DRC Wins $14.7 Million Veterans Affairs Contract
10 Novembro 2011 - 12:05PM
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, science and
technology solutions to federal and state governments, today
announced that its High Performance Technologies Group has been
awarded a $14.7 million contract with the Department of Veterans
Affairs' Office of Information and Technology.
The contract, which doubles the company's support to the Office,
has a period of performance of one base year and four option years.
Under the terms of the contract, DRC will operate, manage, and
enhance the Budget Tracking Tool, a web-based government
application that allows the Department of Veterans Affairs to
streamline reporting processes, support management functions and
automate business processes.
"We are especially pleased to deepen our partnership with this
client by supporting their internal Budget Tracking Tool and
bringing greater visibility and transparency to the budget
process," said Jim Regan, DRC's chairman and chief executive
officer. "We have been working with the Office on this system for
the last five years and are planning to continue leveraging our
expertise in supporting similar complex government budgeting
processes."
The Budget Tracking Tool supports program budget execution,
reporting, and management functions. The application provides
analysts, managers, and executives with real-time access to budget
formulation, strategic planning, plan development, and execution
data.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable
performance improvements for government customers through the
delivery of innovative management consulting, engineering, science
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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