DynCorp International Reports 2nd Quarter Results; George Krivo Quoted

blank
George Krivo, CEO of DynCorp International

Delta Tucker Holdings, Inc., the parent company of DynCorp International, a leading global services provider, reported its second quarter 2019 financial results on Wednesday.

Second quarter 2019 revenue was $487.8 million, down 11.4% compared to $550.4 million recorded in the second quarter of 2018. The decrease was primarily due to the completion of the Bureau for International Narcotics and Law Enforcement Affairs, Office of Aviation (“INL Air Wing”) extension and the wind down of the T-6 Contractor Operated and Maintained Base Supply (“T-6 COMBS”) Bridge contract, partially offset by increased scope on the Air Force Contractor Augmentation Program (“AFCAP”) and the Contractor Logistics Support: C-12, C-26, UC-35 and T-6 Transport (“CLS Transport”) contract.

Net income attributable to Holdings for the second quarter of 2019 was $5.2 million compared to $24.8 million in the second quarter of 2018. The Company reported Adjusted EBITDA of $38.1 million for the second quarter of 2019 compared to $48.9 million for the same period in 2018.

“We are pleased with second quarter results especially the large new business wins,” said George Krivo, chief executive officer of DynCorp and 2019 Wash100 Award winner.

About DynCorp International

DynCorp International, a wholly owned subsidiary of Delta Tucker Holdings, Inc., is a leading global services provider offering unique, tailored solutions for an ever-changing world. Built on approximately seven decades of experience as a trusted partner to commercial, government and military customers, DI provides sophisticated aviation, logistics, training, intelligence and operational solutions wherever we are needed. DynCorp International is headquartered in McLean, Va.

You may also be interested in...

COVID-19 Testing

DoD Awards Siemens Healthineers Contract to Support COVID-19 Testing

The Department of Defense (DoD), in coordination with the Biomedical Advanced Research and Development Authority (BARDA) within the Department of Health and Human Services (HHS), has awarded a $12.38 million contract to Siemens Healthineers, the department reported on Thursday. BARDA funded the award through the Health Care Enhancement Act to support domestic industrial base expansion for critical medical resources.