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The information in these press releases was accurate at the time of posting but may have been superseded by subsequent news releases.

PRESS RELEASE

DynCorp International Inc. Reports First Quarter Fiscal Year 2011 Financial Results

  • Revenue of $947.5 million, a 20.7% increase over Q1 FY10
  • Adjusted EBITDA of $54.4 million, a 6.3% decrease from Q1 FY10
  • Operating cash flow of $21.7 million, approximately a 300% increase over Q1 FY10

Falls Church, Va. – August 4, 2010 - DynCorp International Inc.(the “Company”), a provider of specialized mission-critical services to civilian and military government agencies, today reports financial results for its first quarter of fiscal year 2011 ended July 2, 2010.

“We are pleased with our first quarter results,” said William L. Ballhaus, DynCorp International’s Chief Executive Officer. “Our results reflect our solid program performance and continued commitment to execute our strategy to grow our customer base, revenue and cash flow.”

On July 7, 2010, the Company completed its merger (the “Merger”) with Delta Tucker Sub, Inc. (“Merger Sub”), a Delaware corporation and a wholly-owned subsidiary of Delta Tucker Holdings, Inc. (“Parent”), pursuant to the Agreement and Plan of Merger dated as of April 11, 2010 (the “Merger Agreement”). Pursuant to the Merger Agreement, Merger Sub merged with and into the Company. The Company was the surviving corporation in the Merger and, as a result of the Merger, became a wholly-owned subsidiary of Parent, which was created on behalf of affiliated funds and/or managed accounts of Cerberus Capital Management LP, a private investment firm.

Fiscal Year 2011 Operational Highlights

  • Continued solid execution of the Afghanistan task order under the Logistics Civil Augmentation Program (“LOGCAP IV”) contract.
  • Awarded a new task order under the Field and Installation Readiness Support contract to manage the Field Logistics Readiness Center at Fort Bliss, Texas in April.
  • Extension of the Life Cycle Contractor Support (“LCCS”) contract with the U.S. Army through November 2010 while the GAO evaluates our protest of the award of the contract to a competitor.
  • Extension of the term of the Afghanistan based Civilian Police (“CivPol”) task order through June 2011 to allow full operational support while the Department of Defense conducts a full and open competition.
  • Awarded a new task order under the CivPol program to supply embedded police mentors in Afghanistan.
  • Awarded a new task order in Iraq for dining facility support services at Joint Base Balad under the Air Force Contract Augmentation Program contract.
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