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Monday, August 31, 2009

Two deals direct $14.3M to Dynamics Research

By Brendan Lynch

Dynamics Research Corp. reports it has landed $14.3 million to provide IT services at Wright-Patterson Air Force Base in Ohio.

The $14.3 million comprises two subcontracts from the Centech Group Inc., the prime contractor on the Consolidated Acquisition of Professional Services contract from the U.S. Air Force. Under the contracts, Dynamics Research (Nasdaq: DRCO) will provide the 303rd Reconnaissance and 516th Mobility Aeronautical Systems Wings with acquisition management, test, evaluation, engineering, acquisition logistics, configuration, data management, security management, administrative support and contracting support services.

Last week, Andover-based Dynamics Research brought in seven contracts, totalling $2.1 million, to help the U.S. Army Research Institute develop experiments to test the effectiveness of various training methods. The Andover-based company will provide evaluations for the Army’s Company Intelligence Support Teams, Brigade Combat Teams, Future Force program and master gunner courses.

Also last week, Dynamics Research landed $3.4 million from the U.S. Air Force for engineering and program management. Under the deal, Dynamics Research will work on the Air Force’s Global Cyberspace Integration Center, providing engineering services and program management support to the Air Combat Command Tactical Satellite Terminals and the Single Integrated Air Picture program.

Dynamics Research was founded in 1955. The company reported a net loss of $1.25 million on revenue of $242.8 million for fiscal 2008.

 

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