DRCO Dynamics Research Corp. (MM)

-Fifteen-Year Training and Simulation Legacy Results in Prime Contract Award- ORLANDO, Fla., Feb. 23 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO), a leading provider of innovative management consulting, engineering, and information technology services to federal and state governments, today announced that it was awarded a prime contract under the U.S. Army Program Executive Office Simulation, Training and Instrumentation Omnibus Contract, known as STOC II. The contract is for one base period and three option periods. Under the terms of the contract, DRC will develop and support simulation and training systems to train U.S. soldiers with critical warfighting skills. With a total ceiling value of $17.5 billion over a 10-year period STOC II is the largest Department of Defense multiple-award, Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for training and simulation. Under STOC II the Army will procure a broad range of modeling, simulation, and instrumentation solutions. "DRC has a substantive 15-year presence with the Simulation, Training and Instrumentation acquisition center located in Orlando, Florida," said Jim Regan, DRC's chairman and chief executive officer. "DRC's successful legacy in supporting this Command on past programs such as Warfighters' Simulation and One Semi-Automated Forces (OneSAF) secured the Company a prominent position on this latest contract. STOC II is a follow on contract to the Simulation, Training and Instrumentation Command Omnibus Contract (STOC I), awarded in 2000, an eight-year $4 billion contract. DRC was a key participant on STOC I earning $11.8 million under the OneSAF 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 the capabilities of a large company and the responsiveness of a small company, 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 and the Washington, D.C. area. 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: Chris Witty Darrow Associates, Inc. 646.438.9385 Media: Marisa Hagerman Sage Communications 703.584.5637 DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Chris Witty of Darrow Associates, Inc., +1-646-438-9385, ; Media: Marisa Hagerman of Sage Communications, +1-703-584-5637, Web Site: http://www.drc.com/

Copyright