DRCO Dynamics Research Corp. (MM)

ANDOVER, Mass., Oct. 2 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) announced today that it is on the winning team for a contract to integrate, field and sustain the Air Force's Air Operation Center (AOC) weapon system. DRC is a member on the Lockheed Martin team that began work on this critical C4ISR project in September. DRC will assist Lockheed Martin in all phases of development from requirements determination through implementation. The indefinite delivery/indefinite quantity, cost-plus-fixed fee, and cost-plus-award fee contract, including funding for operations, maintenance, and sustainment, is worth $589 million. DRC's subcontract with Lockheed Martin will be for up to 10 years. First year revenue is projected to be approximately $5 million. The AOC Weapon System Integrator (WSI) program will integrate and standardize the systems and interfaces across the more than 20 Air Force AOCs to a common hardware and software baseline. This will facilitate moving to a network-centric environment in which incoming data can flow freely and be managed more efficiently. The WSI also will add machine-to-machine interfaces that will increase automation of tasks and provide faster access to incoming intelligence, surveillance and reconnaissance data. "DRC has been successfully providing state-of-the art engineering support to Air Force C4ISR systems for over 20 years," said Jim Regan, DRC's chairman and chief executive officer. "We are pleased to have the opportunity to play a critical role on this important program." 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: Media: Dave Keleher Duyen "Jen" Truong, SVP and Chief Financial Officer Sage Communications (for DRC) 703.584.5645 978. 289.1615 DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Dave Keleher SVP and Chief Financial Officer of Dynamics Research Corporation, +1-703-584-5645, ; or Media: Duyen "Jen" Truong of Sage Communications for DRC, +1-978-289-1615, Web site: http://www.drc.com/

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