McLean-based defense contractor DynCorp announced a new chief executive late Friday.
S. Gordon Walsh, who has worked in the aerospace and defense industry for more than two decades, will take over from current leader Steven Gaffney beginning July 21, the company said in a statement.
“As domestic defense spending faces new pressures, international spending and new domestic business lines will provide a robust environment for growth,” Chan Galbato, lead director of Delta Tucker Holdings, which owns DynCorp, said in a statement. “Gordon is the smart choice to take advantage of the market’s new opportunities.”
The company did not cite a specific reason for Gaffney’s replacement, who has been in the position since August 2010.
At an industry event earlier this year, Gaffney said expanding DynCorp’s global customer base was a priority in 2014. The company shuffled its business units last year to create DynGlobal, which was a response to the fall in domestic business.
“We’ve always been global, but now it’s a more deliberate and dedicated part of our strategy,” Gaffney said.
The company also made headlines in May when a Defense Department inspector general’s report cited it for improperly charging the government more than $100 million when it was a subcontractor for Northrop Grumman in an Army contract.