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Steve Gaffney Comments on DynCorp 3Q Revenue Up 11%, Key Contract Wins

Steven Gaffney, DynCorp International

Delta Tucker Holdings Inc.,  the parent of DynCorp International Inc.,  released financial results for the third quarter of its 2011 fiscal year ended Sept. 30, 2011.

Third quarter revenue totaled $935.4 million, up $94.3 million or 11.2 percent, from the same quarter in 2010.

The company reported sustained volume increases under the Bureau of International Narcotics and Law Enforcement Affairs Air Wing contract with the U.S. State Department.

The company also reported new orders and successful re-competes under the Counter-Narcoterrorism Technology Program Office and international contracts under the Aviation BAT.

“I am very proud of our team for delivering another solid quarter” said DynCorp Chairman and CEO Steve Gaffney. “Our employees continue to deliver superior performance for our customers, have rallied around our new structure, and are producing results that will lead us into the future. The organizational changes made earlier this year continue to bear fruit, with a new business win rate that has jumped to over 40 percent. Our strong backlog, solid foundation and robust new business funnel give us confidence in our 2011 plan and set us up for a positive 2012.”

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