DRCO Dynamics Research Corp. (MM)

Dynamics Research Corporation Awarded $2.5 Million IRS Contract to Modernize Legacy Systems ANDOVER, Mass., Feb. 26 /PRNewswire-FirstCall/ -- Dynamics Research Corporation today announced that it has been awarded a nine month, $2.5 million contractby the Internal Revenue Service to modernize the agency's information technology systems and legacy databases. The IRS faces a daunting challenge that extends across all Federal government agencies to modernize its information technology systems quickly, efficiently, and cost-effectively. For this contract, DRC will partner with Oracle Corporation (NASDAQ:ORCL) to execute and support the conversion of the IRS' legacy DB2 databases to Oracle databases, a transition process that will significantly aidand support the agency's modernization efforts. The indefinite delivery, indefinite quantity (IDIQ) contract initiated February 23, 2004 falls under the Treasury Information Processing Support Services (TIPSS) contract vehicle. As the IRS continues toplace more of its information technology modernization efforts within this vehicle, DRC, as a prime contractor under TIPSS, is well positioned to partner with the IRS on additional modernization efforts going forward. "We have been working with the IRS for several years to support the agency's modernization efforts," said William Hoover, DRC president and chief operating officer. "This contract is a testament to our excellent relationship with the IRS and DRC's reputation for delivering excellent service and technical expertise to the agency." This contract builds upon the full life-cycle information technology support that DRC has provided for the IRS under the Compliance Research Information System (CRIS) Project. A corporate enterprise-wide IRS research tool, CRIS supports a scientific, statistical method of developing compliance research data on which decisions can be made regarding causes of noncompliance. DRC has been performing work for the IRS under the CRIS project since October 2000. About Dynamics Research Corporation Dynamics Research Corporation is an innovative solutions provider that partners with its customers in government and commercial sectors to apply proven processes and technologies. DRC delivers engineering, logistics, training, simulation & modeling and information technology services and precision manufactured products that enhance the performance and cost effectiveness of its customers' mission critical systems. For additional information about DRC please visit the 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: Elise Caffrey, Treasurer & Director, Investor Relations (978) 475-9090, Ext. 1309 Media: Brian Lustig, Qorvis Communications (703) 744-7826 DATASOURCE: Dynamics Research Corporation CONTACT: Investors: Elise Caffrey, Treasurer & Director, Investor Relations, +1-978- 475-9090, ext. 1309 or Media: Brian Lustig of Qorvis Communications, +1-703- 744-7826 Web site: http://www.drc.com/

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