CHANTILLY, Va., April 16, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded a prime position on the $7.2 billion Global Intelligence Support Services (GISS) Indefinite Delivery/Indefinite Quantity (IDIQ) multiple-award contract administered by the U.S. Army Intelligence and Security Command (INSCOM).
The contract will support a wide range of missions including intelligence analysis, electronic systems, intelligence surveillance and reconnaissance, (ISR) systems, security systems, prototype intelligence hardware/software suites and quick reaction capability (QRC) systems. Additional work will include supporting facilities to ensure they are and remain at the highest state of readiness, and business functions to ensure they are consistent with Army standards and directives.
Support services under the GISS contract will include the following areas: intelligence and security operations; information operations; mission support for facilities management, logistics, training and intelligence systems support; and sustainment services – including program management, strategic planning, administrative and requirements analysis services.
The five-year GISS IDIQ was originally bid by TASC, which was acquired by Engility in February of this year. Task orders awarded under this IDIQ will be cost-plus-fixed-fee, cost-plus-award-fee, time and materials and firm-fixed-price.
"This award reflects legacy TASC's strong reputation within the intelligence community for superior management and technical innovations and builds upon the strategic partnership our team has with Army Intelligence (G2) and the Army Intelligence Campaign Initiatives Group program," said Engility President and CEO Tony Smeraglinolo. "We are honored to support the GISS contract and the missions it supports."
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, 2013 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.