Engility Holdings, Inc. (NYSE: EGL) today announced that the John A. Volpe National Transportation System Center has awarded a multi-million dollar competitive task order to the company to support a facilities planning project related to the Federal Aviation Administration’s NextGen program.
Engility will provide program management and economic analysis support to the NextGen Facilities Program under the task order, which has a not-to-exceed value of approximately $26.8 million; the period of performance for the task order is 48 months from the date of the award (July 25, 2012).
NextGen is an umbrella term for the ongoing transformation of the National Airspace System (NAS). NextGen represents an evolution from the current ground-based system of air traffic control to an advanced satellite-based system of air traffic management. When implemented, NextGen will allow more aircraft to safely fly closer together on more direct routes, reducing delays and providing benefits for the environment and the economy through reductions in carbon emissions, fuel consumption and noise.
“Engility, through its legacy companies, has been a partner with the Volpe Center for more than 20 years and we are currently working under several other task orders with the Center,” said Tony Smeraglinolo, President and CEO of Engility. “We are honored to receive this latest task order and appreciate the opportunity to support the Volpe Center and its sponsor, the FAA, on this aspect of the NextGen mission.”Under the new facilities program task order, Engility will primarily provide economists, systems engineers, and business analysts to help the Volpe Center and its FAA sponsor in the planning, economic analysis and evaluation, and program management strategy development for the NextGen future facilities effort. About Engility Corporation Engility is a pure-play Government Services contractor providing highly-skilled personnel wherever, whenever they are needed, in a cost effective manner. Headquartered in Chantilly, VA, Engility is a leading provider of systems engineering services, training, program management, and operational support for the U.S. government with about 8,000 employees worldwide and estimated sales of $1.6 billion for 2012. Please visit www.engilitycorp.com. FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the Exchange Act) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate.
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