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DynCorp International Completes Acquisition of Phoenix Consulting Group, Inc.
FALLS
CHURCH, Va. – October 19, 2009 -- DynCorp International LLC, a
wholly-owned subsidiary of DynCorp International Inc. (NYSE: DCP),
announced today it has completed the acquisition of Phoenix Consulting
Group, Inc. The consummation of the Phoenix transaction enables
DynCorp International to provide, through the Phoenix Training Center,
proprietary training courses, management consulting and augmentation
services to the intelligence community. The acquisition expands DynCorp
International’s services to the intelligence community and national
security clients.
Phoenix will operate as a wholly-owned
subsidiary of DynCorp International LLC and will be consolidated as a
business unit within the Global Stabilization and Development Solutions
business segment. Phoenix has offices in Virginia and Arizona and
employs approximately 400 full and part-time professionals, most of
whom possess security clearances, many at the Top Secret level.
Through the acquisition of Phoenix, DynCorp International’s training and service offerings will include:
"I
am very pleased we have completed this important acquisition, which
demonstrates our focus on accelerating growth, expanding service
offerings and penetrating new segments" said DynCorp International
President and CEO William L. Ballhaus. "We look forward to integrating
the skills and services offered by Phoenix, which will enable DynCorp
International to extend its ability to deliver compelling services to
the intelligence community and other national security clients."
About DynCorp International
DynCorp
International Inc., through its wholly-owned subsidiary DynCorp
International LLC, is a provider of specialized mission-critical
services to civilian and military government agencies worldwide, and
operates major programs in law enforcement training and support,
security services, base operations, aviation services, contingency
operations, and logistics support. DynCorp International is
headquartered in Falls Church, Va. For more information, visit www.dyn-intl.com .
Media Contact Investor Contact
Douglas Ebner Mike Thorne
(817) 224-7822 (817) 224-7510
Safe Harbor Language
Some
of the statements contained in this press release are considered
"forward-looking statements" under the federal securities laws. These
forward-looking statements are based on estimates and assumptions made
by DynCorp International’s (the “Company”) management that, although
believed by the Company to be reasonable, are inherently uncertain.
Forward-looking statements involve risks and uncertainties, including,
but not limited to, economic, competitive, governmental, and
technological factors outside of the Company’s control that may cause
its business, strategy or actual results or events to differ materially
from the statements made herein. These risks and uncertainties may
include, but are not limited to, the following: our ability to
integrate Phoenix into our operations; our substantial level of
indebtedness; policy and/or spending changes implemented by the Obama
administration; termination of key U.S. government contracts; changes
in the demand for services the Company provides; pursuit of new
commercial business in the U.S. and abroad; activities of competitors
including bid protests; changes in significant operating expenses;
changes in availability of or cost of capital; general political,
economic and business conditions in the U.S. and abroad; acts of war or
terrorist activities; variations in performance of financial markets;
the inherent difficulties of estimating future contract revenue;
anticipated revenue from indefinite delivery, indefinite quantity
contracts; expected percentages of future revenue represented by
fixed-price and time-and-materials contracts; and other risks detailed
from time to time in the Company’s reports filed with the Securities
and Exchange Commission. Given these risks and uncertainties, you are
cautioned not to place undue reliance on forward-looking statements.
The Company’s actual results could differ materially from those
contained in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking statement
as a result of new information, future events or otherwise, except as
required by law.