CHANTILLY, Va., May 20, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE:EGL), today announced it has been awarded a $10.5 million contract to provide management, administrative, financial, technical and business transformation support to the U.S. Army's Logistics Modernization Program (LMP) Product Management Office.
LMP provides the Army with real-time situational awareness and highly improved decision making capabilities while significantly reducing logistics operational costs.
"Logistics modernization is a cornerstone of the Army's transformation to an agile expeditionary force and we are extremely proud to be their partner on this program," said Engility's President and CEO Tony Smeraglinolo. "We appreciate the Army's confidence in our previous performance on LMP and look forward to continuing our work with members of the Army team."
This award, which represents follow-on work to a current contract, is a one year, time and material contract, with an option for a nine month extension. The work is performed at facilities in Marlton and Picatinny, NJ, Alexandria, VA and other Army sites where the LMP solution is deployed.
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.
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.