DynCorp reports quarterly loss

The parent company of DynCorp International reported today that sales in the contractor's most recent quarter fell to $479.8 million, down from $540.3 million in the same three-month period the prior year. The company reported a quarterly loss of $15.7 million, down from a loss of $71.5 million a year earlier.

DynCorp said its DynAviation business saw quarterly sales rise, buoyed by higher revenues from several contracts, including those of the T-6 Contractor Operated and Maintained Base Supply and the Naval Aviation Warfighting Development Center.

However, the DynLogistics business saw sales decline "as a result of reductions in manning, materials and other direct costs under the Afghan Area of Responsibility task order under the LOGCAP IV program" as well as the completion of orders under the AFRICAP program.