ANDOVER, Mass., Jan. 11, 2010 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, and technology solutions to federal and state governments, today announced that it has received two contracts supporting the TRICARE Management Activity's Defense Center of Excellence and the Military Medical Support Office providing program evaluation, administrative and clinical support services. These new task orders, which were awarded under the TRICARE Evaluation, Analysis, Management and Support contract vehicle, have a combined projected value of $13.6 million over a 3-year period of performance.
"DRC is honored to have the ability to play a vital role in the health and well-being of our nation's warfighters," said Jim Regan, DRC's chairman and chief executive officer. "With proven success in both program evaluation and management support services, we will continue to provide high end services to TRICARE and the military health community at large."
For the Defense Center of Excellence DRC is providing clinical and management analysis to aide the agency in conducting Psychological Health and Traumatic Brain Injury program evaluations and site visits. The task order's period of performance is for one base year and one option year.
For the Military Medical Support Office DRC is providing clinical and administrative task support to the Nurse Consultant and Patient Administration sections of the Office's Medical Care Branch at Naval Station, Great Lakes, Illinois.
DRC was one of 23 companies awarded the TEAMS contract, which has a total ceiling value of $5 billion. DRC was selected for the TEAMS vehicle Category 2, Program Management Support, due to extensive management services expertise and proven performance supporting defense, national security and civilian government.
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.