DRCO Dynamics Research Corp. (MM)

ANDOVER, Mass., Sept. 28 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced that it has been awarded a new task order to provide developmental research supporting the General Item Unique Identification program for the Air Force's Air Logistics Center at Hill Air Force Base, Utah. The $1 million task order has an 18-month period of performance and represents the fourth task awarded to DRC this year under its Air Force Design and Engineering Support Program (DESP II) contract. This most recent award brings the number of task orders awarded to DRC to four, for an estimated total value of $18.3 million. Inclusive of this award, DRC ranks first among large business holders of a DESP II contract in terms of both the number of awards and total contract dollars. In a related development, DRC recently received $3 million in additional contract funding directing the early execution of two optional tasks included in the previously announced $5.6 million Skill Kitting Inventory Tracking and Technology acquisition initiative at the Oklahoma City Air Logistics Center. The new funding will be used to immediately begin subsequent phases of the program, accelerating their execution by almost 8 months. "In tandem with our other Item Unique Identification (IUID) initiatives DRC is pleased to provide the fundamental technology necessary to make the overall program a success. This program, as first directed by the Under Secretary of Defense, Acquisition Technology and Logistics, is key to operating the Air Force Depot System in an integrated and efficient manner," said DRC senior vice president and general manager, Robert L. Smith. A systems integrator with a 50-year history of successful support to the DoD, DRC has provided direct support to Air Force Air Logistics Centers since 1991. DRC's work at Hill Air Force Base will aid with the establishment of the umbrella IUID program for all Air Force depots. The program is intended to improve asset tracking of repaired, overhauled and manufactured components for accountability, valuation, and life cycle management purposes. About Dynamics Research Corporation Dynamics Research Corporation (DRC) is a leading provider of mission-critical technology management services and solutions for government programs. DRC offers forward-thinking solutions backed by a history of excellence and customer satisfaction. Founded in 1955, DRC is a publicly held corporation (NASDAQ:DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts; Vienna, Virginia: and Fairborn, Ohio. For more information please visit our 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: Dave Keleher, CFO 978.289.1615 Media: Duyen "Jen" Truong, Sage Communications (for DRC) 703.584.5645 DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Dave Keleher, CFO of Dynamics Research Corporation, +1-978-289-1615, ; or Media: Duyen "Jen" Truong of Sage Communications, for DRC, +1-703-584-5645, Web site: http://www.drc.com/

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