DRC Awarded Additional Unmanned Aerial Vehicle Work Valued at $24.5 Million
09 Maio 2011 - 10:29AM
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, and technology
solutions, today announced that it has been awarded two delivery
orders with a combined value of $24.5 million for a base year with
an additional option year period of performance. These contracts
allow DRC to continue its efforts supporting mission-critical
services in conjunction with the Unmanned Aircraft System (UAS)
Predator/Reaper program.
Under the terms of the orders, DRC will provide the Medium
Altitude UAS Division with support in critical areas focused on
research and resolution of data rights for the entire Medium
Altitude UAS program, as outlined in a new delivery order valued at
$5.6 million. DRC will also provide program management, analysis
and engineering in the second order valued at $18.9 million,
continuing work that dates from 2008.
"These wins build on our growing support to the Medium Altitude
UAS Predator/Reaper program and the vital role it plays in the
national defense strategy," said Jim Regan, DRC's chairman and
chief executive officer. "DRC's expertise with strategic Air Force
programs has allowed us to build a strong presence within this
vital program."
These delivery orders were awarded under the LMSS contract, a
five-year Indefinite Delivery/Indefinite Quantity (ID/IQ) effort
providing total life cycle systems management support for business
process services, solutions for Department of Defense logistics,
maintenance and supply support functions, and associated
technologies.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable
performance improvements for government customers through the
delivery of innovative management, 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
703.584.5645
duyent@aboutsage.com
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