DRC Awarded $3.4M Contract with U.S. Coast Guard Office of Financial Transformation & Compliance Under EAGLE ID/IQ
03 Setembro 2008 - 9:01AM
PR Newswire (US)
ANDOVER, Mass., Sept. 3 /PRNewswire-FirstCall/ -- Dynamics Research
Corporation (NASDAQ:DRCO) today announced that it has been awarded
a $3.43 million task order by the United States Coast Guard through
the Enterprise Acquisition Gateway for Leading Edge Solutions
(EAGLE) Program. The contract, which is for one base year and three
option years, is to assist the Information System Security Manager
(ISSM) in responding to Information Technology (IT) Notices of
Findings and Recommendations (NFR) from recent financial audits.
DRC is the prime contractor, teaming with Total Systems Technology
Corporation, and Kearney & Company for the company's fifth task
order under EAGLE. "DRC is committed to providing high-end
management support services to the Department of Homeland Security
via the EAGLE contract, extending a long legacy of top-line
analysis and enhancements to the policies, procedures, and
processes that help keep the United States secure," said James P.
Regan, DRC's chairman and chief executive officer. "Under this task
order, we will provide support to the Coast Guard in the analysis
of their recent audit results and development of improvements to IT
policies, procedures, and practices in order to ensure that the
audit results are adequately addressed and compliance with DHS
requirements is achieved." In the first phase of this assignment,
DRC will assist the ISSM in analyzing the aforementioned NFRs and
developing effective Plans of Action and Milestones (POAMs) to
remediate control weaknesses identified. Upon completion of the
first phase, DRC will assist the ISSM in assessing the USCG IT
systems, policies, procedures, and practices in place post-NFR
remediation to ensure ongoing compliance with all Department of
Homeland Security requirements, including Federal Information
Security Management Act (FISMA) and the Office of Management and
Budget (OMB) Circular A-123, Appendix A. DRC was selected for the
EAGLE program in Function Category 5: Management Support Services,
due to extensive management services expertise and proven
performance supporting defense, national security and civilian
government. 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;
Reston, 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: Duyen "Jen" Truong, Sage Communications (for
DRC) 703.584.5645 DATASOURCE: Dynamics Research Corporation
CONTACT: Investors, Dave Keleher, SVP and Chief Financial Officer,
+1-978-289-1615, ; or Media, Duyen "Jen" Truong, Sage
Communications (for DRC), +1-703-584-5645, Web site:
http://www.drc.com/
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