DRCO Dynamics Research Corp. (MM)

ANDOVER, Mass., Aug. 16 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced the U.S. Army Training, Doctrine and Combat Development Directorate at Ft. Knox has awarded the company a new Indefinite Delivery-Indefinite Quantity (ID/IQ) contract with a ceiling of $97 million to provide doctrine and training services. Awards received from the ID/IQ will be serviced out of the DRC office that opened today in Radcliff, Kentucky. Initial task orders were issued concurrent with the award and are currently being bid. "This is a great start for our new office in Radcliff," said Jim Regan, DRC's chairman and chief executive officer. "Fort Knox represents an important customer for Dynamics Research Corporation, and we are committed to providing superior training and performance support to the U.S. Army Training, Doctrine and Combat Development Directorate." Under the scope of the award, DRC will provide Training, Doctrine, and Combat Development functions associated with modular and future combat systems (FCS) equipped forces. Specifically, work would update armor-proponent training products, programs, and strategies in support of the mounted force, and could directly impact mounted combat systems, reconnaissance and security vehicles, command and control vehicles and armed robotic vehicles. The Training, Doctrine and Combat Development Directorate awarded five prime contracts for these services. DRC's staff expertise, past performance and knowledge of Army Transformation were some of the primary drivers resulting in the award. About Dynamics Research Corporation Dynamics Research Corporation is an innovative solutions provider that partners with its customers to apply proven processes and technologies. For 50 years, DRC has delivered technical and information technology services that enhance the performance and cost effectiveness of its customers' mission critical systems. For additional information about DRC please visit the website at http://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. CONTACTS: Investors: Elise Caffrey, Vice President & Treasurer (978) 289-1545, Media: Geoff Livingston (703) 748-0300, Ext. 203, DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Elise Caffrey, Vice President & Treasurer of Dynamics Research Corporation, +1-978-289-1545, ; or Media: Geoff Livingston for Dynamics Research Corporation, +1-703-748-0300, Ext. 203, Web site: http://www.drc.com/

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