ANDOVER, Mass., April 1 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (Nasdaq: DRCO), a leading provider of innovative management consulting, engineering, and information technology services and solutions to federal and state governments, today announced that it was awarded a General Services Administration (GSA) Alliant Government-Wide Acquisition Contract (GWAC). Under the terms of the $50 billion indefinitely delivery, indefinite quantity (ID/IQ) contract, DRC will offer a broad range of information technology (IT) services and business solutions to all Federal agencies.
DRC was one of the initial 29 companies awarded the contract in 2007 to support the federal government's needs in its daily operations, its protection of infrastructure, the fight against terrorism and the development and marketing of emerging technologies. The contract has a five-year base performance period and one five-year option period.
"DRC is committed to providing an outstanding array of solutions to a wide range of customers across the federal sector with the agility, expertise and client service they need to meet their mission critical objectives," said James P. Regan, DRC's chairman and chief executive officer. "GSA's award of this contract to DRC is consistent with our position as a preferred provider of integrated, mission-oriented IT solutions. We look forward to helping drive the success of Alliant as a contract vehicle of choice."
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 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.
CONTACTS:
Investors: Chris Witty Media: Marisa Hagerman
Darrow Associates, Inc. Sage Communications
646.438.9385 703.584.5637
cwitty@darrowir.com marisah@aboutsage.com
SOURCE Dynamics Research Corporation
For further information: Investors, Chris Witty of Darrow Associates, Inc., +1-646-438-9385, cwitty@darrowir.com, Media, Marisa Hagerman of Sage Communications, +1-703-584-5637, marisah@aboutsage.com
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