DRC Reports $10 Million in Contract Awards From the Internal Revenue Service
20 Junho 2012 - 10:18AM
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, science and
technology solutions to federal and state governments, today
announced it has been awarded two contracts with the Internal
Revenue Service (IRS). The task orders, valued at $10.2 million,
were awarded under the Total Information Processing Support
Services contract, known as TIPSS-4.
Under the most recent task order award, the company will provide
independent verification and validation services to validate the
Credit Card Processor's systems and ensure the protection of
taxpayer data, maintain secure credit card operations, and enhance
the current production environment. DRC will also be responsible
for the system readiness and accuracy of the credit card program.
This award, which is new business for DRC, is for $2.4 million and
has a 5-year period of performance.
Under a previous award the company is providing independent
verification and validation services and web-based reports and
metadata services for the IRS Office of Research supporting the
Enforcement Revenue Information System and the Compliance Data
Warehouse. This task order, which was a continuation of work being
performed by the company, was for $7.8 million and also has a
5-year period of performance.
TIPSS-4 contracts are the primary procurement vehicles for
technology-related services within the IRS and other Treasury
bureaus. DRC is one of 33 awardees of TIPSS-4 indefinite-delivery,
indefinite-quantity (ID/IQ) contract.
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
dtruong@aboutsage.com
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