DRCO Dynamics Research Corp. (MM)

- Company to Provide Quality Management Services to Assist PBGC in Monitoring Compliance for Critical PBGC Systems - ANDOVER, Mass., Nov. 3 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ:DRCO), a leading provider of innovative management consulting, engineering, technology and information technology services and solutions to federal and state governments, today announced that it has received a contract valued at $13.4 million from the Pension Benefit Guaranty Corporation (PBGC) to provide quality management services. The contract is for a one-year base period and nine one-year option periods. DRC will perform quality audits and implement a continuous process improvement (CPI) program to ensure compliance of critical information technology programs with applicable PBGC IT quality requirements. The PBGC, a new client for DRC, is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in over 30,000 private-sector defined benefit pension plans. PBGC must, therefore, maintain reliable, secure information systems to communicate effectively with its stakeholders and safeguard personal and financial data. "DRC's successful track record in providing similar quality management services to other federal financial agencies such as the IRS and FDIC gives us unique capabilities for applying best practices for QM and CPI to this important client," said Jeanne LeFevre, Senior Vice President and General Manager, Federal Solutions Group. "DRC's team of well-qualified professionals has successfully applied industry best practices and blended standards on IT projects to ensure quality, minimize disruptions and achieve customer satisfaction -- all of which are PBGC objectives for support of its Quality Management function." 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 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; Reston, 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. CONTACTS: Investors: Chris Witty Media: Marisa Hagerman Darrow Associates, Inc. Sage Communications 646.438.9385 703.584.5637 DATASOURCE: Dynamics Research Corporation CONTACT: Chris Witty, +1-646-438-9385, of Darrow Associates, Inc.; or Marisa Hagerman, +1-703-584-5637, of Sage Communications Web Site: http://www.drc.com/

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