DRCO Dynamics Research Corp. (MM)

DRC to Provide Acquisition Logistics Support ANDOVER, Mass., Jan. 17 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced that the Joint Strike Fighter (JSF) Program Office awarded the company a five-year contract, with one base year and four option years, worth $10.5 million if all options are exercised. DRC's scope of work encompasses a variety of acquisition support services in the areas of autonomics logistics, strategic planning, business operations management, and technical assessment and analysis. "This award provides DRC the contract vehicle to continue our relationship, first begun in 1995, with the Joint Strike Fighter program and reaffirms our commitment to the delivery of value and innovation to the customer," said James P. Regan DRC's president, chairman and CEO. "Our Joint Strike Fighter team understands the importance of this national priority program and we are extremely pleased to continue to be a member the JSFPO team." The contract was competitively awarded through the General Services Administration's FEDSIM contract, and is a follow-on effort to a previous JSF contract awarded in 2002. The current effort, which began January 1, 2006 has a first year total value of $1.9 million and represents 20% incremental growth over the previous levels of effort. Specific work on the program includes: assistance in evaluation and development of acquisition and sustainment strategies, analytical support for government validation and verification of the autonomic logistics system, technical support for JSF models enhancement, business process improvement initiatives and recommendations for performance-based program metrics that capture operational and supportability requirements. 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 more than 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, First Call Analyst: FCMN Contact: ecaffrey@drc.com 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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