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Business/Financial

Amentum To Acquire DynCorp, Creating $6 Billion Service Company

By Cal Biesecker

Friday, September 25th, 2020

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Amentum To Acquire DynCorp, Creating $6 Billion Service Company

DynCorp's services include logistical support to the Australia Defence Force helicopters. Photo: DynCorp International

Amentum Holdings last Friday said it has agreed to acquire DynCorp International in a deal that would broaden its defense services business into aviation and logistics support. Terms of the pending transaction, which is slated to close in the fourth quarter of 2020 subject to regulatory approvals, were not disclosed. Amentum is acquiring DynCorp from the investment firm Cerberus Capital Management, which acquired the company for $1.5 billion in 2010. At the time, DynCorp’s annual sales were about $3.5 billion…

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