ANDOVER, Mass., Sept. 3, 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 it was one of 17 awardees of a $6 billion blanket purchase agreement for the Department of Homeland Security Continuous Diagnostics and Mitigation, Tools and Continuous Monitoring as a Service program to deploy continuous monitoring tools and services throughout the federal government. The contract has a one-year base period of performance and four one-year option years.
Under the terms of the contract, DRC will compete to provide real-time transparency into agency assets, configurations and vulnerabilities. This will include providing a full suite of hardware, software and IT services as well as planning, solution architecture, systems development and training.
This program will shift government's view of its cyber security posture from a static snapshot to real-time information. The program will enhance cyber security assessments by implementing automated network and system sensors as well as a scanning capability, which will enable a greater prioritization and response to risks.
"From accrediting the security of cloud service providers under the FedRAMP program to enhancing information security across federal agencies, DRC has taken a leadership role in the government information security community," said Jim Regan, DRC's chairman and chief executive officer. "Continuous monitoring is the next step in bolstering the resiliency of our nation's cyber defense and we are uniquely positioned to support agencies in this pivotal initiative."
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.