-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K6FgeyN0Nqozirrrop70140pt6vAFiOYT96nNo3xkcS7vwVh6Ms31eiljhn8uvAw pyfYNQR8OPYJl1WLaNDKQA== 0000000000-05-056270.txt : 20060828 0000000000-05-056270.hdr.sgml : 20060828 20051104143742 ACCESSION NUMBER: 0000000000-05-056270 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051104 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: DynCorp International LLC CENTRAL INDEX KEY: 0001333142 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 522287126 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 8445 FREEPORT PARKWAY, SUITE 400 CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: (817) 302-1460 MAIL ADDRESS: STREET 1: 8445 FREEPORT PARKWAY, SUITE 400 CITY: IRVING STATE: TX ZIP: 75063 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-05-162411 LETTER 1 filename1.txt Mail Stop 4561 September 8, 2005 Michael J. Thorne Chief Financial Officer DynCorp International LLC 8445 Freeport Parkway, Suite 400 Irving, Texas 75063 Re: DynCorp International LLC Registration Statement on Form S-4 Filed August 9, 2005 File No. 333-127343 Dear Mr. Thorne: We have reviewed your filing and have the following comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments. Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter. General 1. We note that DynCorp International and DIV Capital Corporation submitted a supplemental letter stating that the companies are registering the exchange offer in reliance on the staff`s position in Exxon Capital Holdings Corporation (avail. April 13, 1989) and containing the representations required by Morgan Stanley & Co. (avail. June 5, 1991). We further note that letter states in the second paragraph that a broker-dealer may be a statutory underwriter and "must acknowledge that it will deliver" a prospectus. Please revise to state that a broker-deal must deliver a prospectus in accordance with the representations outlined in Shearman & Sterling (avail. July 2, 1993). 2. Please confirm that the offer will be open for at least 20 full business days to ensure compliance with Rule 14e-1(a). Further, please confirm that the expiration date will be included in the final prospectus disseminated to security holders and filed pursuant to the applicable provisions of Rule 424. We note the disclosure on the cover and page 5 that refers to 20 business days and the disclosure on page 52 that indicates that the expiration date will be 30 business days after the commencement of the exchange offer. Please advise or revise. 3. Please supplementally provide us with copies of any graphics, maps, photographs, and related captions or other artwork including logos that you intend to use in the prospectus. Such graphics and pictorial representations should not be included in any preliminary prospectus distributed to prospective investors prior to our review. 4. We note your use of defined terms such as, but not limited to, FTS, CFT, ITS, CIVPOL and INL. The meanings of terms should be clear from the context. Please revise to eliminate the reliance on define terms and use terms whose meanings are clear from the context instead. Cover 5. The cover page should contain only information required by Item 501 or that is information that is key to an investment decision. In this connection please delete the first bullet point relating to the company. See our Plain English Handbook available at www.sec.gov. 6. Please revise the fourth bullet point under "The New Notes" to quantify the amount of indebtedness that will rank senior to or pari passu with the exchange notes. 7. Please revise to disclose that each broker-dealer that receives new securities pursuant to an exchange offer must acknowledge that it will deliver a prospectus in connection with any resale of such new securities. In addition, please revise to disclose that if the broker-dealer acquired the old securities as a result of market making or other trading activities, such broker-dealer may use the prospectus for the exchange offer, as supplemented or amended, in connection with resales of the new securities. 8. Please revise to disclose that broker-dealers who acquired the old securities directly from the issuer in the initial offering must, in the absence of an exemption, comply with the registration and prospectus delivery requirements of the Securities Act in connection with the secondary resales and cannot rely on the position of the staff enunciated in the Exxon Capital no-action letter. Estimated Contract Value, page 1 9. We note your statement on page 1 that that you cannot guarantee the accuracy or completeness of this information. Please be aware that the issuer is subject to liability for information found in the registration statement, regardless of whether it verified the third- party data. Forward-Looking Statements, page 2 10. We note that many of the bullet points on page 2 are largely repetitive of the risk factors included in the prospectus and are not directly related to forward-looking statements made in the S-4. Please revise accordingly. Prospectus Summary, page 3 11. Please revise your disclosure in the forepart of the registration statement to reduce your reliance on cross-references to other locations in the registration statement. This comment applies specifically to the summary and risk factors sections. 