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Dynamics Research Corp. (DRCO) Announces Extension Of Veterans Relationship Management Contract

|Includes: Dynamics Research Corporation (DRCO)

Leading technology and management consulting company Dynamics Research Corp. (NYSE:DRC) has announced that the Department of Veterans Affairs (NASDAQ:VA), through the General Services Administration, has exercised the third year option of the Veterans Relationship Management Portfolio Monitoring and Coordination contract, extending the period of performance until May 10, 2014. The contract was awarded in May 2010 to High Performance Technologies, Inc., the company's wholly owned subsidiary, and has a five-year performance period through May 2015 and a total contract value of $125.5 million.

A multi-year initiative, Veterans Relationship Management restarts previously troubled programs with the end goal of providing veterans, service members, and eligible beneficiaries with fast, accurate, and easily accessible healthcare information and benefits. DRC delivers the next generation of IT solutions geared for veterans, providing a full range of program and portfolio management services across more than 30 projects. The company's solutions include identity management, advanced voice-recognition tools, enhanced Web self-services tools, and integrated desktop interfaces.

DRC is engaged in providing program architecture, program planning and management, requirements analysis, IV&V, and life cycle engineering to create an IT system that provides veterans with access to the VA through various methods, enables them to access information about VA benefits and services through a uniform interface, and allows them to complete multiple business processes within the VA without the necessity of reentering identifying information.

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