Dynamics Research Corporation Receives U.S. Air Force Task Orders Valued at $7 Million
25 Junho 2007 - 2:42PM
PR Newswire (US)
Company to Continue and Expand support to the Air Force Electronic
Systems Center ANDOVER, Mass., June 25 /PRNewswire-FirstCall/ --
Dynamics Research Corporation (NASDAQ:DRCO) today announced that it
has won two task orders as a subcontractor to Quantech Services,
Incorporated on the previously awarded Professional Acquisition
Support Services (PASS) IDIQ contract with the U.S. Air Force's
Electronic Systems Center (ESC). These 5-year task orders, which
have an estimated total value of $7.3 million and include one base
year and 4 option periods, will provide incremental annual revenue
growth of approximately $1.3 million to the company, or $6.5
million total, if all options are exercised. The efforts will
specifically support the 753rd Electronic Systems Group and other
Electronic System Center staff organizations with a wide range of
acquisition support services in the command and control enterprise
integration arena and other programmatic services domains. Quantech
Services, Incorporated is one of 8 small businesses awarded a PASS
contract by ESC to provide a wide range of non-technical
acquisition support services, including support of research,
development and production activities at Hanscom Air Force Base,
Massachusetts and other geographically separated units. "DRC is
pleased the Air Force has selected the Quantech team and DRC as
their preferred provider for these services. We look forward to
continuing to provide these Air Force program offices with the
expertise need to successfully carryout their missions in these
challenging times," said Robert L. Smith, DRC senior vice president
and general manager of the Acquisition Management and Engineering
Group. About Dynamics Research Corporation Dynamics Research
Corporation (DRC) is a leading provider of mission- critical
technology management services and solutions for government
programs. DRC offers forward-thinking solutions 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;
Vienna, Virginia; and Fairborn, Ohio. For more information please
visit our 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.
Investors: Dave Keleher SVP and Chief Financial Officer
978.289.1615 Media: Duyen "Jen" Truong Sage Communications (for
DRC) 703.584.5645 DATASOURCE: Dynamics Research Corporation
CONTACT: Investors, Dave Keleher, SVP and Chief Financial Officer
of Dynamics Research Corporation, +1-978-289-1615, ; or Media,
Duyen "Jen" Truong of Sage Communications for DRC, +1-703-584-5645,
Web site: http://www.drc.com/
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