|By Business Wire||
|March 11, 2014 07:50 AM EDT||
Engility Holdings, Inc. (NYSE:EGL), today announced that it has won a position on a $50 million multi-award contract to provide a range of engineering and technology support for U.S. Navy anti-submarine warfare (ASW) sensor systems.
Under this new contract, which was awarded by the Naval Air Warfare Aircraft Division based in Patuxent River, MD, Engility will provide technical and scientific research, development, integration, analysis, assessment, and test and evaluation of ASW sensor systems. Tasks will include work on manned and unmanned platform avionics and sensors overseen by the Acoustics Systems Division and the Electro-Optics and Special Mission Systems Division.
“We are proud of this win, which reflects Engility’s ability to provide outstanding high technology systems engineering and systems integration services across multiple requirements,” said Engility President and CEO Tony Smeraglinolo. “We look forward to supporting this vital U.S. Navy program and believe winning this position will enable Engility to compete for future high technology related tasks in support of the Navy’s war fighting capability.”
This is a five year cost-plus-fixed-fee contract.
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. To learn more about Engility, please visit www.engilitycorp.com.
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 and business plans. 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” in our Annual Report on Form 10-K for the year ended December 31, 2012, and our more recent periodic reports, which have been filed with the Securities and Exchange Commission (SEC) and are 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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