DRC Awarded $4 Billion IRS Contract to Provide IT and Management Services
07 Março 2011 - 10:01AM
DRC (Nasdaq:DRCO), a leading provider of innovative management
consulting, engineering, and information technology solutions to
federal and state governments, announced that it was selected by
the Internal Revenue Service as one of 33 awardees for the
Department of Treasury's Total Information Processing Support
Services Information Technology Services contract, known as TIPSS-4
ITS. The $4 billion ceiling, 10-year, indefinite-delivery,
indefinite-quantity contract has a base year and nine, one-year
options.
The TIPSS-4 contracts are the primary procurement vehicles for
technology-related services within the IRS and other Treasury
bureaus. DRC and other contract awardees will be providing
support, which encompasses a large spectrum of services concerning
local microcomputer applications to large-scale integrated legacy
systems, and newly developed systems, as well as security services
and program management.
"This is a very important milestone for DRC as we continue to
grow our IT and project management solutions for financial and
regulatory agencies," said Jim Regan, DRC's chairman and chief
executive officer. "We are excited to bring forward our proven
practices in IT and management services to ensure the IRS, the
Treasury Department, and its bureaus have systems operating with
efficiency and accuracy – a necessity at a time where every dollar
counts for both the government and citizens."
The TIPSS-4 ITS contract is designed to provide the state of the
art, modern technology services throughout the period of
performance of the contract. DRC provides analyses, develops
recommendations and implementation strategies, transitions
large-scale systems and updates existing systems and procedures.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable
performance improvements for government customers through the
delivery of innovative management consulting, engineering and
technology solutions. 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. region. For
more information, please visit our website at 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.
CONTACT: Investors: Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media: Duyen "Jen" Truong
Sage Communications (for DRC)
703.584-5645
duyent@aboutsage.com
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