Dynamics Research Corp., an Andover company that provides technology and management services for many government agencies, said Thursday that it is one of eight companies that will share in a US Army contract that could be worth up to $75 million over a five-year period.
What each company’s share of the contract will be has yet to be determined, said Dynamics Research, which refers to itself as DRC. The contract is to provide infrastructure and software engineering support to the Armament Software Engineering Center of the US Army Armament Research, Development, and Engineering Center at Picatinny Arsenal in New Jersey, DRC said in a press release.
“This win presents exciting opportunities for DRC to expand our software engineering and information systems support in new areas for this valued customer,’’ Jim Regan, DRC’s chairman and chief executive, said in a statement. “Our experienced and talented engineers have a clear understanding of the challenges facing today’s warfighters and solutions to meet those challenges.’’
The contract comes as Congress looks to cut Pentagon spending; those cuts could make for a challenging environment for companies in the defense industry.
In a separate press release Thursday, DRC issued its fourth-quarter and full-year financial results.