ANDOVER — Life must be good down at the Dynamics Research Corp. HQ on Frontage Road in Andover these days. Over the past couple of weeks, the company has issued a series of statements regarding recent multi-million-dollar contracts, including the following:
– A $14.3 million deal with the U.S. Air Force to 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.”
– An $11.5 million deal with Defense Media Activity (which does all the media relations work for the entire military) “to continue providing thought leadership, analysis, and technical expertise on emerging media options and creative services in the form of writing, editing, videography and web site design and development to the U.S. Department of Defense’s Office of Public Communication.”
– A $2.1 million deal with the Army Research Institute to “evaluate training courses and materials and gauge their ability to train soldiers to achieve mission objectives.”
– A $3.4 million deal with the Air Force to support its 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.”
– A $1.4 million deal with the federal Department of Agriculture to assist in development of a national quarantine program.
As the number of contracts with federal agencies has grown, DRC responded by recently opening a 17,000-square-foot office in downtown Washington, D.C., to be closer to one of its main clients, the Department of Homeland Security, as well as all the other federal departments and branches it works with.
DRC now has more than 550 employees operating out of seven offices in the Greater Washington, D.C. area. It has approximately 1,500 employees worldwide, including about 300 in Andover. In a recent Eagle-Tribune story, company executives were excited by the fact that the firm had been chosen to be part of a $50 billion government-wide acquisition contract, or GWAC, which allows the company to be used by any agency that needs IT and/or consulting work without having to go through the usually tedious and lengthy bidding and approval process.
DRC is a publicly traded company worth about $243 million. It is traded on the NASDAQ. Yesterday’s stock price was $13.35.