12. We note your statement that you are a "leading" provider of government technical services and outsourced solutions. Please provide support for this statement and briefly describe in this section and the Business section what you mean by government technical services and outsourced solutions. In addition, please clearly mark any supplemental materials to indicate those portions that support your statement. Finally, include the measurement you are using in connection with your leadership status. 13. We note your statement that since 1951 DynCorp and its predecessors have provided critical services to the U.S. government. Please revise your disclosure on this page and throughout the prospectus to clarify, if true, that you were a subsidiary of the former DynCorp, your current business represents only a portion of your former parent`s business and you have only limited experience operating as a stand-alone company. Please include the date on which you began operating as a stand-alone company. 14. We refer to your statements that the CFT and CIVPOL programs are the "most significant" programs in your operating divisions. Please clarify in what way they are the most significant. For example, do they contribute the largest portion of revenues in each of the divisions? In connection with this, please also quantify the portion of revenues each contributes. 15. We note that, for fiscal 2005, you generated revenues of $1.92 billion. Please expand your disclosure to provide a more complete snapshot of the company`s financial position, and how this position compares to prior periods. We note that the revenues figure is repeated on page 11 of the Summary. 16. We note your description of the transactions on page 4. Please expand your disclosure to provide additional information regarding your acquisition by Veritas Capital from Computer Sciences Corporation, including a discussion of the purchase price, your preferred shares and your current organization chart. Please include your current ownership structure, including your ultimate parent and its ownership structure, and identify each of your guarantor subsidiaries and other subsidiaries. Further, please briefly describe any transition services agreements that enable you to operate as a stand-alone company and any management agreements with Veritas Capital, including all fees associated with these agreements. 17. We note your disclosure on page 16 that substantially all of the voting power of your equity is held by a subsidiary of Veritas Capital. Please quantify "substantially all," identify the subsidiary of Veritas Capital and provide this information in the summary. 18. Please include a brief description of your debt, including your aggregate indebtedness as of a recent date. 19. Please provide your website address if available. Competitive Strengths, page 3 20. Please revise the first bullet point to describe how your revenue base is "diverse" in light of the fact that you derive substantially all of your revenues from the DoD and the DoS. Business Strategy, page 4 21. Please expand your disclosure regarding the risks that you face to quantify your significant financial leverage, discuss your limited experience operating as a stand-alone company and disclose your lack of diverse customer base. In addition, please provide a brief summary of the most significant risks associated with an investment in the notes. Summary Terms of New Notes, page 7 22. Please briefly define certain terms that may not be familiar to investors. For example, on page 8 you refer to the "make-whole premium," "special interest" and "disqualified stock." Please provide brief definitions of these terms as they apply to your disclosure in the summary section. 23. We note that the New Notes will be subordinated to your existing and future senior debt and will be structurally subordinated to all obligations of DynCorp International`s foreign subsidiaries. Please expand your disclosure in this section and the Description of the New Notes section to quantify your existing senior debt and the obligations of your foreign subsidiaries. Risk Factors, page 13 24. Please avoid using phrases such as "material adverse effect on our business," "adversely affect our financial condition" or "adversely impact our business" when describing the risks` effects. Replace this, and similar language, with specific disclosure of how you, your business, financial condition and results of operation would be affected. 