Amentum Agrees to Acquire DynCorp International

Amentum has entered into a definitive agreement to acquire DynCorp, a global provider of aviation and logistics support services. The financial terms of the deal were not disclosed. 

The acquisition, according to Amerntum, will create a major provider of mission-critical services boasting $6B in combined revenue over the last 12 months.

"We look forward to welcoming DynCorp’s employees to the Amentum family. Our complementary capabilities and cultures will propel Amentum to the top of our market as a leader with differentiated solutions to support our clients’ most challenging missions,” said Amentum CEO John Vollmer, a Potomac officers Club member and a five-time Wash100 awardee. 

Vollmer added that the acquisition will accelerate Amentum's growth in new markets such as aviation support services, contractor logistics support, intelligence solutions and training. 

The combination of Amentum and DynCorp will also result in the creation of an organization with more than 34K employees in over 30 countries.

"This strategic combination of two market leading companies will deliver tremendous value to our customers and increased opportunities for our employees,” said DynCorp CEO George Krivo, a Potomac Officers Club member and a two-time Wash100 winner.

RBC Capital Markets acted as Amentum's financial adviser in the deal; Cravath, Swaine & Moore as legal Counsel; and Covington & Burling as regulatory and government contracts counsel. 

Citigroup Global Markets and Morgan Stanley & Co. acted as DynCorp's financial advisers, with Schulte Roth & Zabel as legal counsel.

Amentum is a global provider of technical and engineering services for programs across the defense, security, intelligence and environment sectors.

Headquartered in McLean, Virginia, DynCorp is a global service provider specializing in aviation. The company provides emergency response air programs, aircraft maintenance, theater aviation support management and helicopter maintenance support, among others.