DynCorp International, Inc. and Fluor Corporation have won five-year contracts worth up to $7.5 billion for each company in support of the U.S. troop build-up in Afghanistan, according to an Army official. Falls Church, Virginia-based DynCorp International Inc. and Irving, Texas-based Fluor Corp. each won basic one-year contracts worth $1.5 billion with four one-year options.   The awards are the largest since the program was restructured into a competition.
DynCorp will take over laundry, food services and maintenance for existing base camps in southern Afghanistan, as well as build new bases as needed to accommodate a planned increase to about 68, 000 troops from about 57, 000 stationed there today. Fluor will take over similar services in northern Afghanistan.
Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major
Executive Mosaic’s GovCon Index closed lower at $4,938.26 (-0.60%) on Friday, although it had enough buffer to post another winning week (+1.91%). However, all the main indexes on Wall Street had a losing week. The S&P 500 Index and Nasdaq Composite retreated from their all-time highs, while the Dow Jones drifted lower. The index that
Sallyport Global Holdings announced Friday that Brigadier General (Ret.) Steven Anderson has been named as chief growth officer. The move, which takes effect Monday, April 23rd, will see Anderson in charge of the Reston, Va., companyâs global mission support and security and risk management operations. âGeneral Anderson has distinguished himself with an impressive career that