25. Please revise your risk factor subheadings so that each one conveys the specific risk to you. Currently, some of your subheadings merely state a general risk or a fact about your business. We note the following examples: * "Our controlling equity holders may take actions that conflict with your interests," page 16 * "An active trading market may not develop for the New Notes," page 17 * "We may never receive any revenues under our Indefinite Delivery, Indefinite Quantity Contracts," page 19 * "Our reputation and financial results could be harmed in the event of accidents or incidents," page 21 * "We may incur substantial costs relating to certain legal proceedings," page 21 Please revise throughout to identify briefly in your captions the specific risks to you that result from the facts or uncertainties. Potential investors should be able to understand what the risk is and the result of the risk as it specifically applies to you. Risks Related to Our Indebtedness, page 13 Servicing our indebtedness requires a significant..., page 13 26. We note that servicing your indebtedness requires a significant amount of cash. Please expand your disclosure to provide an estimate of the "significant amount of cash" required to service this indebtedness. Our debt instruments, including the indenture..., page 14 27. We note that the indenture and your senior secured credit facility impose significant operating and financial restrictions on you. Please expand your disclosure to briefly describe how these restrictions limit your ability to do the things listed in the bullet points. 28. We note that your senior secured credit facility requires you to meet specified financial ratios and tests. Please expand your disclosure to briefly describe these financial ratios and tests. 29. We note that your parent`s preferred stock does not allow you or your parent to incur or become subject to any indebtedness if such indebtedness would be in excess of total indebtedness permitted to be incurred under a maximum debt incurrence test. Please expand your disclosure to briefly describe this maximum debt incurrence test. Risks Relating to the New Notes, page 15 Your right to receive payments on the New Notes..., page 15 30. We note that all payments on the New Notes and the subsidiary guarantees will be prohibited in the event of a payment default on your senior indebtedness and, for limited periods, upon the occurrence of other defaults under your senior indebtedness. Please expand your disclosure to briefly describe the "other" defaults and quantify "limited" periods. 31. Please provide additional disclosure regarding the significance of the subsidiaries that would be prohibited from paying dividends to you upon the occurrence of certain events of default under the senior secured credit facility. For example, what portion of your cash flow is comprised of these subsidiaries? We may not have the ability to raise the funds..., page 15 32. We note that upon the occurrence of a change in control you must offer to buy back the New Notes at a price equal to 101% of the principal amount, together with any accrued and unpaid interest and special interest. Please expand your disclosure to briefly define "change in control" and "special interest." Our controlling equity holders may take actions..., page 16 33. We note that substantially all of the voting power of your equity is held by a subsidiary of Veritas Capital. Please expand your disclosure to quantify "substantially all" and identify the subsidiary. Risks Relating to Our Business, page 17 Political destabilization or insurgency in the regions..., page 19 34. Please clarify whether you have had to increase your compensation expenses in order to deploy them to Iraq and Afghanistan. In addition, to the extent that you have had to increase these expenses, please describe whether your contracts with DoD or DoS provide a mechanism whereby you can pass these additional costs to DoD or DoS. Similarly, please disclose whether you have been unable to obtain insurance coverage to cover your liabilities. Our costs of performing under time-and-materials..., page 20 35. We note that some of your contracts have incentive based or other pricing terms that condition some or all of your fees on your ability to meet specified performance metrics. Please expand your disclosure to quantify the percentage of your contracts that contain such incentive based pricing terms. Our business could be adversely affected..., page 20 36. We note that many of your contracts are under review by the DCAA and other government agencies. Please advise us as to whether you have historically had any negative audits or any determination by the DCAA or other agencies that costs were improperly allocated. If so, please provide a brief description of this. We may incur substantial costs relating to certain legal proceedings, page 21 37. Certain of your disclosure under this heading relating to the claim brought by Al-Katin appears to mitigate the risk you are presenting and imply that the claim is without merit. The latter is a legal judgment that the company is not qualified to make. If it is based upon advice from litigation counsel, please identify counsel and include a consent. Otherwise, please revise to remove the specific disclosure regarding "evidence of payment." This comment also applies to your disclosure under the heading, "Legal Proceedings" on page 69. We depend upon CSC for certain transitional services..., page 22 38. We note that certain items in the transitional services agreement with CSC may have terminated on August 11, 2005. Please update your disclosure to indicate whether these provisions are still in place or whether you now provide these services. Loss of our skilled personnel..., page 23 39. Please expand your disclosure to identify the members of your senior management team upon whom you are reliant. The 2005 Acquisition, page 24 40. We note that the amount of preferred stock issued to CSC is subject to adjustment. Further, we note the disclosure in Note 3 to your consolidated financial statements on page F-16 that CSC delivered to the company a draft calculation of the net working capital on April 6, 2005, you delivered to CSC a notice objecting to the draft calculation on May 5, 2005 and you are currently in discussions with CSC to resolve your objections. Please update your disclosure in this section to reflect the current status of the adjustment and tell us when you expect to complete the final purchase price adjustment. 