DRCO Dynamics Research Corp. (MM)

ANDOVER, Mass., Dec. 6 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced that its wholly owned subsidiary HJ Ford has received prime contract awards totaling $34.5 million in annualized revenue for Advisory & Assistance Services to the Aeronautical Systems Center (ASC) and Air Force Research Laboratory (AFRL) at Wright-Patterson Air Force Base, Ohio. This amount represents a 19 percent increase in annual revenues and is comprised of both renewal and new work. The Aeronautical Systems Center work includes $31.8 million of expanded renewal work and $1.3 million of new work. These one-year task order awards were made against HJ Ford's Blanket Purchase Agreement with the Aeronautical Systems Center, which requires the delivery of programmatic services to key Air Force weapon systems management offices. The specific customers supported include the Long Range Strike, Reconnaissance, Mobility and ACS System Wings, the Training Aircraft System Group, and the F/A-22 System Program Office. The Air Force Research Laboratory work, worth $1.4 million, consists of the second option year of a 5-year contract supporting the Sensor Development Office of Air Force Research Laboratory. This option has been made against HJ Ford's Professional Engineering Services GSA contract. "DRC and its subsidiary company, HJ Ford, continue to provide mission- critical services to the Aeronautical Systems Center, the Air Force Research Laboratory, and the warfighters who depend on them," said Robert L. Smith, DRC senior vice president and general manager. "It is quite evident that the Air Force weapon systems we support have performed well in the field, both from a readiness and sustainability perspective. It is with great pride that we provide this service to the Air Force and look forward to continuing this relationship in the future." 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: 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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