DRC Reports $10 Million in Contract Awards From the Internal Revenue Service
Dynamics Research Corporation (Nasdaq: DRCO) today announced it has been awarded two contracts with the Internal Revenue Service (IRS). The task orders, valued at $10.2 million, were awarded under the Total Information Processing Support Services contract, known as TIPSS-4.
Under the most recent task order award, the company will provide independent verification and validation services to validate the Credit Card Processor's systems and ensure the protection of taxpayer data, maintain secure credit card operations, and enhance the current production environment. DRC will also be responsible for the system readiness and accuracy of the credit card program. This award, which is new business for DRC, is for $2.4 million and has a 5-year period of performance.
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