ANDOVER, Mass., May 9, 2011 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and technology solutions, today announced that it has been awarded two delivery orders with a combined value of $24.5 million for a base year with an additional option year period of performance. These contracts allow DRC to continue its efforts supporting mission-critical services in conjunction with the Unmanned Aircraft System (UAS) Predator/Reaper program.
Under the terms of the orders, DRC will provide the Medium Altitude UAS Division with support in critical areas focused on research and resolution of data rights for the entire Medium Altitude UAS program, as outlined in a new delivery order valued at $5.6 million. DRC will also provide program management, analysis and engineering in the second order valued at $18.9 million, continuing work that dates from 2008.
"These wins build on our growing support to the Medium Altitude UAS Predator/Reaper program and the vital role it plays in the national defense strategy," said Jim Regan, DRC's chairman and chief executive officer. "DRC's expertise with strategic Air Force programs has allowed us to build a strong presence within this vital program."
These delivery orders were awarded under the LMSS contract, a five-year Indefinite Delivery/Indefinite Quantity (ID/IQ) effort providing total life cycle systems management support for business process services, solutions for Department of Defense logistics, maintenance and supply support functions, and associated technologies.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management, 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.