Dynamics Research Corp. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Dynamics Research Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported revenue of $69.2 million for the third quarter of 2009 as compared with $63.5 million for the same period in 2008. Reported revenue rose 9% on a year-over-year basis, including organic revenue growth of 2.4%. Net income for the third quarter of 2009 was $3.0 million or $0.30 per diluted share compared with a net loss of $0.2 million for the same period in 2008, which included a 2008 provision for litigation of $2.4 million, which reduced earnings by $0.24 per diluted share. Operating income was $4.1 million against loss of $2.2 million last year. Income before provision for income taxes was $3.9 million against loss of $2.6 million last year. Net cash used in operating activities was $8.2 million against cash from operations of $14.5 million last year. Capital expenditures were $1.4 million against $0.6 million last year. Non-GAAP net income was $2.1 million or $0.22 per diluted share against $5.2 million or $0.53 per diluted share last year. For the nine months ended September 30, 2009 revenue was $207.4 million compared with $175.3 million for the same period in 2008. For the nine month period, net income was $6.8 million or $0.69 per diluted share compared with a net loss of $3.9 million for the same period in 2008, which included a 2008 provision for litigation of $9.1 million, which reduced earnings by $0.94 per diluted share. Operating income was $11.4 million against loss of $5.7 million last year. Income before provision for income taxes was $10.5 million against loss of $6.2 million last year. Net cash used in operating activities was $0.1 million against cash from operations of $20.0 million last year. Capital expenditures were $2.2 million against $1.5 million last year. Non-GAAP net income was $2.1 million or $0.02 per diluted share against $5.2 million or $0.41 per diluted share last year. For the fourth quarter of 2009 the company anticipates revenue in the range of $69 to $72 million and earnings per diluted share of $0.31 to $0.33. The company estimates revenue for 2009 to be in the range of $277 to $280 million. Regarding earnings for 2009 the company anticipates results to be in the range of $1.00 to $1.02 per diluted share.

Dynamics Research Corp. announced that it received its 16th and 17th task orders under the Air Force's Design and Engineering Support Program (DESP-II) contract to support the C-5 Landing Gear Integrity Program (LGIP) and the KC-135 Maintenance Burden Solution development (MBSD). The contracts have a combined projected value of $8.0 million. The C-5 Landing Gear Integrity Program (LGIP) is a two-year and nine months contract with a projected total value of $4.8 million. The task order was awarded through Ogden Air Logistics Center at Hill Air Force Base and involves conducting a Functional Systems Integrity Program (FSIP) study of the C-5 landing gear system. DRC and subcontractor General Atomics will identify system deficiencies and their root causes and the impact such deficiencies have on the fleet. The KC-135 System Program Office Maintenance Burden Solution development (MBSD), awarded through Oklahoma City Air Logistics Center at Tinker Air Force Base, is a $1.1 million, 20 month, basic effort and has a projected total value of $3.2 million including the two optional tasks extending the total period of performance to two years and nine months. Under the terms of the KC-135 MBSD task order, DRC and subcontractor General Atomics will develop solutions aimed at improving KC-135 aircraft system technical order maintenance practices, processes and aircraft system changes. Project methods and results will all aim to increase aircraft availability at a lower cost.