DRCO Dynamics Research Corp. (MM)

Dynamics Research Corporation Sharpens Focus on Government's Mission-Critical Priorities Solutions-Based Organization Will Enable DRC to Further Extend Federal Government Success ANDOVER, Mass., July 1 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO) today announced it has sharpened its government customer focus by consolidating and realigning its operations to better facilitate the execution of its recently developed business growth strategy, better address the mission-critical needs of its customers and further strengthen the delivery of proven solutions-based services. The change is intended to significantly enhance DRC's effectiveness in successfully partnering with existing government customers while positioning the company's solutions as attractive alternatives for new customers to consider and select. Three national priority markets are being specifically targeted by DRC for strong growth: national defense, homeland security, and health and human services. DRC has consolidated several existing business units into two discrete solutions-focused organizations. The Acquisition Management Services Group will focus on delivering DRC's acquisition management solutions primarily to the company's defense related customers. The Systems Engineering and Information Technology Group will focus on delivering DRC's Business Transformation, Automated Case Management, Business Intelligence, Training and Network Engineering solutions to the company's customers in both the federal and state & local market segments. As part of this reorganization, the company has created the new role of Business Solution Development. Additionally, DRC's business development organization has been re-focused to address the company's six Strategic Business Areas (Logistics, C4ISR, Military Space, Homeland Security, Readiness and Health & Human Services). "DRC's 50-year record of highly satisfied federal government customers can be matched by few IT services companies," said James P. Regan, chairman and chief executive officer. "Leveraging this truly exceptional legacy, DRC's forward looking growth strategy aims to further strengthen the company's reputation as a proven provider of the highest quality services. The solutions based organizational realignment being announced today is a logical next step in DRC's continuing process to strengthen its approach to addressing the evolving government market. We will build upon our successful, long-term client relationships, while adding new government customers with mission- critical needs. I see this change as a win-win, benefiting both DRC and its customers." The reorganization follows the appointment of William C. Hoover as DRC's president and chief operating officer in 2003 and the subsequent adoption of business development and market growth strategies to which the new organization is tightly aligned. Concurrently, DRC announced a number of promotions to support the realignment as it moves ahead in the government solutions marketplace. These include: -- Finley Foster, Senior Vice President, Business Development -- Dave Keleher, Senior Vice President, Finance and Administration -- Tom Kelly, Senior Vice President, Systems Engineering and Information Technology -- Bob Smith, Senior Vice President, Acquisition Management Services -- Larry O'Brien, Vice President, Business Solutions Recent DRC wins with Federal agencies include new multi-million dollar contracts with the Department of Transportation, the Missile Defense Agency, the Naval Sea Systems Command, and the Army Research Institute. About Dynamics Research Corporation Dynamics Research Corporation is an innovative solutions provider that partners with its customers to apply proven processes and technologies. For nearly 50 years, DRC has delivered technical and information technology services 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, Vice President & Treasurer (978) 475-9090, Ext. 1309, MEDIA: Al Black, Qorvis Communications (703) 744-7833, DATASOURCE: Dynamics Research Corporation CONTACT: INVESTORS, Elise Caffrey, Vice President & Treasurer of Dynamics Research Corporation, +1-978-475-9090, Ext. 1309, ; or MEDIA, Al Black of Qorvis Communications, +1-703-744-7833, Web site: http://www.drc.com/

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