Dynamics Research awarded $3 million in contracts to support F/A-22 and Unmanned Combat Air Vehicle programs.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. has announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. HJ Ford, has received new prime contract awards totaling $3 million for Advisory & Assistance Services to the Aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau Systems Center at Wright-Patterson Air Force Base Wright-Patterson Air Force Base, U.S. military installation, 8,023 acres (3,247 hectares), W Ohio, NE of Dayton; est. 1917. One of the largest airport installations in the world, it is the air force's main research and development base, and the headquarters of the in Dayton, Ohio. Support will be provided to both the F/A-22 and Unmanned Combat Air Vehicle The Unmanned Combat Air Vehicle (UCAV) or "combat drones" is the name of a new class of Unmanned Aerial Vehicles (UAVs). They differ from ordinary UAVs, because they are designed to deliver weapons (attack targets) – possibly with a great degree of autonomy. Systems Program Offices over the next 12 months for the delivery of acquisition logistics, systems engineering and other program management services. The F/A-22 RAPTOR is the Air Force's next-generation tactical fighter and is widely regarded as the most advanced fighter in the world. HJ Ford's new role supporting this vital weapon system comes at a critical time when the F/A-22 enters the low rate of initial production phase of its acquisition lifecycle. The value of the F/A-22 award is approximately $2.7 million and has been placed against HJ Ford's 5 year Blanket Purchase Agreement with the Aeronautical Systems Center. The Unmanned Combat Aerial Vehicle award totals approximately $.4 million and will support on-going program management activities related to the migration of the previously unarmed Unmanned Aerial Vehicles
"I am very pleased to receive these new awards for DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) and our subsidiary company, HJ Ford. Given the responsibility of both programs to project combat power and surveillance capability across the war -fighting spectrum, uncompromising support of these systems is a top priority for DRC" said James P. Regan, chairman, president 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, training, simulation & modeling and information technology services and precision manufactured products that enhance the performance and cost effectiveness of its customers' mission critical systems. |
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