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Falls Church-based DynCorp (NYSE: DCP) will provide the Departmenyt of State with aviation and aviation support services in Iraq undert the terms of the deal whicbh has one base year andfour one-yeadr options. If all options are exercisedd the total value of the projecttis $915 million. DynCorp reported $813 milliomn in its latest quarter. “This award is a tremendously importanft opportunity for DynCorp International to support the safetyt and securityof U.S. diplomatic personnel servingg in Iraq,” said DynCorp CEO Williakm L. Ballhaus.
“It’s an honor to contribute to our government’a efforts to promote peace and stability in for us as a companyy and for every person who servedwith us.” DynCorp said the award, to providse personnel, ground and flight as well as basing and maintenance of rotaruy wing and fixed air began with a transition period June 15, 2009 and will reacj full operation on September 4, 2009.
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