Dynamics Research awarded $33 million Army contract.ANDOVER, Mass.--(BUSINESS WIRE)--April 16, 1996--Dynamics Research Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DRCO) announced today that it has been awarded a prime contract by the U.S. Army Aviation and Troop Command (ATCOM ATCOM Aviation and Troop Command ATCOM Army Aviation and Troop Command ATCOM Advanced Tactical Combat Model ATCOM Compilation of ATENT Report ) to provide programmatic support for the acquisition and sustainment of Army aviation systems. The contract, valued at up to $33 million, is under the Army's Programmatic and Technical Support (PATS) program. Services may be provided on a time and materials labor and materials (time and materials) n. what some builders or repair people contract to provide and be paid for, rather than a fixed price or a percentage of the costs. , fixed price, or cost plus fixed-fee basis over the five-year term of the contract and will be performed predominantly in St. Louis, Mo and Huntsville, Ala. Al Rand, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "This win continues DRC's excellent recent record of competitive contract awards. The addition of a prime contract should result in substantial growth of our St. Louis-based business. ATCOM is scheduled to move to Huntsville, Ala., in 1997 and 1998. This contract should provide DRC with a good base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases" base air base, air station - a base for military aircraft army base - a large base of operations for an army from which to purse the larger Huntsville market." Dynamics Research Corp. develops and operates computer and communication-intensive information systems, provides engineering and management support services, and produces precision manufactured components for industrial measurement and control. CONTACT: Dynamics Research Corp., Andover Douglas R. Potter, 508/475-9090 ext. 2174 |
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