41. We note that an additional preferred equity investment of $50 million was made in your parent by a third party investor. Please identify this third party investor. 42. We note the common equity investment in your parent of $100 million by Veritas Capital and a third-party investor. Please expand your disclosure to quantify each party`s investment in common equity and identify the third party investor. 43. We note your ownership structure chart. Please expand this chart to include your parent and provide its ownership structure. In addition, identify the third party investors and the guarantor subsidiaries. Management`s Discussion and Analysis, page 35 44. This section should present an analysis of the company`s business as seen through the eyes of management, including known trends, demands and commitments that may impact future financial condition or operating performance. Please expand your introductory disclosure to provide an analysis of these issues and other items which management believes may have a material impact on your future financial condition or operating performance. For example, please discuss any material trends which may include the anticipated impact of the government spending, increasing competition and the continuing situation in the Middle East. For additional guidance, refer to Commission Release No. 33-8350 (Dec. 19, 2003). 45. We note that, for the two years ended April 2, 2004 and the period from April 3, 2004 to February 11, 2005, you did not incur interest-bearing debt. Please expand your disclosure to provide a discussion of your current indebtedness, the amount of cash flow required to service such debt and how this will impact your operations going forward. 46. We note your disclosure on page 60 that you intend to compete for business opportunities domestically, including homeland security and domestic aviation markets. Please expand your disclosure in this section to discuss whether this represents a change in your business operations going forward. Factors Affecting Our Future Results, page 35 47. We note that your future results of operations will include costs and expenses for you to operate as an independent company. Please expand your disclosure to briefly discuss and quantify these costs and expenses. Contract Backlog, page 37 48. Please tell us your basis for including estimates of the unfunded backlog in this table. In addition, please expand your disclosure to discuss in more detail how your management determines its estimate of the unfunded backlog. Liquidity and Capital Resources Cash flows, page 45 49. Explain to us what consideration was given to including an analysis of the net cash used in operations for the 49 days ended April 1, 2005 in your discussion of cash flows from operating activities. Debt and Other Obligations, page 46 50. We note that your senior secured credit facility contains financial covenants, including a minimum interest coverage ratio and a maximum total debt to EBITDA ratio, and places certain restrictions on your ability to make capital expenditures. Please expand your disclosure to briefly describe the minimum interest coverage ratio, the maximum total debt to EBITDA ratio and the restrictions on your ability to make capital expenditures and how these covenants will impact your operations going forward. The Exchange Offer, page 49 Terms of the Exchange Offer, page 49 51. We note your disclosure on pages 49 and 132 that each broker- dealer that receives new notes for its own account in exchange for the original notes, where the original notes were acquired by such broker-dealer as a result of market-making or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of the new notes. Please revise to state that each broker-dealer must deliver a prospectus. 52. We note the disclosure indicating that you will issue new notes or return any old notes not accepted for exchange "as promptly as practicable" after the expiration of the exchange offer. Rule 14e- 1(c) requires that you exchange the notes or return the old notes "promptly" upon expiration or termination of the offer, as applicable. Please revise on page 50 and throughout the document, as necessary. Special Interest, page 50 53. We note your disclosure on page 50 that, if the issuers fail to meet certain targets, special interest will become payable in respect of the notes. Please revise to define special interest when it is first referenced. Expiration Date; Extensions; Amendment, page 52 54. Please advise us as to how oral notice of any extension is reasonably calculated to reach registered holders of the outstanding notes or otherwise satisfies the requirements of Rule 14e-1(d). 