DynCorp International is one of the Washington, D.C. areas top private employers, ranking third in Washington Business Journal’s Top 10 Largest Private Companies list, with 2011 revenues of $3.7 billion. The list was published in the Washington Business Journal’s September 21-27, 2012, issue.
“Our team delivered a very solid year of performance in 2011,” Steve Gaffney, DI chairman and CEO, commented earlier this year. “We focused on the right things – improving our processes, reorganizing our structure and upgrading our talent – to keep us on a path of growth. Our redesigned business development platform helped increase our backlog almost $1 billion over the year and drove significant increases in our new business pipeline. Structural changes reduced our indirect cost structure, making us more competitive and responsive. And process improvements improved our working capital by reducing DSO by 13 days, allowing us to meet our deleveraging plan by paying down more than $150 million on the term loan in 2011.”
DynCorp International 2011 Highlights
Looking back at the company’s FY 2011 performance, increased demand within the Logistics Civil Augmentation Program (LOGCAP), the State Department’s Bureau for International Narcotics and Law Enforcement Affairs (INL) Air Wing program and programs within Training and Intelligence Solutions (TIS) Group contributed to success in 2011 as well as:
- Additional revenue growth under the Air Force Contract Augmentation Program (AFCAP) and Africa Peacekeeping Program (AFRICAP)
- The Afghanistan National Police/Ministry of Interior Development Program (AMDP) became fully operational in the third quarter of 2011 along with the Combined Security Transition Command – Afghanistan (CSTC-A).
- Key Aviation contract wins: Very Important Person Special Air Mission (VIPSAM) at Joint Base Andrews-Naval Air Facility, C-21 Contractor Logistics Support (CLS) program and Pax River.
- Increased demand in the War Reserve Materiel, Philippines Operations Support and MRAP programs.
- Organizational changes: Steve Schorer, DynCorp International president, commented, “To capitalize on the success we saw in 2011 and to continue the momentum into 2012, we analyzed the global markets that are most attractive to DI, made changes to align and size our businesses accordingly, and brought in new team members to help secure new opportunities.”
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