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Dynamics Research Corporation Receives Air Force Aircraft Landing Gear Depot Work Worth $2.2 Million

ANDOVER, Mass., June 23 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (NASDAQ: DRCO) today announced that it received its 12th task order under the Air Force’s Design and Engineering Support Program (DESP II) contract. The Aging Landing Gear Life Extension (ALGLE) 08, a $2.2M effort, awarded through the Aeronautical Systems Center (ASC) at Wright Patterson Air Force Base, Ohio, involves providing integrated Landing Gear services, designs, prototypes, repairs, and processes.

Under the terms of the task order, which has a period of performance of 12 months, DRC and subcontractor General Atomics will provide engineering design, prototyping, testing, providing documentation, and/or preparing Production Phase Plans (including cost and schedule parameters). The contract work will be done at Ogden Air Logistics Center at Hill Air Force Base, Utah.

"DRC is pleased to participate in this leading-edge program, and looks forward to supporting the Air Force Depots with the full range of our technical capabilities,” said Robert L. Smith, Senior Vice President and General Manager of DRC’s Acquisition Management and Engineering Group.

DRC has now been awarded 12 tasks on the DESP II contract valued at $45.3 million, with options, and ranks second among the eight small business prime contractors and third overall among all 20 large and small business DESP II primes.

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 forward-thinking solutions 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; Reston, Virginia; and Fairborn, Ohio. For more information please visit our website at http://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:
Investors:
Dave Keleher
SVP and Chief Financial Officer
978.289.1615
dkeleher@drc.com

Media:
Marisa Hagerman
Sage Communications (for DRC)
703.584.5637
marisah@aboutsage.com

SOURCE Dynamics Research Corporation

Web site: http://www.drc.com /
(DRCO)

 

 

 

 

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