DynCorp Parent Reports Loss

Delta Tucker Holdings, the parent company of DynCorp International, reported today that sales in its most recent quarter fell about 24 percent to hit $467 million.

The company attributed the decline to "the continued drawdown of U.S. forces in Afghanistan, reduced service needs in Iraq and delays in new business awards."

Delta Tucker also reported a loss for the quarter of $14.8 million, higher than the $766,000 loss the company reported in the same period the prior year.

DynCorp's DynAviation business reported quarterly sales of $309.9 million, up slightly from sales in the same period last year. However, the DynLogistics business saw revenue plummet to $156.4 million, down from $317.2 million in the same quarter in 2014.