Engility Holdings, Inc. (NYSE: EGL) today announced that it has been selected as one of 15 prime contractors for a $900M cumulative ceiling value million Multiple Award Contract to provide Business and Force Support (BFS) services for the Space and Naval Warfare Systems Center (SSC) Atlantic, Charleston, SC.
“Engility has won a position as a prime on the first four unrestricted pillar contracts SPAWAR has awarded,” said Tony Smeraglinolo, Engility President and CEO. “We are extremely proud of this achievement as it reflects not only excellence of our professional workforce in Charleston, but our deep sense of commitment to our U.S. Navy customer and the mission at hand.”
Engility will provide an array of support services to the BFS portfolio, including design, acquisition, production, integration, testing, installation, lifecycle support and configuration management of certified Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR) capabilities. The BFS Portfolio transitions customers to enterprise solutions that promote operational efficiency and flexibility and improved network, system, and security services. The portfolio also reduces long-term sustainment costs by upgrading systems to provide enhanced capabilities, scalable to large enterprises.
Distinguishing features of programs in the BFS Portfolio are:
- Enterprise scope and demand for core enterprise services
- Data-intense requirements for authoritative, secure, accurate data and reliance on data engineering/management technologies
- Enterprise systems integration requirements
- The use of collaborative technologies
- Knowledge management focuses
The cumulative, estimated ceiling value of the base year for this new, indefinite delivery, indefinite quantity (IDIQ) multiple award contract is $180 million through May 2014. The total ceiling value is $900 million if all options are exercised by May 2018.
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, Virginia, Engility is a leading provider of specialized technical consulting, program and business support services, engineering and technology lifecycle support, information technology modernization and sustainment, supply chain services and logistics management, and training and education for the U.S. Government with approximately 7,800 employees worldwide and sales of $1.66 billion for 2012. To learn more about Engility, please visit
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Engility’s future prospects, projected financial results, business plans, and the expected benefits of our strategic realignment completed in the first quarter of 2013. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” and similar expressions are also used to identify these forward-looking statements. These statements are based on the current beliefs and expectations of Engility’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Engility’s actual results to differ materially from those described in the forward-looking statements can be found under the heading “Risk Factors” included in our annual report on Form 10-K for the year ended December 31, 2012, which has been filed with the Securities and Exchange Commission (SEC), and any updates thereto included in our more recent periodic reports, and is available on the investor relations section of Engility’s website (
) and on the SEC’s website (
). Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts