FALLS CHURCH, Va., Jan 25, 2010 (BUSINESS WIRE) -- DynCorp International (NYSE: DCP) announced today that it has acquired 100% of the stock of Casals & Associates, Inc. (Casals). Casals will be integrated within DynCorp International's Global Stabilization and Development Solutions division. Terms of the transaction were not disclosed.
The acquisition brings together the complementary skills, experience and capacity of Casals and DynCorp International to strengthen the strategic expansion of DynCorp International into the international development field. Together they offer a best in class combination of competencies to provide services supporting U.S. defense, diplomacy and international development initiatives and objectives.
Casals, a private company headquartered in Alexandria, Va., helps to achieve U.S. foreign policy and international development priorities by assisting in the development of stable and democratic governments, implementing anti-corruption initiatives, and aiding the growth of democratic public and civil institutions. With over two decades of experience supporting U.S. Agency for International Development and international organization initiatives and programs, Casals has developed significant expertise in the areas of democracy and governance, conflict management and recovery, rule of law and access to justice, strengthening civil society, and public outreach.
"This acquisition addresses our goal of creating value through continued growth and business diversification, and furthers our alignment with the Obama Administration's emphasis on the application of 'smart power' to global challenges. We support defense, diplomacy, and development initiatives around the globe." said DynCorp International President and CEO William L. Ballhaus. "Adding Casals' talent and well-deserved reputation for excellence in building the rule of law, supporting democratic governance and fighting corruption will expand the breadth of our services offerings in international development."
"We are extremely pleased to join the DynCorp International team. Their tremendous depth of experience and track record in logistics, law enforcement training and mentoring, and global contingency operations in environments such as Afghanistan, Iraq, Liberia, Haiti and Somalia is a strong multiplier for our own expertise in meeting challenges in anti-corruption, rule of law, and democratic governance initiatives," said Beatriz C. Casals, President of Casals & Associates.
The transaction will not materially impact DynCorp International's revenue or earnings per share for the fourth quarter of Fiscal Year 2010.
About Casals & Associates
Casals & Associates Inc. is an international development and strategic communications firm delivering groundbreaking solutions to social, institutional, and political challenges. Founded in 1986 by Beatriz Casals, the firm works globally addressing democracy and governance, transparency and accountability, rule of law and justice, conflict management and recovery, and other urgent issues facing societies today. Headquartered in Alexandria, Va., Casals has worked in more than 50 countries and currently maintains offices on four continents. For more information, visit www.casals.com.
About DynCorp International
DynCorp International LLC, a wholly-owned subsidiary of DynCorp International Inc., 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
Some of the statements contained in this press release are considered "forward-looking statements" under the federal securities laws.These forward-looking statements are based on estimates and assumptions made by DynCorp International's (the "Company") management that, although believed by the Company 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 following: our ability to integrate Casals & Associates into our operations and to achieve expected benefits; our substantial level of indebtedness; policy and/or spending changes implemented by the Obama Administration; termination of key U.S. government contracts; changes in the demand for services the Company 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 availability of or cost of capital; general political, economic and business conditions in the U.S. and abroad; acts of war or terrorist activities; variations in performance of financial markets; the inherent difficulties of estimating future contract revenue; anticipated revenue from indefinite delivery, indefinite quantity contracts; expected percentages of future revenue represented by fixed-price and time-and-materials contracts; and other 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's actual results could differ materially from those contained in the 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, 571-224-7822
Copyright Business Wire 2010