DRC Awarded $18 Million Task Order Supporting Walter Reed Army Medical Center
ANDOVER, Mass., Sept. 13, 2010 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and technology solutions to federal and state governments, today announced that it was awarded a new task order with the Walter Reed Army Medical Center (WRAMC). The contract, which has a total estimated value of $18 million, began on September 1, 2010 and has a period of performance of 16 months if all options are exercised.
Under the terms of the contract, DRC is providing information technology services and medical program support such as medical transcription, clinical research support, healthcare planning, and Base Realignment and Closure (BRAC) integration and transition support.
"Our investments in DRC's in-house clinical capabilities, combined with our deep IT expertise, have enabled us to deliver a holistic program during a critical transition period," said Jim Regan, DRC's chairman and chief executive officer."The 2005 BRAC recommendations called for transition of WRAMC to the National Naval Medical Center in Bethesda, MD and the Fort Belvoir Community Hospital. About Dynamics Research Corporation Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, engineering 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: Darrow Associates, Inc. Investors: Chris Witty 646.438.9385 firstname.lastname@example.org Sage Communications (for DRC) Media: Matt Warnock 703.207.0941 email@example.com
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