Engility Holdings, Inc. (NYSE: EGL) today announced that it has been selected as a prime contractor for a potential $68 million multiple award contract to support Navy computer networks ashore under a contract with the Space and Naval Warfare Systems Center Pacific.
The contract sustainment services for the Navy Enterprise Network (ONE-Net) includes project management; engineering; technical and integrated logistics support; configuration management; certification and accreditation; and enterprise applications.
The potential cumulative value is $67,773,004 for this indefinite-delivery/indefinite-quantity multiple award contract, which is structured as a 3-year, cost-plus-fixed-fee, performance-based contract. Work will be performed in San Diego and designated locations worldwide and is expected to be completed by May 2016.
“This award represents new prime work opportunities for Engility, and we are honored to have been selected,” said Tony Smeraglinolo, President and CEO of Engility. “This win reflects the outstanding work that our highly skilled professionals have been providing for decades. We appreciate the confidence our customer has placed in us and are proud to have the opportunity to support the U.S. Navy.”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 www.engilitycorp.com FORWARD-LOOKING STATEMENTS 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 ( http://www.engilitycorp.com) and on the SEC’s website ( www.sec.gov). 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.
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