re: #263 brookly red

link?

The announcement was excellent news for DynCorp, which has been consistently winning government war-zone work from competitors like Blackwater USA and KBR that have had trouble in Iraq. DynCorp is counting on the expanding war in Afghanistan to provide corporate growth and was bracing for a potential challenge from KBR. It is now likely that within six months DynCorp will begin working on a five-year, $5.9 billion deal awarded in July to logistically support U.S. troops in southern Afghanistan. Fluor ( FLR - news - people ) won the work that will be required in northern Afghanistan.

DynCorp has emerged as one of the big winners of the wars in Iraq and Afghanistan, which now generate 53% of DynCorp’s $3.1 billion of annual revenue. The company’s revenue grew 45% last year thanks to a 51%-owned joint venture that has a multiyear $4.6 billion contract to supply 9,100 linguists to translate for U.S. soldiers in Iraq.

Last year DynCorp and Fluor, together with KBR, became part of the Logistics Civil Augmentation Program, or Logcap, a huge contract once awarded exclusively to KBR. The three companies now are competitively bidding on various jobs under the wars’ biggest contract. In the last six years, Logcap has meant big revenues for KBR, which earned an estimated $700 million of income (before interest and taxes) on $31.4 billion of revenues off of the program, mostly in Iraq, but been dogged by accusations of overbilling and negligence.