|[June 18, 2014]
Engility Subsidiary Awarded $22.2 Million in Task Orders for Support with USAF Unmanned Aircraft Program
CHANTILLY, Va. --(Business Wire)--
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 govenment 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 (News - Alert)) 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
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