DRC Awarded $50 Million Department of Defense Engineering Contract
30 Oktober 2013 - 1:00PM
Dynamics Research Corporation (Nasdaq:DRCO), a leading technology
and management consulting company focused on driving performance,
process and results for government clients, today announced it is
one of four companies awarded a $50 million Corrosion Prevention
indefinite delivery/indefinite quantity contract to support the
Office of Corrosion Policy and Oversight within the Office of the
Under Secretary of Defense for Acquisition, Technology and
Logistics. The contract has a 5-year period of performance.
The Office of Corrosion Policy and Oversight is responsible for
addressing the needs and meeting the goals of the Department of
Defense's Corrosion Prevention and Mitigation Program. The
Corrosion Office develops Corrosion Prevention and Control
strategies and oversees their implementation. Under the terms
of the contract, DRC will provide a broad range of analytic,
scientific, engineering and management services applied to policy
development, guidance, best practices, outreach, and program review
for corrosion prevention and control.
"We are pleased to be expanding our services within the Office
of the Under Secretary of Defense for Acquisition, Technology and
Logistics," said Jim Regan, DRC's chairman and chief executive
officer. "The Corrosion Prevention and Mitigation Program is a key
Department of Defense initiative aimed at extending the lifecycle
of equipment, systems and infrastructure."
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides technology and
management consulting solutions focused on driving performance,
process and results for government clients. DRC offers
innovative solutions and delivers rock solid results. DRC has
large company capabilities and small company agility. 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.
Certain statements contained in this news release, which are not
historical facts or are related to future plans, events, revenues
and earnings expectations, objectives and outlooks are forward
looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and, by their nature, are uncertain
and subject to a number of risks and uncertainties that could
adversely affect the Company's results. We can provide no
assurance that these statements will prove to be
correct. Consequently, actual results could materially differ
from these statements. For more detailed information
concerning how these risks and uncertainties could affect the
Company's financial results, please refer to DRC's most recent
forms 10-K and 10-Q and other documents filed with the Securities
and Exchange Commission. Further, the Company is under no duty
or obligation to update or revise any forward looking statements as
a result of events or new information.
CONTACT: Investors:
Chris Witty
Darrow Associates, Inc.
646.438.9385
cwitty@darrowir.com
Media:
Ilina Dimitrova
Sage Communications (for DRC)
703.531.8256
ilinad@aboutsage.com
Dynamics Research Corp. (MM) (NASDAQ:DRCO)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Dynamics Research Corp. (MM) (NASDAQ:DRCO)
Historical Stock Chart
Von Nov 2023 bis Nov 2024