FEMA announced Friday morning that it awarded a contract to Partnership for Temporary Housing, to provide temporary housing and support for shelter operations for disaster victims. The indefinite delivery/indefinite quantity Individual Assistance-Technical Assistance Contract III, has a potential value of $375 million over a 1-year base period and 4 one-year option periods. Partnership for Temporary Housing is a limited liability corporation formed by DynCorp International, Dewberry, and Parsons Corp.
DynCorp International (DCP) climbed during the first hour of trade Friday, but gave back some of its early gains around the middle of the afternoon. Shares finished up by $0.49 at $19.03. The stock has been rising since Wednesday and closed at a new high for the year.
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