Monday, August 20, 2007

DynCorp wins portion of $1.8B contract for work in Afghanistan

DynCorp International Inc. was one of five winners of a contract worth up to $1.8 billion from the U.S. Army Corps of Engineers to do construction in Afghanistan. --- The one-year contact with two option years has a ceiling of $600 million per year. --- The Falls Church-based government contractor DynCorp (NYSE: DCP) will now compete with the other four winners for individual task orders with values ranging from $5 million to $25 million.

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