55. We note your disclosure on page 52 that the issuers reserve the right to delay accepting any original notes, to extend the exchange offer or to terminate the exchange offer. Clarify in what circumstances you will delay acceptance and confirm that any such delay will be consistent with Rule 14e-1(c). For example, if you are referring to the right to delay acceptance only due to an extension of the exchange offer, so state. Business, page 58 56. We note that historically virtually all of your backlog has been converted into revenue at or above contract values. Please clarify, if true, that your backlog does not take into account any expenses associated with the contracts and converting backlog into revenue would not reflect net income associated with the contracts. Industry Trends, page 60 57. We note your statements that national defense and homeland security spending is increasing at its fastest pace since the 1980`s and the U.S. defense budget is entering into its seventh consecutive year of growth. Further, we note your reference to estimates by the Government Electronics & Information Technology Association. Please provide support for your statements in this section, including any materials prepared by the Government Electronics & Information Technology Association. In addition, please clearly mark any supplemental materials to indicate those portions that support your statements. Principal Customers and Contracts, page 63 58. We note that over the last decade you have expanded your customer base to include foreign governments and commercial customers. Please expand your disclosure to quantify the percentage of your revenues derived from this expanded customer base. Management, page 70 59. Pursuant to Item 401(e) of Reg. S-K, please provide more detailed dates of employment for your directors and officers, including Messrs. Cannon, Gorman, Thorne and DiGesualdo. 60. Please disclose which if your parent`s directors are independent. In addition, please disclose whether your parent has a standing audit committee and, if not, whether the entire Board of Directors serves in that capacity. Employment Agreements and Special Retention Plan, page 74 61. We note that fifteen key employees are eligible to receive an incentive payment under the DynCorp International LLC Special Retention Plan. Please expand your disclosure to quantify the total amount that could be awarded to these fifteen employees pursuant to this plan. In addition, please clarify how the total value for the six employees referenced is $3.375 million and the amounts listed for Messrs. Cannon, Gorman, Thorne and DiGesualdo total $2.475 million. If applicable, identify other employees that in the aggregate will receive approximately $1 million. Management Incentives, page 74 62. We note that it is contemplated that members of your management and outside directors will participate in your profits through a plan that grants them Class B interests in DIV Holding LLC. Please expand your disclosure to identify these members of your management and outside directors and describe this plan in more detail. For example, please provide the total value of the grants made or to be made under this plan and whether there are any voting rights or other rights associated with the Class B interests. Further, we note that the holders of the Class B interests will be entitled to receive a percentage in the aggregate of all distributions made by DIV Holding LLC after holders of Class A interests has received a return of their invested capital. Please quantify this percentage. Security Ownership of Certain Beneficial Holders and Management, page 75 63. Please identify the third party investor that owns 14% of the Class A membership interests of DIV Holding LLC. Certain Relationships and Related Transactions, page 77 64. We note that you paid a transaction fee of $12 million to Veritas Capital Management II, L.L.C. Please expand your disclosure to state when this fee was paid and describe the services provided in connection with this fee. 65. We note that you pay an annual management fee of approximately $300,000 to Veritas Capital Management II, L.L.C. Please expand your disclosure to briefly describe the management services provided by Veritas Capital. Please disclose whether this amount is comparable to what you would pay a third party for similar services. 66. We refer to the transitional services agreement with CSC. Please expand your disclosure to state the amount that you pay to CSC for these services and whether it is comparable to what you would pay a third party for similar services. 67. We note that the preferred stock shall be subject to a mandatory redemption upon the occurrence of a change of control. Please expand your disclosure to briefly define what constitutes a "change of control." 68. We note the covenants in favor of the holders of the preferred stock. Briefly describe and quantify the maximum debt incurrence test and the restricted payments test, if such tests have been determined. Description of Material Indebtedness, page 79 69. We note your statement that the description does not purport to be complete and is subject to and qualified in its entirety by reference to the provisions of your senior secured credit facility. Please note that a summary by its nature is not complete, but should highlight all the material provisions and should not be qualified by information outside of the prospectus. Please revise appropriately. 