Dynamics Research Corporation Receives U.S. Air Force Task Orders Worth $11.8 Million
05 Dezembro 2007 - 4:50PM
PR Newswire (US)
ANDOVER, Mass., Dec. 5 /PRNewswire-FirstCall/ -- Dynamics Research
Corporation (NASDAQ:DRCO), today announced that it has been awarded
five task orders worth up to $11.8 million as a subcontractor to
Quantech Services, Inc. on the previously won Professional
Acquisition Support Services (PASS) Indefinite Deliver/Indefinite
Quantity (ID/IQ) contract. The task orders, part of the $800
million ID/IQ, are to provide a range of non-technical management
support services to the U.S. Air Force's Electronic Systems Center
(ESC) and are for a period of one base year and four options years.
"DRC is honored to join Quantech Services for the PASS task
orders," said Robert L. Smith, senior vice president and general
manager of DRC's Acquisition Management and Engineering Group.
"These awards serve as the fundamental contract platforms for our
continued support of U.S. Air Force's Electronics Systems Center
(ESC) and will allow for uninterrupted delivery of our products and
services to this vital Air Force customer." Under the terms of the
task orders, DRC will provide acquisition program management,
financial management, security management and administrative
support services for the following ESC organizations: Net Centric
Solutions for Integrated C4ISR Enterprise Capabilities, Center
Staff Acquisition Program Office, Global Air Traffic Systems,
Business Information Systems, Financial Information Systems and
Defense Enterprise Accounting Management Systems. Work will be
performed at Hanscom Air Force Base in Bedford, Mass. and at
Wright-Patterson Air Force Base in Dayton, Ohio. PASS is the second
component of a three component effort to replace the current
contract vehicle used to provide Advisory & Assistance Services
(A&AS) support, the $1.4 billion Information Technology
Services Program (ITSP) II, which currently constitutes nearly 40
percent of the ESC workforce. DRC was on the winning Quantech
Services team for the first component -- the four-year, $88 million
Specialized Cost Services (SCS) contract, awarded in November 2006
to only two small businesses. The final component, the $480
million, three-year Engineering and Technology Acquisition Support
Services (ETASS) is expected to be awarded to a single contractor
team by the end of the year. 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 SVP and Chief
Financial Officer 978.289.1615 Media: Marisa Hagerman Sage
Communications (for DRC) 703.584.5637 DATASOURCE: Dynamics Research
Corporation CONTACT: Investors: Dave Keleher, SVP and Chief
Financial Officer of Dynamics Research Corporation,
+1-978-289-1615, ; or Media: Marisa Hagerman of Sage Communications
for DRC, +1-703-584-5637, Web site: http://www.drc.com/
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