Military contractor DynCorp International has recruited
Craig Reed to serve as senior vice president of strategic development, a newly created position. Reed previously was VP of strategy and planning for the ISR Systems division of Northrop Grumman, and also previously worked at Lockheed Martin and the U.S. Department of Energy. At DynCorp, Reed will oversee M&A, strategic initiatives and market intelligence. DynCorp -- which provides security, law enforcement training, aviation services, base operations and logistics support to government and civilian clients -- also hired Tony Smeraglinolo as president of its International Security Services business. Smeraglinolo, who joins from L-3 Communications, will oversee ISS business development, strategic planning and financial management.
DynCorp is heavily invested in Iraq and Afghanistan, providing a number of mission-critical services in those countries, including
training police officers and
constructing military bases. The hirings of Reed and Smeraglinolo could foreshadow a strategic shift as DynCorp -- along with other defense contractors -- looks to diversify its portfolio as U.S. forces are drawn down in Iraq and Afghanistan, and as defense spending is either cut or redistributed. As
Bloomberg reported in November, Boeing Co., the nation's second-largest defense contractor, is looking to acquire companies operating in homeland security, intelligence gathering and logistics to offset a projected drop in weapons spending. -
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