Key Developments For Dynamics Research Corp
Dynamics Research Corp (DRCO.O) (Consolidated Issue listed on NASDAQ Global Market)
Dynamics Research Corporation Receives $2.4 Million Contract With U.S. Air Force Global Cyberspace Integration Center
Dynamics Research Corporation announced that it has been awarded a new task order worth an estimated value of $2.4 million under the Logistics, Maintenance and Supply Support contract. The Company will support the Global Cyberspace Integration Center (GCIC) providing life-cycle management services for war fighter vocabulary engineering and integration. The contract has a performance period of one base year and two and a half one-year options. Under the terms of the contract, the Company will provide scientific and technical services for the engineering and integration of warfighter vocabularies. Employing research, design, evaluation and management services to oversee vocabulary integration efforts, the Company will implement standardized vocabularies across various functional communities, programs of record and communities of interest.
Dynamics Research Corporation Issues Q4 2009 Outlook; Lowers FY 2009 Revenue Outlook; Raises FY 2009 EPS Outlook
Dynamics Research Corporation announced that for the fourth quarter of 2009, it expects revenue in the range of $69 million to $72 million and earnings per diluted share of $0.31 to $0.33. For fiscal 2009, the Company has lowered revenue outlook to a range of $277 million to $280 million and raised earnings to a range of $1.00 to $1.02 per diluted share.
Dynamics Research Corporation Receives Further Air Force Depot Work Through DESP-II Worth $8 Million
Dynamics Research Corporation announced that it received its 16th and 17th task orders under the Air Force's Design and Engineering Support Program (DESP-II) contract to support the C-5 Landing Gear Integrity Program (LGIP) and the KC-135 Maintenance Burden Solution development (MBSD). The contracts have a combined projected value of $8.0 million. The C-5 Landing Gear Integrity Program (LGIP) is a two-year and nine months contract with a projected total value of $4.8 million. The task order was awarded through Ogden Air Logistics Center at Hill Air Force Base and involves conducting a Functional Systems Integrity Program (FSIP) study of the C-5 landing gear system.
Dynamics Research Corporation Receives $3.9 Million Contract With National Intrepid Center of Excellence
Dynamics Research Corporation announced it has been awarded a task order with an estimated value of $3.9 million with the National Intrepid Center of Excellence (NICoE) through the TRICARE Evaluation, Analysis, Management and Support program, or TEAMS contract vehicle. The Company will provide a wide range of program management support services under the task order which has one base year and one option year.
Dynamics Research Corporation Receives $20 Million Task Order for Engineering Work At Air Force Depots
Dynamics Research Corporation announced that it was awarded a two-year and nine month task order under the Design Engineering Support Program (DESP II) valued at $20.2 million supporting the Air Force Item Unique Identification (IUID) program, managed by the Air Force Global Logistic Support Center. This task order significantly expands DRC's on-going effort on the program. The work will be performed at all three Air Logistics Centers located at Tinker AFB, Oklahoma City, OK, Hill AFB, Ogden, UT, and Robins AFB, Warner Robins, GA.
