DynCorp International Inc. Reports Fourth Quarter And Fiscal 2010 Year-End Financial Results

DynCorp International Inc. (NYSE: DCP), a provider of specialized mission-critical services to civilian and military government agencies, today reports strong fiscal 2010 fourth quarter and fiscal year 2010 financial results.

“Solid program performance resulted in record revenue and EBITDA for both the quarter and the fiscal year,” said William L. Ballhaus, DynCorp International’s Chief Executive Officer. “Our results reflect our continued commitment to execute our strategy to grow our customer base, revenue and cash flow by defending and growing our core business, expanding our presence in platform support and stabilization/development and penetrating new market segments.”

On April 11, 2010, the Company entered into an Agreement and Plan of Merger with Delta Tucker Holdings, Inc. and Delta Tucker Sub, Inc., each of whom is an affiliate of Cerberus Capital Management, L.P. (Merger Agreement). On May 27, 2010, the Company received notice from the United States Department of Justice that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has been granted effective immediately. The termination has the effect of ending the HSR Act waiting period relating to the merger. Consummation of the merger contemplated by the Merger Agreement continues to be subject to customary conditions, including, without limitation, approval to the holders of a majority of the outstanding shares of the Company’s common stock entitled to vote on the Merger and the absence of any law, order or injunction prohibiting the merger. The transaction is expected to close in the third or fourth quarter of calendar year 2010, but could close as early as the end of June. We filed a definitive proxy statement on May 17, 2010 in connection with the Merger, and have scheduled a special meeting of our stockholders for June 29, 2010 to vote on, among other things, the adoption of the Merger Agreement. Stockholders who owned shares of our common stock at the close of business on May 24, 2010, the record date for the special meeting, will be entitled to vote at the special meeting.