DynCorp International and General Dynamics’ force protection unit have entered a joint venture that will pursue a potential $3 billion Army contract for vehicle support services, the companies announced Wednesday. Oshkosh Defense and McLane Advanced Technologies also are partners in the new venture, called Mission Readiness LLC. DynCorp Chairman and …
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DynCorp Named to ‘Top 10’ List for Vet-Owned Business Support; Steve Gaffney Comments
An association representing many veteran-owned small businesses has named DynCorp International as one of the top ten corporations supporting and partnering with those businesses. The National Veteran-Owned Business Association said the company is on the list for the sixth straight year. DynCorp Chairman and CEO Steve Gaffney said veterans help …
Read More »DynCorp to Support Naval Facility in Pacific Region
DynCorp International has won a potential $15.5 million Navy contract for facility support services, the company announced Monday. The fixed-price, indefinite delivery/indefinite quantity contract has one base year and four one-year options. The Falls Church, Va.-based company said it will provide living, communications, mobility and warehousing services for the Naval …
Read More »DynCorp Hosting Situational Awareness Training for Intl. Aid Workers
DI Development, a business of DynCorp International, is hosting a situational awareness and security training session for international development and aid workers Thursday, Nov. 10, at the SEIU Conference Center in Washington. The series of training sessions is aimed at educating those in international development and aid agencies, non-governmental organizations, and …
Read More »DynCorp International C-21A Contractor Logistics Support Team Earns FAA Diamond Award for Excellence
DynCorp International’s C-21A Contractor Logistics Support team has earned the third consecutive Federal Aviation Administration’s Diamond Award for Excellence. The C-21A CLS team provides total maintenence support for the U.S. Air Force C-21 fleet in Germany, Southwest Asia and the United States. The award recognizes completion by 100-percent of an …
Read More »DynCorp International Wins US Army Contract for Aviation Maintenance
DynCorp International secured a task order from the U.S. Air Force for aviation maintenance supporting the U.S. Army at Ft. Campbell, Ky. The Contract Field Teams contract has one base and one option year and is worth $105 million, if both options years are exercised. According to the firm, DI …
Read More »ManTech, DynCorp Highlight List of Most Military-Friendly Employers
ManTech and DynCorp landed on GI Jobs’ list of the “Top 100 Military-Friendly Employers” list – an event that is becoming common for both firms. DynCorp placed 11th, up from 22nd last year, while ManTech took the No. 2 spot. “We are extremely pleased to be recognized as one of …
Read More »IAP Worldwide’s Steve Gaffney Picked to Lead DynCorp
DynCorp International has announced Steve Gaffney will replace the outgoing Bill Ballhaus as chief executive officer and president. Gaffney already serves as chairman of DI’s board of directors and will depart IAP Worldwide Services where he was CEO since January 2009. “Bill and I have worked closely together over the …
Read More »Bill Ballhaus Ends Tenure as DynCorp CEO, Joins Parent Cerberus as Adviser
DynCorp International CEO and President Bill Ballhaus has announced his resignation from the security contractor. He will remain on the company’s board of directors as vice chairman and will also become strategic adviser to DI’s parent, Cerberus Capital Management L.P. Cerberus acquired DynCorp earlier this year for approximately $1.5 billion. …
Read More »DynCorp’s Bill Ballhaus Resigns; IAP Worldwide Services CEO Steven Gaffney Takes Over
DynCorp International has announced Steven Gaffney will become the company’s chief executive officer and president effective Aug. 25, 2010, replacing current CEO and President Bill Ballhaus, who has announced his resignation. Ballhaus, who joined the company in May 2008, will continue to serve on the company’s board of directors as …
Read More »DynCorp International Makes ‘Best Vet Employer’ List
DynCorp International has been named to Military Times EDGE magazine’s 2010 list of Top 50 “Best for Vets” employers. The magazine evaluated companies from the Fortune 1,000, the Defense News 100 and Federal Times’ General Services Administration 250 lists, based on four criteria: reserve policies, training and mentoring programs for …
Read More »Done Deal: DynCorp Purchased by Cerberus; Bill Ballhaus Speaks Out
Cerberus Capital Management has completed the acquisition of DynCorp, the security-contracting firm reported. “With this announcement, DynCorp International enters an exciting new chapter,” said Bill Ballhaus, DynCorp International CEO. “Built on six decades of trusted performance for the U.S. government, this solid foundation will only be strengthened by the operational …
Read More »DynCorp Makes Pair of Financial Moves Tied to Cerberus Acquisition
DynCorp (NYSE: DCP) has announced a pair of fiscal moves drawing it closer to buyer Cerberus Capital. The firm’s stockholders approved a proposal to adopt the DynCorp’s merger agreement with the private investment firm Cerberus Capital Management. According to the firm, “the affirmative vote of the holders of a majority …
Read More »Cerberus to Sell $455 Million Notes to Fund DynCorp Acquisition
DynCorp International Inc. announced today Cerberus Capital Mangement L.P.’s subsidiary, Delta Tucker Sub, will sell $455 million aggregate principal amount of senior notes to assist the funds of Cerberus’ acquisition of DynCorp. DynCorp will assume the obligations once the acquisition is completed, which could occur as early as the end …
Read More »SAIC, DynCorp Announce Financial Results
Two major government contractors today announced their fiscal results, noting a positive trend with spiking figures in revenue growth. Walt Havenstein, SAIC chief executive officer, attributed the positive numbers to winning several significant contracts during the quarter in national priority areas such as cybersecurity and logistics. “These awards reflect the …
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