|By Business Wire||
|July 22, 2014 07:00 AM EDT||
Engility Holdings, Inc. (NYSE:EGL) today announced that it has been awarded a $10.1 million contract to provide technical advisory services to the Guatemala office of the U.S. Agency for International Development (USAID) and the Guatemalan government to support the development and implementation of a low emissions development strategy (LEDS). The five-year contract represents new work and is a cost plus fixed fee award.
“Through programs such as the Climate Change Resilient Development Project and task orders under the Environmental Policy and Institutional Governance II Indefinite Quantity Contract (IQC), Engility has been a leader in providing guidance and strategies for climate change with USAID over the last five years,” said Engility President and CEO Tony Smeraglinolo. “We appreciate the confidence USAID has placed in us, and our team of professionals in Guatemala looks forward to providing outstanding service under this new work.”
Engility has 12 years of experience in Guatemala, supporting work to improve natural resource management, environmental policy frameworks, disaster risk management capacities, and rural development.
Under the USAID/Guatemala Low Emissions Development Strategy Project, Engility will support USAID/Guatemala and collaborate with the Guatemalan government, the Guatemalan private sector, academia, and non-governmental organizations. The team will build local capacity to help implement emissions reduction projects related to large-and-small-scale agriculture, natural resource management, and other forms of land use. The goal is to demonstrate the feasibility of meeting economic targets while advancing climate change mitigation.
The team also will help the Guatemalan government finalize the national greenhouse gas emissions (GHG) inventory, determine which areas of the economy are producing large amounts of emissions, and perform cost-benefit analyses to identify economic investments that will result in significant GHG emissions reductions.
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, 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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