ANDOVER, Mass., March 17, 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 was awarded a contract, valued at $3.6 million, with the Department of Defense's Joint Strike Fighter Program Office to identify for the F-135 engine high priority cost reduction areas of focus, analyze and identify specific cost reduction opportunities, and estimate the cost savings of proposed recommendations. The scope of the analysis includes the entire F-135 supply chain. The task order, which has a base period of performance of six months, was awarded under the Logistics, Maintenance and Supply Support contract vehicle.
"This new task order will give DRC the opportunity to demonstrate our robust technical expertise in supporting the Department of Defense in optimizing operations, maximizing efficiency, and streamlining costs," said Jim Regan, DRC's chairman and chief executive officer. "The contract expands on our existing work with all three of the JSF Tier 2.0 Product Teams, which puts us in a unique position to address agency-wide challenges and pioneer long-term improvements."
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.