The information in these press releases was accurate at the time of posting but may have been superseded by subsequent news releases.
FALLS CHURCH, Va. — Dec. 21, 2006
The
Ministry of Defense of the United Arab Emirates has selected DynCorp
International LLC to provide depot-level maintenance, supply-chain
management, information technology services, maintenance training,
facilities management, and commercialization for its fleet of 17,000
ground vehicles. Dyncorp International LLC is the operating company of
DynCorp International Inc (NYSE:DCP).
The contract, which is
under the authority of the UAE Land Forces’ General Maintenance
Directorate (GMD), is valued at approximately $163 million over seven
years, after which the GMD can exercise an option to renew for an
additional five years.
The UAE Armed Forces’ General
Headquarters has designated Al Taif Technical Services (ATTS), a
subsidiary of the Mubadala Development Company, as the prime contractor
for these services. As the prime vendor to ATTS, DynCorp International
will provide all services for the contract, including the chief
operating officer, chief financial officer, administrative staff, and
other key personnel. In addition, DynCorp International will provide
all personnel, equipment, tools, materials, supervision, and services
necessary for GMD operations. The contract covers all types of military
and commercial vehicles, including fighting platforms, tankers,
transporters, buses, trucks, earth moving equipment, and all terrain
4x4 vehicles.
DynCorp International currently provides maintenance services for the UAE’s fleet of AH-64 (Apache) helicopters.
“We
are proud to provide critical services to the United Arab Emirates,
which is one of the United States’ most important allies in the Middle
East and Persian Gulf regions,” said Herbert J. Lanese, president and
CEO of DynCorp International. “We have been a partner in the security
of the UAE for eleven years by providing aviation-maintenance services
to the UAE Armed Forces, and this new contract broadens and strengthens
a relationship that is built on trust and respect.”
About DynCorp International
DynCorp
International is a provider of specialized mission-critical outsourced
technical services to civilian and military government agencies with
specific global expertise in law enforcement training and support,
security services, base operations, aviation services, and operations
and logistics support. Headquartered in Falls Church, Va., DynCorp
International has approximately 14,000 employees worldwide. For more
information, visit www.dyn-intl.com.
About Mubadala Development Company
Mubadala
Development Company is a wholly owned investment vehicle of the
Government of the Emirate of Abu Dhabi, in the United Arab Emirates.
It was established in October 2002 as a Public Joint Stock Company
through Emiri Decree Number 12 of 2002, issued by His Highness the
Crown Prince of Abu Dhabi. Mubadala’s Mandate is the establishment of
new companies and the acquisition of strategic holdings in existing
companies, either in the UAE or abroad. Its focus is on generating
sustainable economic benefits for Abu Dhabi through a careful selection
of business ventures – in partnership with local, regional and
international investors. Mubadala invests in a wide range of strategic
sectors including energy, utilities, real estate, public-private
partnerships, basic industries and services so as to diversify and
further develop the rapidly growing economy of Abu Dhabi. For more
information, visit www.mubadala.ae.