ANDOVER, Mass., July 22, 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 that it's been awarded a multiple-award, government-wide blanket purchase agreement (BPA) for performance management and continuous process improvement by the General Services Administration. The contract has a ceiling value of $60 million and a 5-year period of performance.
Under the terms of the contract, DRC will provide strategic business analysis aimed at improving organizational performance. DRC's process improvement methodologies are data driven, integrating Lean Six Sigma, Balanced Scorecard, Analysis of Alternatives, ISO International Standards, Information Technology Infrastructure Library, Capability Maturity Model Integration, Project Management Body of Knowledge and Theory of Constraints and other approaches to best practices. The company will use its Plan, Evaluate, Recommend, Select, Execute, and Sustain process to improve the workflows, methods and information systems used by managers to set strategy and planning, measure performance, monitor execution and report results.
"When it comes to improving government operations, it's important to attack the challenge from both a business management and technology consulting perspective," said Jim Regan, DRC's chairman and chief executive officer. "DRC has a consistent and impressive track record helping government agencies improve their performance and realize millions of dollars in increased efficiencies. Our goal with every engagement is to help our clients' self-sustain best practices and achieve long-lasting, transformational change."
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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