ANDOVER, Mass., Aug. 14, 2013 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading technology and management consulting company focused on driving performance, process, and results for government clients, today announced its wholly owned subsidiary, Kadix Systems LLC, has been awarded a Department of Homeland Security (DHS) Enterprise Acquisition Gateway for Leading Edge Solutions (EAGLE) II contract in Functional Category 2, Information Technology Program Support Services. DRC has been a provider of services under the management support services category of the predecessor EAGLE contract.
EAGLE II is a multiple award, Indefinite-Delivery Indefinite-Quality (ID/IQ) contract that serves as the department-wide platform for acquiring IT services with a 5-year base period of performance and a two year option period. Kadix Systems LLC, a DRC Company, was one of 11 awardees in Functional Category 2, Unrestricted Track.
Under the terms of the contact, DRC will compete to provide a full range of business and technical management services in support of department offices or programs including: IT planning, strategic planning, workforce planning, budget execution, performance management, enterprise architecture, data management, information sharing, information security, training, enterprise resource management, and program management office support.
"Since the department's formation, DRC has had a proven track record of excellence in service delivery at the department and has spearheaded the support of its keystone initiatives and most challenging projects," said Jim Regan DRC's chairman and chief executive officer. "This award enables us to continue to provide to the department innovative solutions drawn from our core competencies including systems engineering, high performance computing, enterprise architecture, cybersecurity and IT strategy."
Under the original EAGLE contract DRC provides enterprise architecture services, supports the annual implementation of the Department's Information Security Performance Plan, and supports the development and implementation of the Department's Information Sharing Segment Architecture in addition to a variety of other management and IT support services. Homeland security is a priority market for DRC representing 18 percent of total revenue in 2012.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides technology and management consulting solutions focused on driving performance, process and results for government clients. DRC offers innovative solutions and delivers rock solid results. DRC has large company capabilities and small company agility. Founded in 1955, DRC is a publicly held corporation (Nasdaq:DRCO) and maintains more than 25 offices nationwide with major offices in Andover, Massachusetts and the Washington, D.C. region. For more information please visit our website at www.drc.com.
Certain statements contained in this news release, which are not historical facts or are related to future plans, events, revenues and earnings expectations, objectives and outlooks are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and, by their nature, are uncertain and subject to a number of risks and uncertainties that could adversely affect the Company's results. We can provide no assurance that these statements will prove to be correct. Consequently, actual results could materially differ from these statements. For more detailed information concerning how these risks and uncertainties could affect the Company's financial results, please refer to DRC's most recent forms 10-K and 10-Q and other documents filed with the Securities and Exchange Commission. Further, the Company is under no duty or obligation to update or revise any forward looking statements as a result of events or new information.
CONTACT: Investors: Chris Witty Darrow Associates, Inc. 646.438.9385 firstname.lastname@example.org Media: Ilina Dimitrova Sage Communications (for DRC) 703.531.8256 email@example.com
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