Steve Gaffney, CEO of DynCorp International, says the company’s decision to establish an international arm was part of its efforts to diversify its customer base and to help more government clients address security issues, the Washington Post reported Sunday.
“We’ve always been global, but now it’s a more deliberate and dedicated part of our strategy,” Gaffney told an audience at the Atlantic Council-hosted Captains of the Industry forum last week, according to the Post.
He predicts that the tension between Ukraine and Russia and conflicts in the Middle East will drive governments around the world to increase their defense investments.
Gaffney also believes that contractors need to align their strategies with their organizations’ core strengths in order to survive in a competitive landscape.
“We’re not reinventing the wheel, we’re offering our core business through different channels,” he added, according to the publication.
The Post reports Gaffney forecasts that the pace of merger and acquisition activity in the sector will increase and that DynCorp intends to seize business opportunities when that happens.