DynCorp Sales Sink

DynCorp International's parent company on Monday reported that the contractor's sales in its most recent quarter plummeted nearly 30 percent to hit $540 million, a decline the company said was driven by the "continued drawdown of U.S. forces in Afghanistan and delays in new business awards."

The company reported a quarterly loss of $71.5 million, steeper than the $33.1 million it lost in the same three-month period a year earlier. DynCorp attributed the loss to revenue declines, impairment charges and a charge related to a contract dispute.

The greatest decline in revenue was in the company's DynLogistics segment, which the company said was a result of lower sales on a logistics program because of troops departing Afghanistan.