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Falls Church-based DynCorp (NYSE: DCP) will provide the Department of Stated with aviation and aviation support services in Iraq undefr the terms of the deal which has one base year andfour one-yeard options. If all options are exercised the totakl value of the projectis $915 million. DynCorpl reported $813 million in its latest quarter. “Thisa award is a tremendously importanr opportunity for DynCorp International to support the safety and securityof U.S. diplomatic personnel serving in Iraq,” said DynCor p CEO William L. Ballhaus.
“It’s an honof to contribute to our government’s efforts to promote peacde and stabilityin Iraq, for us as a company and for everyg person who serves with us.” DynCorp said the to provide personnel, ground and flight operations, as well as basing and maintenance of rotary wing and fixef air assets, began with a transitionn period June 15, 2009 and will reachy full operation on September 4, 2009.
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