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"DRC is honored to apply our program management expertise on this critical program to support our injured soldiers," said James P. Regan, DRC's chairman, president and CEO. "This first task order under TEAMS provides another important customer in this the DOD health sector, an area we have targeted for growth."
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DRC will assist in the coordination of projects, initiatives, and activities in support of implementing the recommendations and requirements within the purview of the Force Health Protection and Policy Programs Directorate. The objectives include improving program coordination, managing funds/budgeting tasks, develop scheduling, streamlining information handling/sharing, monitoring program performance and managing projects portfolio.
DRC was one of 23 companies awarded the TEAMS contract with a total ceiling value of $5 billion. The TEAMS contract provides the Military Health System (MHS) with the ability to order services for its organizational conflict of interest (OCI) Category 2 non-purchased care support needs. This contract has a term of a single base year and nine option years. DRC was selected for the TEAMS vehicle Category 2, Program Management Support, due to extensive management services expertise and proven performance supporting defense, national security and civilian government.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) is a leading provider of mission-critical technology management services and solutions for government programs. DRC offers forward-thinking solutions 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; Reston, Virginia; and Fairborn, Ohio. 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.
CONTACTS: Investors: Chris Witty Media: Marisa Hagerman Darrow Associates, Inc. Sage Communications 646.438.9385 703.584.5637 [email protected] [email protected]
SOURCE Dynamics Research Corporation