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…
