ANDOVER, Mass., Oct. 30, 2013 (GLOBE NEWSWIRE) -- 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.
Chris WittyDarrow Associates, Inc.
Ilina DimitrovaSage Communications (for DRC)
Source: Dynamics Research Corporation