Source:
ForbesOn Friday, shares of DynCorp International surged 8.7%, or $1.86, to $23.32, in afternoon trading after its joint venture with McNeil Technologies won a disputed $4.6 billion five-year contract for translation services in Iraq.
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The deal has been on hold since New York-based military contractor L-3 Communications Holdings filed a protest on Dec. 22, 2006, with the Government Accountability Office.
The government watchdog agency, which investigates how taxpayer dollars are spent, backed L-3's protest after discovering the Army had not reasonably applied evaluation factors laid out in the bid. Before receiving a bid, the Army had to detail the criteria by which it would use when deciding on which contract to accept.
The Army later challenged the GAO to reverse its March 29 decision and keep the contract with DynCorp.
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With a list of high profile former-military officials on board, including former Commander-in-Chief of U.S. Central Command Anthony Zinni, and former U.S. Army Chief of Staff Peter Shoomaker, DynCorp is an excellent example of the revolving door between the Department of Defense and the private sector.
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http://www.forbes.com/markets/2007/12/07/dyncorp-international-defense-cx-equity-cx_cg_1207markets21.html