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The information in these press releases was accurate at the time of posting but may have been superseded by subsequent news releases.

PRESS RELEASE

DynCorp International LLC Reports Third Quarter Results

IRVING, TEXAS – February 21, 2006 – DynCorp International LLC and its subsidiaries (collectively, the “Company”), a provider of specialized mission-critical outsourced technical services to civilian and military government agencies, today reported revenue of $553.6 million, net income of $5.6 million, and EBITDA of $35.3 million for the 3-month period that ended December 30, 2005.

Third Quarter Operating Results
Revenue of $553.6 million increased $84.0 million or 17.9 percent when compared to revenue from the prior year quarter and increased $114.0 million or 25.9 percent when compared to revenue reported for the Company’s second fiscal quarter ended September 30, 2005. The source of revenue growth when comparing to the prior year quarter was primarily the result of the following programs within the Company’s International Technical Services operating segment:

  • International Narcotics and Law Enforcement Air Wing Program:  Revenue increased $37.1 million from a new contract award going into effect November 1, 2005 and added work to provide helicopter support for ground eradication efforts in Afghanistan;
  • Civilian Police Program:  Revenue increased $31.2 million from added effort in the Middle East;
  • Hurricane Relief Efforts:  Revenue of $13.9 million was achieved during the quarter from work in support of the Hurricane Katrina relief efforts.


The Company reported net income of $5.6 million for the 3 months that ended December 30, 2005, compared with $21.2 million for the prior year quarter – a decrease of $15.6 million or 73.6 percent. The Company’s net income decrease resulted primarily from the added interest expense and intangible asset amortization related to its acquisition occurring on February 11, 2005 more fully discussed in the section titled “Basis of Presentation”.