Key Developments: Dynamics Research Corp (DRCO.W)
5.95USD
28 Mar 2013
$0.10 (+1.71%)
$5.85
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$9.72
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Latest Key Developments (Source: Significant Developments)
Dynamics Research Corp Lowers Q1 2013 Guidance
Dynamics Research Corp announced that for first quarter of 2013, it now expects revenue is in the range of $71-$74 million and earnings of $0.10 to $0.12 per diluted share(EPS). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $73 million, EPS of $0.14 for the first quarter of 2013. Full Article
Dynamics Research Corp Secures $75 Million Contract With U.S. Army For Software Engineering Support
Dynamics Research Corp announced it is one of 8 companies awarded a $75 million Omnibus II indefinite delivery/indefinite quantity contract to provide infrastructure and CMMI Level 5-compliant software engineering support to the Armament Software Engineering Center of the U.S. Army Armament Research, Development and Engineering Center (ARDEC) at Picatinny Arsenal, New Jersey. The contract has a 5-year period of performance. Under the terms of the contract, DRC will deliver software engineering support services for ARDEC in the following areas: chemical and biological defense; remote weapon system and control unit software; information systems and infrastructure support; and library system management and configuration management. Full Article
Dynamics Research Corp Issues Q1 2013 Guidance Below Analysts' Estimates
Dynamics Research Corp announced that for the first quarter of 2013 it expects revenue in the range of $73 to $75 million and earnings of $0.12 to $0.14 per diluted share(EPS) . According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $77 million, EPS of $0.16 for the first quarter of 2013. Full Article
Dynamics Research Corp's High Performance Technologies, Inc Announces Award of Food and Drug Administration Scientific Computing Contract
Dynamics Research Corp announced its wholly owned subsidiary, High Performance Technologies, Inc., has been awarded a new contract from the Food and Drug Administration (FDA) to provide scientific computing services. The single award task order contract has a ceiling value of $50 million and a five year period of performance, which began September 17, 2012. Under the terms of the contract, DRC will provide a wide range of science and engineering services to support the FDA in leveraging new technologies and ensuring the necessary processing, storage and connectivity support needed to achieve its scientific computing objectives. DRC will work closely with researchers and scientific computing users to facilitate document requirements, perform system analysis, and provide prototypes of new technologies. Full Article
Dynamics Research Corp Secures $19.3 Million In Contracts To Advance Psychological Health And Traumatic Brain Injury Treatment Practices For Military Healthcare
Dynamics Research Corp announced that 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. Full Article
Dynamics Research Corp Lowers FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance; Issues Q4 2012 Guidance; EPS Guidance Below Analysts' Estimates
Dynamics Research Corp announced that for fiscal 2012, it expects revenue is in the range of $317-$321 million and earnings, excluding impairment charges, to be in the range of $0.76-$0.78 per diluted share (EPS). For the fourth quarter of 2012, it expects revenue in the range of $74-$77 million and earnings of $0.18-$0.20 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $321 million and EPS of $0.67 for fiscal 2012; revenue of $77 million and EPS of $0.22 for the fourth quarter of 2012. Full Article
Dynamics Research Corp Receives $13 Million Contract for Unmanned Aircraft Systems Support
Dynamics Research Corp announced that it has been awarded a contract by the Army Contracting Command – National Capital Region to support the Air Force Medium Altitude Unmanned Aircraft Systems Program Office. The task order, valued at $13 million, has a period of performance of 7.5 months and one option year. Under the terms of the contract, DRC will expand its support in engineering, logistics, and program management services. Full Article
Dynamics Research Corp Receives $2.5 Million Contract To Assist The Commonwealth Of Massachusetts Detect and Prevent Medicaid Fraud
Dynamics Research Corp announced that it has been awarded a new, one-year $2.5 million contract by the Commonwealth of Massachusetts' Executive Office of Health and Human Services to strengthen the Office's capabilities for detecting and preventing Medicaid fraud. Under the terms of the contract, the Company will develop predictive models, which detect improper payments. The solution will integrate with the MassHealth claims processing system and other public and Commonwealth data, have the capability to build models which provide real-time transaction risk-scoring and referral strategy capabilities, include workflow management and workstation tools which systematically present information on claims selected by predictive modeling, and enable analysts to review, investigate and approve or deny claims in an automated manner. The system will be based on Detica's NetReveal software. Full Article
Dynamics Research Corp Secures $206 Million Blanket Purchase Agreement By Defense Logistics Agency
Dynamics Research Corp announced that it has been selected as one of eight contractors awarded a new five year blanket purchase agreement with the Defense Logistics Agency's Information Operations to provide program management support services. The maximum value of the program for all contractors is $206 million. The contract has been awarded under the GSA IT-70 and Mission Oriented Business Integrated Services vehicles. Under the contract, DRC will provide a wide array of program management and information technology services including financial services, systems engineering, enterprise architecture and data strategy, compliance assessment, test and documentation, information assurance, project management, continuous process improvement, and IT benchmarking. Services will be provided primarily at the Defense Logistics Agency's Fort Belvoir, Alexandria and Falls Church, Virginia locations. Full Article
Dynamics Research Corp Secures Air Force Contract For Enterprise Architecture Support
Dynamics Research Corp announced that it has been awarded a new $6.1 million contract to support the Air Force Medical Service (AFMS). The contract was awarded through the Network Centric Solutions 2 (NETCENTS 2) Enterprise Integration and Service Management (EISM) vehicle. It has a period of performance of four years. Under the terms of the contract, DRC will enhance and manage AFMS's enterprise architecture capabilities as well as integrate, centralize and streamline existing enterprise architecture tools, frameworks, models and artifacts. Full Article
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