DRC Awarded $4 Million Contract to Support the Joint Strike Fighter Program.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--May 6, 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 has been awarded a four-year contract valued at $4 million to provide modeling, simulation, and supportability analysis services to the U.S. Defense Department Joint Strike Fighter Program The Joint Strike Fighter (JSF) became synonymous with the later F-35 Lightning II, however until 2001 the term was applied to the competition between the Boeing X-32 and Lockheed Martin X-35. Office. This prime contract requires the performance of specific analysis and trade studies during the program's system development and demonstration phase. DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) will evaluate expected performance of the aircraft and system being developed by Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Corporation, the prime air system contractor, against key mission and support metrics such as sortie generation rates, logistics footprint and mission reliability. Additionally, DRC will assist the Joint Strike Fighter Program Office with the continued development of the autonomic logistics concept and related requirements. Since 1995 DRC has provided logistics modeling and simulation support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the program and has supported the autonomic logistics effort. "DRC is pleased to continue providing these important services in developing the capabilities of our country's next-generation fighter aircraft fighter aircraft Aircraft designed primarily to secure control of essential airspace by destroying enemy aircraft in combat. Designed for high speed and maneuverability, they are armed with weapons capable of striking other aircraft in flight. . Our modeling and simulation expertise is perfectly suited for the autonomic logistics environment, and is certain to be vital to the development of this important weapon system. We look forward to continuing a long and productive relationship with the program office," said James P. Regan, DRC's chairman and chief executive officer. 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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