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DRC Awarded $3.9 Million Contract With National Intrepid Center of Excellence

Company to Stand Up New Program Management Office Under TEAMS Task Order

  • Press Release
  • Source: Dynamics Research Corporation
  • On 8:01 am EDT, Thursday October 22, 2009

ANDOVER, Mass., Oct. 22, 2009 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO - News), a leading provider of innovative management consulting, engineering, and technology solutions to federal and state governments, today announced it has been awarded a task order with an estimated value of $3.9 million with the National Intrepid Center of Excellence (NICoE) through the TRICARE Evaluation, Analysis, Management and Support program, or TEAMS contract vehicle. DRC will provide a wide range of program management support services under the task order which has one base year and one option year.

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"DRC is honored to be selected by the National Intrepid Center of Excellence to support its mission in caring for our nation's wounded servicemen and women on the road to recovery," said Jim Regan, DRC's chairman and chief executive officer. "We are committed to bringing forth our proven program management expertise and knowledge gained in supporting the Defense Centers of Excellence to expeditiously set up and administer the new NICoE Program Management Office."

NICoE is an advanced multiservice facility dedicated to research, diagnosis and treatment of military personnel and veterans suffering from traumatic brain injury and psychological health issues. NICoE will also be a platform for the dissemination of initiatives, guidelines and training developed by the Defense Centers of Excellence and other component organizations and will be located on the Navy campus in Bethesda, Md., adjacent to the new Walter Reed National Military Medical Center.

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 - News) 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.

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