Dynamics Research Corporation Receives $5.6 Million Additional Business With the State of Colorado.Business/Aerospace Editors ANDOVER, Mass.--(BUSINESS WIRE)--Jan. 18, 2001 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 received $5.6 million in contract awards from the State of Colorado for supporting and maintaining Department of Human Services information technology systems. Work under the awards is to be performed during 2001. Consolidating infrastructure support requirements for the current year under a state Children Youth and Families (CYF CYF Children, Youth and Families CYF Christian Youth Fellowship CYF Chow Yun Fat (actor) CYF Canadian Youth Foundation CYF Call You Free CYF Cambio Y Fuera (Spanish: Over and Out) CYF Check Your Fly ) contract with DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) , the Department of Human Services exercised a first-year maintenance option of the basic contract. The agency also added funding for supporting its County Financial Management System and for infrastructure and support upgrades for the Colorado Benefits Management System. "This significant commitment by Colorado is a demonstration of the state's belief in DRC's experience and exceptional performance in the implementation of the state-wide CYF infrastructure and our commitment to helping improve services to the citizens of Colorado," said Thomas Kelly This article is about Kelly the cricketer. For other people by the same name, see Thomas Kelly (Disambiguation). Thomas Joseph Dart Kelly (born May 3, 1844, County Waterford, Ireland; died July 20, 1893, Hawthorn, Melbourne, Victoria) was an Australian , DRC vice president of information systems and services. Added Henry Wharton, chief information officer for the Department of Human Services, "The department acknowledges this additional commitment by DRC to step up and consolidate these support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services under one vendor. This action should deliver the efficiencies, flexibility and reliability desired by the state to support this very important network. DRC has proven to be a good partner with the State of Colorado." 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. 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. statement 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: Information statements contained in this news release which are not historical fact such as expectations as to future revenues, involve uncertainty. Such statements are subject to various factors, including uncertainties regarding actual future customer requirements, exercise of contractual options and government funding actions that could cause actual results to differ materially from those set forth in the forward looking statements. These factors are discussed in more detail in the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. |
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