DynCorp International parent, Delta Tucker Holdings, Inc., reported first quarter operational results with revenue of $1,047.1 million, an increase of 18.4% over first quarter 2011. Net income attributable to Holdings was $5.6 million for the quarter, representing a 13.6% increase from the reported $4.9 million in net income attributable to Holdings in first quarter 2011.
“This quarter the team successfully expanded into new, exciting adjacencies,” said Steve Gaffney, chairman and chief executive officer, DynCorp International. “We are honored to be supporting a new customer in NASA and working in new markets, such as Egypt. With seven straight quarters of revenue growth, we are confident in the team’s ability to secure a strong, stable future.”
First Quarter Highlights
- DI was awarded a contract with the U.S. Air Force to provide support services for Department of Defense and contractor personnel in Egypt. The firm fixed-price contract has a one-year base contract with four one-year options and a total contract value of $95 million if all options are exercised.
- DI was awarded a contract with the U.S. Navy to provide facility support services for personnel from the Naval Mobile Construction Battalion unit in Dili, Timor-Leste. The fixed price, indefinite delivery/indefinite quantity (“IDIQ”) contract has a one base year with four one-year options.
- DI received a contract with the U.S. Army to provide a Maintenance Augmentation Team (MAT) for the Kuwait Air Force AH-64D Apache helicopter maintenance program. The fixed-price contract has one base year with four, one-year options and a total contract value of $25.4 million if all options are exercised.
- DI was awarded a contract with National Aeronautics and Space Administration (NASA) to provide aircraft maintenance and operational support services at various locations. The contract will include work at Ellington Field at NASA’s Johnson Space Center in Houston; NASA’s Langley Research Center in Hampton, Virginia; NASA facilities in El Paso, Texas, and Edwards Air Force Base, California; and other locations worldwide as required. The fixed-price-award-fee/cost-plus-award-fee contract has a $46.6 million base contract, beginning June 1 for one year and four months, with two two-year option periods, with a total value of $176.9 million if all options are exercised.