PRESS RELEASE
DynCorp International to Support Royal Saudi Helicopter Fleet
FALLS
CHURCH,
Va.—March 25, 2010—The U.S. Army Aviation and Missile Command
has awarded a contract to DynCorp International (NYSE:DCP) to provide
helicopter maintenance support services for the Royal Saudi helicopter
fleet. The contract, which was awarded under the Foreign Military Sales
program, has a two year base period with a contract value of $17.2
million, and three one-year option periods. The total potential value if
all options are exercised is up to $43.1 million.
DynCorp
International will assist the Royal Saudi Land Forces Aviation Command
(RSLFAC) in maximizing aircraft operational capability and achieving
training objectives. The RSLFAC fleet contains Apache, Blackhawk, and
combat scout aircraft. DynCorp International will provide support
services and personnel to augment, train and advise personnel of the
Royal Saudi Land Forces Aviation Command. All work will be performed in
Saudi Arabia.
The contract was first awarded in April 2009, but
was under a stay-of-performance due to protest by the incumbent. The
stay-of-performance was lifted January 13, 2010, following denial of the
protest by the Government Accountability Office, and a 60 day phase-in
transition began January 30, 2010.
"I am very pleased that
DynCorp International is expanding its aviation support services to the
Royal Saudi helicopter fleet, building on our successful performance in
platform support elsewhere in the region," said DynCorp International
President and 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.
Forward-Looking
Statements
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.
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