Army Gives Out $15 Billion in Contracts

Mark Ellis — Thu, 09 Jul 2009 01:02:28 +0000

DynCorp International Inc. and Fluor Corp. are the fortunate companies that the Army will pay up to $15 billion over the next five years to build army bases and other military necessities. The Pentagon has yet to decide exactly how much of the $15 billion it will need to pay to meet its needs.

Defense contractors have the potential to rake in the profits because of the fact that Afghanistan is much less developed than Iraq as far as U.S. military concerns go. KBR Inc., the previous company in charge of several infrastructural contracts throughout the Middle East, lost the bidding for this round of contracts. The company may lodge a protest after reviewing the deal.

Although the U.S. military has had several of problems with defense contractors in the past, the Pentagon is making sure that this round of contracts goes smoothly. Military officials are also carefully deciding how to approach the counterinsurgency, taking care to send in only as many soldiers are actually needed.

Image: Flickr

Post from: EveryJoe

DynCorp International Lands $915M Contract

Stephen Kersey — Tue, 16 Jun 2009 03:55:29 +0000

DynCorp International, a worldwide provider of specialized services to military agencies and civilians, has announced that they have agreed on a deal with the United States Department of State that could potentially pay as much as $915 million. The deal calls for DynCorp International to provide security for United States diplomatic personnel when in the country of Iraq.

Iraq Flag (Image: Flickr)

The deal, which could last anywhere from one year to five years, goes into full effect in the first week of September.

Said William L. Ballhaus, the CEO of DynCorp International: “This award is a tremendously important opportunity for DynCorp International to support the safety and security of U.S. diplomatic personnel serving in Iraq. It’s an honor to contribute to our government’s efforts to promote peace and stability in Iraq, for us as a company and for every person who serves with us.”

Headquartered in Falls Church, Virginia, DynCorp International has more than 16,500 employees around the world. In excess of 95% of its annual revenue comes from government agencies.

Post from: EveryJoe

DynCorp International Lands $915M Contract

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Army Gives Out $15 Billion in Contracts

DynCorp International Lands $915M Contract