Company Granted First Option Year to Continue Development of Training Courses
ANDOVER, Mass., April 9, 2009 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and information technology services and solutions to federal and state governments, today announced that the U.S. Army's Armor School and Center Directorate of Training, Doctrine, Combat Development and Experimentation has awarded DRC the first one-year option of the Heavy Brigade Combat Team (HBCT) task order valued at $1.3 million, expanding the scope of work from approximately $600 thousand for the base period of this three-year order. DRC will support the continued development and implementation of the Armor School's HBCT Tactical Leaders Course.
DRC will continue to develop lesson plans focused on Training Development support, and provide Mobile Training Team instruction to Operational Units. This task order facilitates the transition of Mobile Training Team instructors from Ft. Knox, Kentucky to Ft. Benning, Georgia, in the consolidation of the U.S. Army Armor and Infantry Schools into the Maneuver Center of Excellence.
"DRC is honored to continue work under this task order, developing Army training and instructional programs," said Tom Kelly, DRC's senior vice president and general manager for Systems Engineering and Information Technology. "It is our goal to develop quality training programs that define required capabilities for the Army's Infantry, Armor and Calvary and meet the skill requirements of soldiers fighting as a joint force."
This is DRC's fourth task order under the Directorate's Indefinite Delivery-Indefinite Quantity contract, which has a ceiling of $97 million. The task order will be serviced out of DRC's Radcliff/Ft. Knox, Kentucky office.
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 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.
CONTACTS: Darrow Associates, Inc.