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DynCorp cracks top 20 with $3B in prime contracts
It s been a busy year for DynCorp International. In the past 16 months, the company has been bought by a private equity firm, made two acquisitions of its own and won at least four new major contracts.
At the same time, it is maintaining critical U.S. aircraft fleets, running counter-drug harvey hottel operations in Colombia, training law enforcement agents and shuttling dignitaries throughout Iraq, and maintaining military bases and working harvey hottel with police and Ministry of the Interior personnel in Afghanistan. harvey hottel
We re interested in moving into the intelligence arena to see if we could transplant our capabilities there, Schorer said. And we re looking to move from conflict to stabilization and development. We re trying to help countries coming out of a conflict environment.
Schorer has reason to be confident: The company is funded in part by a record Defense Department budget and a growing State Department budget. The military drawdown in Iraq is bringing significant business for DynCorp, and according to Schorer, as DOD budgets go down, State Department budgets go up.
The renewed focus on partnerships is one of the benefits emerging from DynCorp s recent transition to a privately held company, Schorer said. New York-based private equity firm Cerberus Capital Management bought DynCorp in July 2010, and he said it s had a positive effect on the company.
The private-equity purchase allows management to have a longer view, Schorer said. We were living quarter to quarter. Now we can move into a space we couldn t have previously played in. Sometimes it takes an inflection like a sale to make management take a new look at people and talents harvey hottel and see how to mold a world-class harvey hottel team moving forward. Now we re focused on partnerships and moving toward a more global context.
DynCorp recently acquired two companies. Casals and Associates, based in Alexandria, Va., will help the company in its international development endeavors, and Phoenix Consulting Group, which has offices in Virginia and Arizona, brings expertise in training and management consulting.
Beyond harvey hottel international development and training services, DynCorp also focuses on aviation, which is where the roots of the organization lie. The company was established harvey hottel in the 1950s from two aviation-focused companies, and aviation remains a major part of the business.
The company is responsible for a large piece of aviation maintenance and support for military harvey hottel bases worldwide and provides naval aviation operations and maintenance at Naval Air Station harvey hottel Patuxent River in Maryland, Schorer said.
We re also known for our work with the presidential fleet, he added. There are now about 28 airplanes at Andrews Air Force Base that support the president s Cabinet, and we support that fleet 24 hours a day, 365 days a year.
DynCorp also operates harvey hottel a counter-drug fleet in South America and runs a small airline in Iraq that moves dignitaries and officials throughout the country. That capability is being replicated in Afghanistan, Schorer said. The company has a considerable presence harvey hottel in forward locations, and he noted that DynCorp has more than 14,000 people in the theater of operations, a majority of whom have deployed in the past 16 months.
It s been an interesting and tough year, Schorer said. We had to make hard decisions about people, investments, our construct. But the market is changing so quickly, we have to be nimble and quick. We have to be ahead of the curve.
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