DRCO Dynamics Research Corp. (MM)

Scope of Work Includes Functional and Technical Work for Financial Systems ANDOVER, Mass., Oct. 17 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced that the Naval Surface Warfare Center (NSWC), Port Hueneme Division, awarded the company a $4.4 million contract for functional and technical support of the software suite and systems that comprise the Naval Sea Systems Command (NAVSEA) corporate financial systems. The contract, which began October 1, 2005, includes one base year and two option years. DRC's effort will include the validation of data content that has been migrated from the Real-time Integrated Management System (RIMS) legacy financial system to the new NAVSEA corporate suite of systems. In addition, DRC will provide administrative, accounting, user help desk, test and validation, systems scheduling and interface support to these systems. "DRC is very pleased to have earned the continued confidence of the Naval Surface Warfare Center. This contract renewal extends the 12 years of high quality service and support we have provided for software development and maintenance of the RIMS system and its migration to the NAVSEA corporate financial systems," said DRC's chairman and chief executive officer James P. Regan. About Dynamics Research Corporation DRC is headquartered in Andover, Massachusetts and has major offices in Vienna, Virginia and Fairborn, Ohio. The company has 27 additional field offices throughout the United States providing direct support to all branch services of the Department of Defense. 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. Investors: Elise Caffrey, Vice President & Treasurer, (978) 289-1545 Media: Geoff Livingston (703) 748-0300, Ext. 203 DATASOURCE: Dynamics Research Corporation CONTACT: Elise Caffrey, Vice President & Treasurer, Dynamics Research Corporation, +1-978-289-1545, ; or Geoff Livingston for Dynamics Research Corporation, +1-703-748-0300, Ext. 203, Web site: http://www.drc.com/

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