developmental research supporting the Skill Kitting Inventory Tracking and Technology (SKITT) acquisition initiative. DRC will support the establishment of the Item Unique Identification (IUID) umbrella program for the Air Force's organic depots and will improve asset tracking of repaired, overhauled and manufactured components for accountability, valuation, and life cycle management purposes.
The IUID task falls under the company's previously announced DESP II award, an Indefinite Delivery-Indefinite Quantity (ID/IQ) contract with a ceiling of $1.9 billion to provide design, engineering and technical support services to the Air Force Air Logistics Centers (ALC) through 2012. DRC is one of 10 prime contractors on the award. A systems integrator with a 50-year history of successful support to the DoD, DRC has provided direct support to ALCs since 1991.
"DRC is delighted to support the IUID initiative, as first directed by the Under Secretary of Defense, Acquisition Technology and Logistics," said DRC senior vice president and general manager, Robert L. Smith. "Our efforts will assist in the identification of state-of-the-art asset tracking technology involving DoD compliant, machine-readable, two-dimensional markings for qualified depot assets such as F100 engine parts. DRC is pleased to participate in this leading edge program, and looks forward to supporting the Air Force Depots with the full range of our technical capabilities."
About Dynamics Research Corporation
DRC is headquartered in Andover, Massachusetts and has major offices in Vienna, Virginia and Fairborn, Ohio. The company has 27 additional field offices throughout the United States providing direct support to all branches of the Department of Defense and several state government agencies.
Dynamics Research Corporation is an innovative solutions provider that partners with its customers to apply proven processes and technologies. For more than 50 years, DRC has delivered technical and information technology services that enhance the performance and cost effectiveness of its customers' mission critical systems. For additional information about DRC please visit our website at http://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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