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SMALL BUSINESS
DynCorp International Completes Acquisition of Phoenix Consulting Group, Inc.
Business Wire
DynCorp International LLC, a wholly-owned subsidiary of DynCorp
International Inc. (NYSE: DCP), announced today it has completed the
acquisition of Phoenix Consulting Group, Inc. The consummation of the
Phoenix transaction enables DynCorp International to provide, through
the Phoenix Training Center, proprietary training courses, management
consulting and augmentation services to the intelligence community. The
acquisition expands DynCorp International’s services to the intelligence
community and national security clients.
Phoenix will operate as a wholly-owned subsidiary of DynCorp
International LLC and will be consolidated as a business unit within the
Global Stabilization and Development Solutions business segment. Phoenix
has offices in Virginia and Arizona and employs approximately 400 full
and part-time professionals, most of whom possess security clearances,
many at the Top Secret level.
Through the acquisition of Phoenix, DynCorp International’s training and
service offerings will include:
- Highly specialized and proprietary training courses to experienced professionals in the intelligence, counterintelligence, special operations and law enforcement communities.
- Strategic, professional, and technical advisory and support services to government and military organizations.
“I am very pleased we have completed this important acquisition, which
demonstrates our focus on accelerating growth, expanding service
offerings and penetrating new segments,” said DynCorp International
President and CEO William L. Ballhaus. “We look forward to integrating
the skills and services offered by Phoenix, which will enable DynCorp
International to extend its ability to deliver compelling services to
the intelligence community and other national security clients.”
About DynCorp International
DynCorp International Inc., through its wholly-owned subsidiary DynCorp
International LLC, is a provider of specialized mission-critical
services to civilian and military government agencies worldwide, and
operates major programs in law enforcement training and support,
security services, base operations, aviation services, contingency
operations, and logistics support. DynCorp International is
headquartered in Falls Church, Va. For more information, visit
www.dyn-intl.com
.
Safe Harbor Language
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
Phoenix into our operations; 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.
Copyright Business Wire 2009
2009-10-19 16:50:00
COMMENTS ( 0 )
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