DRC Awarded $3.6 Million Contract With the Department of Defense's Joint Strike Fighter Program Office
17 Março 2010 - 9:01AM
Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of
innovative management consulting, engineering, and technology
solutions to federal and state governments, today announced that it
was awarded a contract, valued at $3.6 million, with the Department
of Defense's Joint Strike Fighter Program Office to identify for
the F-135 engine high priority cost reduction areas of focus,
analyze and identify specific cost reduction opportunities, and
estimate the cost savings of proposed recommendations. The scope of
the analysis includes the entire F-135 supply chain. The task
order, which has a base period of performance of six months, was
awarded under the Logistics, Maintenance and Supply Support
contract vehicle.
"This new task order will give DRC the opportunity to
demonstrate our robust technical expertise in supporting the
Department of Defense in optimizing operations, maximizing
efficiency, and streamlining costs," said Jim Regan, DRC's chairman
and chief executive officer. "The contract expands on our existing
work with all three of the JSF Tier 2.0 Product Teams, which puts
us in a unique position to address agency-wide challenges and
pioneer long-term improvements."
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: Darrow Associates, Inc.
Investors:
Chris Witty
646.438.9385
cwitty@darrowir.com
Sage Communications
Media:
Marisa Hagerman
703.584.5637
marisah@aboutsage.com
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