Skip to main content

DynCorp not sweating possible State Department cuts

While President Donald Trump has proposed dramatic cuts to the State Department budget, McLean-based global logistics contractor DynCorp International Inc. isn’t worried.

That’s because, as CEO Lewis Von Thaer told investors on a fourth-quarter earnings call Wednesday, the budget “will still provide funds for robust, core diplomatic activity such as operations, maintenance, logistics, security, transportation and IT support.”

“We don’t see our role at the State Department significantly impacted by the proposed budget,” Von Thaer added.

Trump’s budget blueprint for fiscal 2018 requests $25.6 billion in base funding for the State Department and the U.S. Agency for International Development (USAID). This is a $10.1 billion cut, or 28 percent reduction, compared to current fiscal 2017 spending.

In a report issued earlier this month, credit rating firm Moody’s Investors Service Inc. wrote that Trump’s cuts to the agency could have an impact on companies like DynCorp, which…

Hail to the chief: Take our presidential trivia quiz

EDITOR'S NOTE: WTOP first brought you this quiz in 2019. Presidents Day is coming. How well do you know the less-important facts about the nation's leaders? Take WTOP's quiz — with any luck, it won't take you all Presidents Day to finish it.
Read Next Story