ANDOVER, Mass., July 30, 2013 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading technology and management consulting company focused on driving performance, process, and results for government clients, today announced that it has been awarded a Blanket Purchase Agreement for high performance computing software development and technical services at the National Oceanic and Atmospheric Administration (NOAA) Geophysical Fluid Dynamics Laboratory (GFDL). The contract has a ceiling value of $9.7 million and a 3-year period of performance.
Under the terms of the contract, DRC will provide an array of technical, scientific and management support services including application development, high performance computing tools development, network engineering, visualization, data engineering, software optimization, analysis of climate models and strategic planning.
NOAA's GFDL performs comprehensive, long lead-time research to expand the scientific understanding of the physical processes that govern the complex fluid systems of the atmosphere, oceans and their interactions with Earth's biogeochemical cycles. Critical to the GFDL mission is NOAA's high performance computing systems, which include large scalable computers, coupled with archiving systems, analytics, visualization, networking and telecommunications capabilities."Through this contract, DRC will have the opportunity to leverage our core capability of architecting complex predictive modeling, data visualization and high performance computing software to help drive government results," Paul Strasser, senior vice president of DRC's High Performance Technologies Group. "High performance computing is critical to NOAA's scientific research and discovery mission." About Dynamics Research Corporation Dynamics Research Corporation (DRC) provides technology and management consulting solutions focused on driving performance, process and results for government clients. DRC offers innovative solutions and delivers rock solid results. DRC has large company capabilities and small company agility. 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 . Certain statements contained in this news release, which are not historical facts or are related to future plans, events, revenues and earnings expectations, objectives and outlooks are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and, by their nature, are uncertain and subject to a number of risks and uncertainties that could adversely affect the Company's results. We can provide no assurance that these statements will prove to be correct. Consequently, actual results could materially differ from these statements. For more detailed information concerning how these risks and uncertainties could affect the Company's financial results, please refer to DRC's most recent forms 10-K and 10-Q and other documents filed with the Securities and Exchange Commission. Further, the Company is under no duty or obligation to update or revise any forward looking statements as a result of events or new information.
CONTACT: Investors: Chris Witty Darrow Associates, Inc. 646.438.9385 firstname.lastname@example.org Media: Ilina Dimitrova Sage Communications (for DRC) 703.531.8256 email@example.com
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 + 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