ANDOVER, Mass., Nov. 5 /PRNewswire-FirstCall/ -- Dynamics Research Corporation (Nasdaq: DRCO), a leading provider of innovative management consulting, engineering, technology and information technology services and solutions to federal and state governments, announced today that it received an $11.4 million task order under the TRICARE Evaluation, Analysis, Management and Support (TEAMS) indefinite delivery and indefinite quantity (ID/IQ) contract, to provide program management support to the traumatic brain injury and psychological health program. The task order, which is under the Office of the Assistant Secretary of Defense for Health Affairs and TRICARE Management Activity, has a one-year base period with four option years.
"DRC is honored to apply our program management expertise on this critical program to support our injured soldiers," said James P. Regan, DRC's chairman, president and CEO. "This first task order under TEAMS provides another important customer in this the DOD health sector, an area we have targeted for growth."
DRC will assist in the coordination of projects, initiatives, and activities in support of implementing the recommendations and requirements within the purview of the Force Health Protection and Policy Programs Directorate. The objectives include improving program coordination, managing funds/budgeting tasks, develop scheduling, streamlining information handling/sharing, monitoring program performance and managing projects portfolio.
DRC was one of 23 companies awarded the TEAMS contract with a total ceiling value of $5 billion. The TEAMS contract provides the Military Health System (MHS) with the ability to order services for its organizational conflict of interest (OCI) Category 2 non-purchased care support needs. This contract has a term of a single base year and nine option years. DRC was selected for the TEAMS vehicle Category 2, Program Management Support, due to extensive management services expertise and proven performance supporting defense, national security and civilian government.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) is a leading provider of mission-critical technology management services and solutions for government programs. DRC offers forward-thinking solutions backed by a history of excellence and customer satisfaction. Founded in 1955, DRC is a publicly held corporation (Nasdaq: DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts; Reston, Virginia; and Fairborn, Ohio. For more information please visit our website at http://www.drc.com.
Safe harbor statements under the Private Securities Litigation Reform
Act 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
CONTACTS: Investors: Chris Witty Media: Marisa Hagerman
Darrow Associates, Inc. Sage Communications
|SOURCE Dynamics Research Corporation|
Copyright©2008 PR Newswire.
All rights reserved