DynCorp nearing $1 billion UK defense deal

DynCorp is entering the final phase of negotiations on a 10-year, $1 billion joint venture to provide the British Ministry of Defense with critical military support services, the company announced Dec. 18.

The deal is scheduled to close in first quarter 2003, the company said.

Under the strategic partnering project, the joint venture company Landmarc Support Services Inc. will manage all of the nonmilitary support for Britain's Army Training Estate and Defense Estate at 120 locations throughout the United Kingdom.

Landmarc Support Services Ltd. is a joint venture between DynCorp International Inc., a subsidiary of DynCorp of Reston, Va., and Interserve Ltd. of the United Kingdom. Both companies have an equal stake in the venture, DynCorp said.

The Army Training Estate and Defense Estate jointly provide vital land and facilities required for the country's armed forced to conduct sustainable training.

DynCorp is a provider of information technology and outsourcing services to government clients. The company has more than 23,000 employees and annual revenue of $2 billion. Computer Sciences Corp. recently announced it signed an agreement with DynCorp to purchase the company.

About the Author

William Welsh is a freelance writer covering IT and defense technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.