ANDOVER, Mass., Dec. 3, 2012 (GLOBE NEWSWIRE) -- Dynamics Research Corporation (Nasdaq:DRCO), a leading provider of innovative management consulting, engineering, science and technology solutions to federal and state governments, today announced it has been awarded two new task order contracts to support the Military Health System's Defense Centers of Excellence with a combined value of $19.3 million.
Under the first task order, DRC was awarded a $4.4 million contract with a period of performance of two years to identify and develop psychological health and traumatic brain injury treatment best practices.
Under the second task order, the company was awarded a $14.9 million contract with a period of performance of one base year and four option years. DRC is tasked with documenting the results of psychological health and traumatic brain injury clinical and non-clinical programs, supporting clinical conferences and providing technical assistance programs.
"We are thrilled to have the opportunity to leverage our clinical health expertise to support this valued customer," said Jim Regan, DRC's chairman and chief executive officer. "DRC is leading the charge in the development of innovative approaches to delivering safe, effective, and value-driven care for government health organizations."
The Defense Centers of Excellence were established in 2007 with the mission to improve the lives of our nation's service members, families and veterans by advancing excellence in psychological health and traumatic brain injury prevention and care across the Military Health System. The task orders were awarded under the TRICARE Evaluation, Analysis, Management and Support program, or TEAMS, contract.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) provides measurable performance improvements for government customers through the delivery of innovative management consulting, engineering, science and technology solutions. DRC offers the capabilities of a large company and the responsiveness of a small company, 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 and the Washington, D.C. region. For more information please visit our website at 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 forward-looking information.
CONTACT: Investors: Chris Witty Darrow Associates, Inc. 646.438.9385 firstname.lastname@example.org Media: Duyen "Jen" Truong Sage Communications (for DRC) 703.584.5645 email@example.com
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