Monday, March 21, 2011

DynCorp lands $915M aviation contract - Pittsburgh Business Times:

Danby DPAC12010H
Falls Church-based DynCorp (NYSE: DCP) will provide the Department of Statre with aviation and aviatiobn support services in Iraq under the terms of the deal whichj has one base year andfour one-yea options. If all options are exercised the total valur of the projectis $915 million. DynCorp reported $813 millionj in its latest quarter. “Thisa award is a tremendously importanf opportunity for DynCorp International to support the safetgy and securityof U.S. diplomati personnel serving in Iraq,” said DynCorp CEO Williamn L. Ballhaus.
“It’s an honoer to contribute to our government’s efforts to promotew peace and stabilityin Iraq, for us as a company and for every perso who serves with us.” DynCorp said the to provide personnel, ground and flighf operations, as well as basing and maintenanc e of rotary wing and fixed air assets, begah with a transition period June 15, 2009 and will reacuh full operation on September 4, 2009.

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