CHANTILLY, Va., Aug. 3, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded a $35.4 million contract that will enable the company to continue providing radar engineering, software support and logistics services for the Naval Surface Warfare Center (NSWC) – Port Hueneme Division (PHD). The award is a follow on to a contract originally won by TASC, which was acquired by Engility in February 2015.
Work on this contract, which could have a cumulative value of $53 million if all options are exercised, will be performed at the NSWC PHD Dam Neck division's Ship Defense and Expeditionary Warfare Detachment in Virginia Beach, Va.
Under this program, our team supports all rotating and surveillance radars that the U.S. Navy deploys. Specific services that Engility professionals are currently providing include, in-service engineering and acquisition engineering; integrated logistics support; software support; installation services and coordination; programmatic and project management support; and staging facility and warehousing support.
"We are honored by the opportunity to continue serving the NSWC and this important mission, which we have supported for more than 20 years," said Engility President and CEO Tony Smeraglinolo. "This renewal solidifies our in-service engineering, acquisition engineering and logistics capabilities in any and all locations where the U.S. Navy utilizes its surface ships and submarines."
The cost-plus-fixed-fee follow-on contract has a 12-month base with three two-month options.
ABOUT ENGILITY Engility is a pure-play government services provider that delivers highly skilled personnel wherever, whenever they are needed in a cost-efficient manner. The company proudly serves customers that span the federal services market including the Department of Defense, the Intelligence community, Space, and Federal Civilian agencies. 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.
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, 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, 2014 and more recent documents that 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.
SOURCE Engility Holdings, Inc.