Dynamics Research Corporation Awarded $29 Million in Air Force Contracts
08 Dezembro 2004 - 11:30AM
PR Newswire (US)
Dynamics Research Corporation Awarded $29 Million in Air Force
Contracts ANDOVER, Mass., Dec. 8 /PRNewswire-FirstCall/ -- Dynamics
Research Corporation (NASDAQ:DRCO) today announced that its wholly
owned subsidiary HJ Ford, has received prime contract awards
totaling $29.2 million in annualized effort for Advisory &
Assistance Services to the Aeronautical Systems Center (ASC) and
Air Force Research Laboratory (AFRL) at Wright-Patterson Air Force
Base, Ohio. The Aeronautical Systems Center work includes 14 task
order renewals totaling $27.8 million supporting the Long Range
Strike, Reconnaissance, Mobility and ACS System Wings, the Training
Aircraft System Group and the F/A- 22 System Program Office over a
performance period of one year. These task order awards have been
made against HJ Ford's 5 year, Blanket Purchase Agreement with the
Aeronautical Systems Center, which requires the delivery of
programmatic services to key Air Force weapons systems management
offices. The Air Force Research Laboratory work, worth $1.4
million, is comprised of the exercise of option 1 of a 5-year
contract supporting the Sensor Development office of Air Force
Research Laboratory. This option has been made against HJ Ford's
Professional Engineering Services GSA contract. William C. Hoover,
DRC president and chief operating officer, said, "DRC and our
subsidiary company, HJ Ford, are delighted to continue our
excellent relationship with both the Aeronautical Systems Center
and Air Force Research Laboratory at Wright-Patterson Air Force
Base. As these weapon systems mature, the vital relationship
between design and sustainability becomes critical to overall
availability of the equipment in the field. DRC's growing
contributions to these programs further highlight customer
confidence in our company, and our ability to deliver quality
service to the warfighter." 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. DATASOURCE: Dynamics Research
Corporation CONTACT: Elise Caffrey, Vice President & Treasurer
of Dynamics Research Corporation, +1-978-475-9090, ext. 1309, ; or
Al Black of Qorvis Communications, +1-703-744-7833, Web site:
http://www.drc.com/
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