Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 17, 2002
Words:360
Previous Article:Gloss.com And ELC Online Enter Into E-commerce Agreements With Global Sports.
Next Article:WiproWebsecure Protects Friends Provident's e-Commerce Applications.
Topics:



Related Articles
DYNAMICS RESEARCH CORPORATION AWARDED U.S. AIR FORCE CONTRACTS VALUED AT $23 MILLION.
DRC AWARDED $11.2 M TO SUPPORT THE USAF B-52 SYSTEM PROGRAM OFFICE.
Dynamics research wins $26 million USAF global command and control system contract.
Third Wave Systems: Phase II USAF SBIR project award.
Spirent wins USAF C-17 MFOQA contract.
Dynamics Research awarded $3 million in contracts to support F/A-22 and Unmanned Combat Air Vehicle programs.
Dynamics Research wins $2.3 mil to support defense modeling and simulation office.
Air Force renews contracts for EDO electronic defenses on B-1B bomber.
Program Manager magazine: a quick reference for last year's articles.
Foreign comparative testing program.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles