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UPDATE 1-DynCorp looks to expand intelligence services
September 28, 2009 / 7:58 PM / 8 years ago

UPDATE 1-DynCorp looks to expand intelligence services

* Company to buy Phoenix Consulting

* Shares up 2.97 pct

ATLANTA, Sept 28 (Reuters) - Defense contractor DynCorp International Inc (DCP.N) on Monday said it would acquire Phoenix Consulting Group in a bid to expand services in intelligence and national security.

Terms weren’t disclosed but DynCorp, which provides intelligence support to protect U.S. diplomats in high-threat countries, said it expects to fund the purchase with cash on hand.

Phoenix, a private company based in Alexandria, Virginia, provides training in intelligence, counterintelligence and special operations.

Shares of DynCorp, based in Falls Church, Virginia, rose 52 cents to $18.02 in afternoon trading. (Reporting by Karen Jacobs; editing by Carol Bishopric)

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