Sunday, August 02, 2009
War has been very good for DynCorp, a security and logistics contractor that has earned billions from the conflicts in Iraq and Afghanistan. More than half of the company’s $3 billion in annual revenues comes from jobs in the two war-torn countries, with a huge jump last year alone (45%) when the company provided 9,100 linguists to help U.S. soldiers in Iraq. DynCorp stands to make even more money in Afghanistan, thanks to a new five-year, $5.9 billion deal with the Defense Department to help supply American troops in southern Afghanistan.
The boost in government work follows recent disclosures about ethical lapses by company employees, including those with serious drug problems and others hiring young Afghani men to dance at parties. The revelations, which surfaced in April, resulted in DynCorp firing four senior managers in Afghanistan and planning to create a chief compliance officer post to focus on ethics, business conduct, investigations and regulatory compliance.
-Noel Brinkerhoff
DynCorp Takes Afghanistan (by Nathan Vardi, Forbes)
Amid Reviews, DynCorp Bolsters Ethics Practices (by Ellen Nakashima, Washington Post)
DynCorp Facing State Dept. Investigation (by Ellen Nakashima, Washington Post)
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