|By Business Wire||
|June 18, 2014 06:18 PM EDT||
Engility Holdings, Inc. (NYSE:EGL), today announced that its wholly-owned subsidiary Dynamics Research Corporation (DRC) has been awarded modifications to two task orders totaling $22.2 million to support a broad spectrum of engineering, testing and project management for the Medium Altitude Unmanned Aircraft Systems (MAUAS) Division at Wright-Patterson Air Force Base in Ohio.
“We are very pleased to win these two awards,” said Engility President and CEO Tony Smeraglinolo. ”We appreciate the confidence the U.S. Air Force has shown in the outstanding work of the Engility men and women who have been supporting the MAUAS Division, and in particular, the critical missions of the MQ-1 Predator and MQ-9 Reaper.
Under the task orders, Engility will support a range of work at Wright-Patterson AFB and Palmdale and Poway, Calif. The work will include logistics management, project management, product and quality assurance, acquisition support and foreign military sales program management, and electrical and mechanical engineering. Additionally, Engility will support flight and ground test activities, weapons integration, flight operations scheduling and logistics management.
The task orders, which represent extensions under the NAVAIR Logistics, Maintenance and Supply Support contract vehicle, have a total value of $22.2 million, including a nine-month base valued at $13.1 million, and two three-month option periods.
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, estimated integration costs and acquisition related amortization expenses, 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” included in our Annual Report on Form 10-K for the year ended December 31, 2013, and 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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