DRC Wins Five-Year, $30M U.S. Army Research Institute Contract
Company to Provide Support to Advance Training and Leader Development for Army Systems
Andover, MA (GLOBE NEWSWIRE) - Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting and information technology solutions to federal and state governments, today announced that it was one of four awardees of the five-year IDIQ contract with the U.S. Army Research Institute, known as TRAIN II. The contract has a $30 million ceiling for all awardees. DRC will provide research and analysis on military training and leader development.
"We are excited about the opportunity to continue our long history of supporting the Army Research Institute in researching and developing state-of-art training and leadership development programs for Army Warfighters," said Jim Regan, DRC's chairman and chief executive officer.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, 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.
SOURCE: Dynamics Research Corporation
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