70. We note that the loans under the senior secured term loan bear interest, at your option, at either (i) the base rate plus an applicable margin or (ii) the Eurodollar rate plus an applicable margin. Please expand your disclosure to quantify these percentage amounts. 71. We note that you are required to comply with specified financial ratios and tests under the senior secured credit facility. Please expand your disclosure to briefly describe and quantify these financial ratios and tests. Material United States Federal Income Tax Consequences, page 128 72. We note your statement that the exchange "should not be a taxable event" and the holding period for the New Notes "should" include the holding period for the Old Notes. Please advise us as to why you are not able to make an unqualified statement regarding the tax treatment of the exchange and the holding period for the New Notes. Available Information, page 133 73. Please revise to update the address of the SEC`s public reference room to 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Financial Statements General 74. Update your financial statements pursuant to 3-12 of Regulation S-X. Consolidated Statements of Member`s Equity 75. Please explain to us how the February 2005 acquisition transaction is reflected in your consolidated statements of member`s equity. Note 1 - Summary of Significant Accounting Policies Description of Business and Organization 76. We note the disclosures in the second and fourth paragraph regarding the transactions of the predecessor entity. Please confirm to us that the predecessor financial statements represent consolidated versus combined financial statements. Revenue Recognition 77. Further explain how you determine the pro-rata portion of fixed fees to be recognized on cost-reimbursable contracts. Tell us if the referenced probable and estimable fees are billable under the contractual terms. 78. Explain how you account for any award or incentive fees included in your cost reimbursable contracts. Cite any relevant accounting literature in your response. Note 3 - Acquisitions 79. Explain to us how you have considered the disclosure requirements of paragraph 51(b) of SFAS 141 as it relates to goodwill acquired as part of the acquisition transactions. Note 7 - Receivables 80. Explain to us the cause for the 78% increase in your receivable balance from the prior year to the current year. Tell us what consideration you have given to disclosing this information in your MD&A. Note 15 - Segment and Geographic Information 81. Explain to us how you complied with all of the disclosure requirements of paragraph 31 of SFAS 131 when preparing your segment disclosure. Additionally, tell us how you considered the need to provide this information in your MD&A. Part II. Information Not Required in Prospectus Exhibits 82. Please file all required exhibits as promptly as possible. We will review the exhibits prior to granting effectiveness of the registration statement and may have further comments after our review. If you are not in a position to file your legal opinion with the next amendment, please provide a draft copy for us to review. As appropriate, please amend your registration statement in response to these comments. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes all information required under the Securities Act of 1933 and that they have provided all information investors require for an informed investment decision. Since the company and its management are in possession of all facts relating to a company`s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Notwithstanding our comments, in the event the company requests acceleration of the effective date of the pending registration statement, it should furnish a letter, at the time of such request, acknowledging that: ? should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; ? the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and ? the company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in connection with our review of your filing or in response to our comments on your filing. We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. We will act on the request and, pursuant to delegated authority, grant acceleration of the effective date. We direct your attention to Rules 460 and 461 regarding requesting acceleration of a registration statement. Please allow adequate time after the filing of any amendment for further review before submitting a request for acceleration. Please provide this request at least two business days in advance of the requested effective date. You may contact Robert Telewicz at 202-551-3438 or Cicely Lucky, Accounting Branch Chief, at 202-551-3780 if you have questions regarding comments on the financial statements and related matters. Please contact Jennifer Gowetski at 202-551-3401 or me at 202-551- 3694 with any other questions. Sincerely, Owen Pinkerton Senior Counsel cc: Michael R. Littenberg, Esq. (via facsimile) Schulte Roth & Zabel LLP ?? ?? ?? ?? Michael J. Thorne DynCorp International LLC September 8, 2005 Page 15 -----END PRIVACY-ENHANCED MESSAGE-----