DRCO Dynamics Research Corp. (MM)

ANDOVER, Mass., Nov. 1 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced that it has been awarded a contract valued at nearly $29 million by the Federal Deposit Insurance Corporation, based in Arlington, Virginia to provide Business Analysis and Management Support Services (BAMSS). The contract is for seven and one-half years, consisting of an eighteen-month base period and six one-year option periods. The initial base period task orders worth nearly $5 million have been awarded. The BAMSS charter is to ensure that all system development projects adhere to specific development, quality assurance, process improvement, and internal FDIC requirement guidelines. DRC has been asked to promote, monitor and manage those system development projects to create a more efficient and effective deployment program. "This award significantly expands our current work with the FDIC and underscores the successful business relationship we have developed supporting the FDIC with independent testing, software quality assurance, and configuration and release management services over the past three years. DRC has a very successful record of understanding the FDIC business, as well as the major applications and multiple other business support applications in the FDIC IT environment," said DRC Senior Vice President and General Manager Jeanne LeFevre. 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) 978. 289.1615 703.584.5645 DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Dave Keleher, SVP and Chief Financial Officer 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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