DRC To Open New National Capital Region Headquarters
ANDOVER, Mass., Jan. 11, 2011 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting and information technology solutions to federal and state governments, today announced the selection of Clarendon Square in Arlington, Va., as the location for its new national capital region headquarters. With more than 600 employees in the region, the Washington, D.C. area is now DRC's largest operating location. DRC's chairman and chief executive officer, Jim Regan, has relocated his primary office to Northern Virginia, however, functional operations will continue to be located principally at the company's corporate headquarters facility in Andover, Mass.
The new facility, which is expected to open on June 1, 2011, and has been leased for seven years, will consolidate operations currently located in Reston, Va., and the Arlington neighborhoods of Ballston, and Crystal City. The company will continue to maintain national capital region offices serving local customers in Washington, D.C., Columbia, Md., Edgewood, Md., Falls Church, Va., Crystal City and Dumfries, Va., and anticipates no significant change in facilities costs as a result of this transition.
"The strong growth momentum of our federal business was the catalyst for this strategic initiative," said Mr. Regan. "In 2010, approximately 60 percent of our business was concentrated in federal growth markets. This business, which is located primarily in the national capital region, is anticipated to increase to approximately 65 percent of total revenue in 2011, growing in the range of 13 to 15 percent. Consolidating our operational headquarters in the new Clarendon facility will significantly improve organizational effectiveness as we continue to expand our presence in the Washington area."The Clarendon office will include the company's newly formed Federal Group headquarters, as well as a demonstration center, a training center and DRC executive offices. "The high visibility Clarendon location brings us closer to many customers. This proximity along with strong and efficient service from our functional offices in Andover positions us well to provide superb service to our clients," said Paul Strasser, DRC's Federal Group senior vice president and general manager.
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