DRC Awarded $11.2 Million To Support The USAF B-52 System Program Office.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--May 17, 2002 Dynamics Research Corporation Dynamics Research Corporation (NASDAQ: DRCO) is a United States-based publicly held defense contractor. DRC was founded in 1955 by a small group of engineers from the Charles Stark Draper Laboratory of the Massachusetts Institute of Technology. (Nasdaq: DRCO) today announced it was awarded contracts valued at potentially $11.2 million over the next five years to provide services in support of the U.S. Air Force's B-52 System Program Office (SPO SPO System(s) Program Office SPO System(s) Project Office Spo Schizosaccharomyces Pombe SPO Srpski Pokret Obnove ), headquartered at Tinker Air Force Base in Oklahoma. The contracts, which began May 14, extend DRC's work for the B-52 SPO and the Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm Air Logistics Center, longstanding DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) customers. DRC expects the B-52 program contracts to contribute approximately $1.32 million to revenues for the remainder of 2002 and $2.14 million in 2003. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the terms of the contract awards, DRC is to provide program management, technical, logistics and systems engineering support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . This will include providing assistance with engineering studies and analyses, supporting flight test activities and independent cost analyses of proposed modifications to the B-52. "Since 1991, DRC has continually expanded its presence, initially within Oklahoma City Air Logistics Center, and more recently in the B-52 SPO," said James P. Regan, chairman and chief executive officer. "These competitively awarded contracts further solidify DRC's position as an important supplier of professional technical, logistics and engineering services within the B-52 SPO. We are proud to be doing work that will have a direct effect on the outcome of Air Force combat." Dynamics Research Corporation is an innovative solutions provider that partners with its customers in government and commercial sectors to apply proven processes and technologies. DRC delivers engineering, logistics, and information technology services and precision manufactured products that enhance the performance and cost effectiveness of its customers' mission critical systems. For additional information about the company, please visit the company's website at www.drc.com. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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