This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,244.17 +87.32 0.51%
S&P 500 2,007.99 +6.42 0.32%
NASDAQ 4,582.7670 +20.5780 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs