Delta Tucker Holdings, Inc., the parent of DynCorp International Inc., today reported second quarter 2012 operational results with revenue of $961.1 million, an increase of 4.6% over second quarter 2011. Net income attributable to Holdings was $9.0 million for the quarter, representing a 170% increase from the reported $3.3 million in net income attributable to Holdings in second quarter 2011.
“Our wins in Aviation and Global Logistics and Development Solutions groups were particular bright spots this quarter,” said Steve Gaffney, chairman and chief executive officer, DynCorp International. “Not only did we reaffirm our position in the Philippines, and further strengthen our relationship with the Air Force through several new programs, but we recaptured an important position in support of the 160th Special Operations Aviation Regiment at Fort Campbell. Even amid significant challenges for our industry, this team is strong and thriving.”
Second Quarter Highlights
- In April 2012, 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, Va.; NASA facilities in El Paso, Texas, and Edwards Air Force Base, Calif.; 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.
- In May 2012, DI won a task order from the U.S. Air Force under the Contract Field Teams (CFT) contract vehicle to provide aircraft maintenance support at Robins Air Force Base in Georgia. DI was the sole awardee for this IDIQ contract which has one base year and one option year and a total potential contract value of $92.6 million.
- In June 2012, the Naval Facilities Engineering Command-Pacific awarded DI a contract to provide operations support services within the Joint Operation Area and Manila, Republic of the Philippines. The cost-plus-award fee contract has a base year and four option years with a total potential contract value of $198 million.
- In June 2012, DI was awarded a contract with the U.S. Air Force Materiel Command to provide support services for T-6A and T-6B aircraft at several Air Force and Navy locations throughout the U.S. The firm-fixed price contract has one base year, one option year and a total potential contract value of $432 million.
- In June 2012, DI received a task order with the U.S. Army Special Operations Command (USASOAC) under the CFT contract to provide aviation support to the 160th Special Operations Aviation Regiment – Airborne at Fort Campbell, Kentucky. The IDIQ contract has an eight month base period, two one-year options and a total potential contract value of $54.5 million.