DRC Chosen For $460 Million U.S. Air Force Contract
ANDOVER, Mass., Dec. 16, 2010 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and information technology services and solutions, announced today that it has been selected by the U.S. Air Force Electronic Systems Center as one of six awardees for the NETCENTS-2 Enterprise Integration and Service Management (EISM) contract.
Awarded under the $24.2 billion Network-Centric Solutions umbrella, the contract has a ceiling value of $460 million for all awardees and a duration of three base years plus two one-year option periods.
"We are pleased to be among a select group of winners on this highly competitive effort," said Jim Regan, DRC's chairman and chief executive officer. "This award continues our long and successful experience providing innovative information technology solutions to the Air Force. Clearly, helping our customers implement state-of-art IT concepts like service oriented architecture and service management is a strength for DRC."Under the EISM contract the Air Force is expected to procure IT portfolio management analyses, enterprise-wide and cross-domain engineering and architectural analyses, enterprise business process reengineering solutions, the development of enterprise service standards and processes, service performance assessments and scalability planning, and services to develop plans and strategies to implement new Service Oriented Architectures (SOA). 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 email@example.com Sage Communications (for DRC) Media: Matt Warnock 703.207.0941 firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV