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Tag Archives: DRC

Ambit Group Hires Jane Forman as Adviser, Joan Cannaday as Associate VP

Jane Forman and Joan Cannaday have joined Ambit Group as adviser and associate vice president,  respectively. Forman, formerly a principal at Deep Water Point, will aid in the company’s effort to develop and apply best practices to government clients, Ambit Group said Thursday. She previously held roles such as senior VP …

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Weekly Roundup Nov 30 – Dec 4 2015: Lockheed Presses Pause on IT Biz Separation & More

Weekly Roundup Nov 30 – Dec 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world’s largest aerospace and defense contractor’s message to investors and other GovCon industry observers this week on the future of its government services business can …

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Vencore, Engility Among M&A Deals Cited in ACG Awards; Mac Curtis, Tony Smeraglinolo Comment

TYSONS CORNER, VA May 5, 2015 — Executive Mosaic — ACG National Capital has named this year’s winners of its annual Corporate Growth Awards to recognize the mergers and acquisition deals that made the most impact in the Washington D.C. region over the past 12 months, GovCon Executive reported Monday. …

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DRC, Army Directorate Ink Big Data Tech R&D Pact

Dynamics Research Corp. has signed a cooperative research and development agreement with a U.S. Army directorate to develop and evaluate technologies for the Distributed Common Ground System. The company will work with intelligence and information warfare directorate in the Army’s Communications-Electronics Research, Development and Engineering Center under the partnership, DRC said Tuesday. …

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DRC Wins $60M Govt-Wide Consulting Services BPA; Jim Regan Comments

Dynamics Research Corp. (NASDAQ: DRCO), has won a potential $60 million contract to provide technology and management consulting services for federal agencies. The General Services Administration awarded the five-year blanket purchase agreement, which focuses on performance and process improvement initiatives, the company said Monday. “When it comes to improving government …

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DRC-led Consortium Wins $460M Air Force IDIQ to Support Mission Communications

A Dynamics Research Corporation-led (NASDAQ: DRCO) consortium has won a multiple award, indefinite-delivery/indefinite-quantity contract with a total ceiling of $460 million. The contract was awarded as part of the NETCENTS II program, which has a total estimated value of $24.2 billion. The contract has a three-year base period and two one-year …

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DRC Announces HPTi Acquisition Financing: Ares Capital to Buy Debt, BofA to Lead Credit Facility

Securities broker dealer B. Riley & Co., LLC has arranged for Ares Capital Corporation to buy $20 million of Dynamics Research Corporation subordinated debt to support ‘s DRC’s $143 million cash acquisition of High Performance Technologies, Inc. The debt has a six-year term. Bank of America will also lead a $130 million …

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Dynamics Research Corporation to Acquire HPTi for $143M

Dynamics Research Corporation (NASDAQ: DRCO) has signed a definitive agreement to acquire High-Performance Technologies, Inc., a provider of high-end technology services to the federal healthcare and military technology markets, for $143 million in cash. The deal is anticipated to close June 30, 2011. Nearly 80 percent of HPTi’s 2010 sales …

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DRC Rides to Spot on TRAIN II Deal

Dynamics Research (Nasdaq: DRCO) was announced as one of four firms to win a spot on TRAIN II, a new ID/IQ contract with the U.S. Army Research Institute. The deal carries a $30 million dollar ceiling for all awardees. The firm will focus on research and analysis of military training …

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DRC Restructures Business Model

Dynamics Research Corp. (Nasdaq:DRCO) has realigned operational components by customer, geography and business solution. The move is designed to increase business opportunities and better the firm’s customer service. The firm will now feature an Arlington Va.-based federal practice led by Paul Strasser to support a number of government customers inside …

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