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Market moves
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Washington, USA (Washington Technology): Veritas Capital Management LLC still owns a majority stake in DynCorp, which had its initial public offering in May 2006. Veritas has been busy acquiring federal services firms during the past couple of years — its latest is Vangent Inc., formerly Pearson Government Solutions. We likely will see Veritas move further up the chart next year because two of its companies formed a joint venture (DynCorp and McNeil Technologies Inc.) and won a $4.6 billion Army contract from the Intelligence and Security Command. The companies will provide translation and interpretation services in support of Operation Iraqi Freedom. The contract award is currently being protested by the prior incumbent, L-3 Communications Corp.
For more information, please visit:
www.washingtontechnology.com/print/22_08/30625-1.html
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