DynCorp International Wins $20 Million AFRICAP Task Order in Liberia
FALLS CHURCH, Va., Jan 28, 2010 (BUSINESS WIRE) -- The U.S. Department of State has awarded DynCorp International (NYSE:DCP) a task order for operations and maintenance support in Liberia, under the AFRICAP contract. The task order, with a value of $5.2 million for the initial 6 month base period, has a potential total value of $20 million over two years if all options are exercised.
Under the task order, DynCorp International will provide operations and maintenance support for facilities of the Armed Forces of Liberia at Edward B. Kesselly Barracks and Camp Ware in Liberia. Services provided will include electrical power generation, water supply, waste disposal, and vehicle maintenance. Under a previous task order on the State Department Africa Peacekeeping contract, DynCorp International recruited, vetted, and trained the basic infantry and non-commissioned officers of the new Armed Forces of Liberia.
DynCorp International is one of four awardees under the AFRICAP contract, which supports regional stability in Africa by building the capacity of African countries and regional organizations to prevent, manage and resolve conflicts.
"We are honored to continue our work supporting the State Department in contributing to peace and stability in Liberia," said DynCorp International CEO William L. Ballhaus.
About DynCorp International
DynCorp International is a global government services provider in support of U.S. national security and foreign policy objectives, delivering support solutions for defense, diplomacy, and international development. DI operates major programs in logistics, platform support, contingency operations, and training and mentoring to reinforce security, community stability, and the rule of law. DynCorp International is headquartered in Falls Church, Va. For more information, visit www.dyn-intl.com.
Certain statements made in this announcement, other than historical data and information, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. All forward-looking statements reflect the expectations of management and are based on estimates and assumptions that, although believed to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors outside of the Company's control that may cause its business, strategy or actual results or events to differ materially from the statements made herein. These risks and uncertainties may include, but are not limited to, the risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
SOURCE: DynCorp International
Douglas Ebner, 571-722-0210
Copyright Business Wire 2010