DYNAMICS RESEARCH CORPORATION AWARDED U.S. AIR FORCE CONTRACTS VALUED AT $23 MILLION.The U.S. Air Force Electronic Systems Center has exercised one-year renewal options, effective April 1, 2001, on two information technology service prime contracts with DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) . Revenues from the two renewed contracts are expected to be $23 million over the one-year renewal period, up from $21 million over the previous year. The Electronic Systems Center, headquartered at Hanscom Air Force Base Hanscom Air Force Base, initially and briefly designated Bedford Army Air Base, is a U.S. Air Force facility in Bedford, Massachusetts. It is the headquarters of the Electronic Systems Center (ESC), one of the product centers of the Air Force Materiel Command (AFMC). in Bedford, Mass., is responsible for the development and acquisition of the Air Force's command and control systems. DRC is one of the largest suppliers under the center's information technology services program, providing acquisition management, systems engineering, systems integration, test, evaluation and computer-based training See CBT. (application) Computer-Based Training - (CBT) Training (of humans) done by interaction with a computer. The programs and data used in CBT are known as "courseware." services. The newly exercised options were on contracts, which support the Combat Air Forces and Military Satellite Communications program Software that manages the transmission of data between computers, typically via modem and the serial port. Such programs were very popular for connecting to BBSs before the Internet took off. offices. "These contract renewals affirm the Air Force's satisfaction with the services provided by our employees. We are extremely pleased with this expression of confidence in DRC and look forward to a continued, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationship with this valued customer," said James P. Regan, president and chief executive officer. 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. is an innovative solutions provider partnering with 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 mission critical systems. |
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