<PAGE>
EXHIBIT 10.1
DYNAMICS RESEARCH CORPORATION PLACES
$10 MILLION LONG TERM FINANCING
Andover, MA - June 21, 2000 - Dynamics Research Corporation (Nasdaq:DRCO) today
announced that it has placed a $10 million ten-year mortgage facility on the
Company's real estate with Brown Brothers Harriman & Co. and Banknorth Group,
Inc. Proceeds from the loan were used to repay $7.5 million of interim mortgage
financing that was obtained in February 2000. The balance of the proceeds was
used to repay outstanding debt on the company's revolving credit agreement.
"This long-term financing significantly strengthens the company's capital
structure and better positions us to support future operational requirements,"
said James P. Regan, president and chief executive officer.
Dynamics Research Corporation is an innovative solutions provider that partners
with its customers in government and commercial sectors to apply proven
processes and technologies. DRC delivers engineering, logistics, and information
technology services and precision manufactured products that enhance the
performance and cost effectiveness of its customers' mission critical systems
Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Information statements contained in this news release which are not
historical fact such as expectations as to future revenues, involve uncertainty.
Such statements are subject to various factors, including uncertainties
regarding actual future customer requirements, exercise of contractual options
and government funding actions that could cause actual results to differ
materially from those set forth in the forward looking statements. These factors
are discussed in more detail in the Company's Annual Report on Form 10-K for the
year ended December 31, 1999.
