PRESS RELEASE
DynCorp International Acquires Casals & Associates
FALLS
CHURCH, Va. – January 25, 2010 – 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
Forward-Looking Statements
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.
