FALLS CHURCH, Va. (October 19, 2009) –DynCorp International LLC, a wholly-owned subsidiary of DynCorpInternational Inc. (NYSE: DCP), announced today it has completedthe acquisition of Phoenix Consulting Group, Inc. Theconsummation of the Phoenix transaction enables DynCorpInternational to provide, through the Phoenix Training Center,proprietary training courses, management consulting andaugmentation services to the intelligence community. Theacquisition expands DynCorp International’s services to theintelligence community and national security clients.
Phoenix will operate as a wholly-owned subsidiary of DynCorpInternational LLC and will be consolidated as a business unitwithin the Global Stabilization and Development Solutions businesssegment. Phoenix has offices in Virginia and Arizona and employsapproximately 400 full and part-time professionals.
Through the acquisition of Phoenix, DynCorp International’straining and service offerings will include:
- Highly specialized and proprietary training courses toexperienced professionals in the intelligence, counterintelligence,special operations and law enforcement communities.
- Strategic, professional, and technical advisory and supportservices to government and military organizations.
“I am very pleased we have completed this important acquisition,which demonstrates our focus on accelerating growth, expandingservice offerings and penetrating new segments” said DynCorpInternational President and CEO William L. Ballhaus. “We lookforward to integrating the skills and services offered by Phoenix,which will enable DynCorp International to extend its ability todeliver compelling services to the intelligence community and othernational security clients.”
About DynCorp International
DynCorp International Inc., through its wholly-owned subsidiaryDynCorp International LLC, is a provider of specializedmission-critical services to civilian and military governmentagencies worldwide, and operates major programs in law enforcementtraining and support, security services, base operations, aviationservices, contingency operations, and logistics support. DynCorpInternational is headquartered in Falls Church, Va. For moreinformation, visit www.dyn-intl.com .
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Safe Harbor Language
Some of the statements contained in this press release areconsidered “forward-looking statements” under the federalsecurities laws. These forward-looking statements are basedon estimates and assumptions made by DynCorp International’s (the”Company”) management that, although believed by the Company to bereasonable, are inherently uncertain. Forward-lookingstatements involve risks and uncertainties, including, but notlimited to, economic, competitive, governmental, and technologicalfactors outside of the Company’s control that may cause itsbusiness, strategy or actual results or events to differ materiallyfrom the statements made herein. These risks anduncertainties may include, but are not limited to, the following:our ability to integrate Phoenix into our operations; oursubstantial level of indebtedness; policy and/or spending changesimplemented by the Obama administration; termination of key U.S.government contracts; changes in the demand for services theCompany 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 availabilityof or cost of capital; general political, economic and businessconditions in the U.S. and abroad; acts of war or terroristactivities; variations in performance of financial markets; theinherent difficulties of estimating future contract revenue;anticipated revenue from indefinite delivery, indefinite quantitycontracts; expected percentages of future revenue represented byfixed-price and time-and-materials contracts; and other risksdetailed from time to time in the Company’s reports filed with theSecurities and Exchange Commission. Given these risks anduncertainties, you are cautioned not to place undue reliance onforward-looking statements. The Company’s actual resultscould differ materially from those contained in the forward-lookingstatements. The Company undertakes no obligation to publiclyupdate or revise any forward-looking statement as a result of newinformation, future events or otherwise, except as required bylaw.