Engility Holdings, Inc. (NYSE:EGL) today announced that it has been selected as a prime contractor for a multi-million dollar contract to support the procurement of integrated cyber operations services to the Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic, Charleston, SC. The potential cumulative value of this multiple award indefinite delivery/indefinite quantity (IDIQ) contract is $900 million, if all options are exercised through July 2018.
“This is our fifth Pillar contract win and it is an honor to be selected for this award,” said Tony Smeraglinolo, President and CEO of Engility. “The award reflects not only our excellent past performance and the outstanding technology skills that the men and women of Engility have provided, it also reflects the substantial overall value we offer SPAWARSYSCEN Atlantic and its customers.”
Engility will provide a wide array of full system lifecyle support services to include research and development, and testing and evaluation. Engility also will support the production and fielding of sustainable, secure, survivable, and interoperable command, control, communication, computers, combat systems, intelligence, surveillance, reconnaissance (C5ISR) information operations, enterprise information services (EIS) and space capabilities.
“This contract focuses on an Integrated Cyber Operations (ICO) portfolio that will deliver the capabilities needed to operate, secure and defend the network and data that support the American war fighter’s mission,” Smeraglinolo said. “Enabling U.S. forces to maneuver in the cyber domain while denying the adversary’s ability to maneuver in this same domain is critical to our Armed Forces and we are proud to have an opportunity to support this undertaking.”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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV