CHANTILLY, Va., April 16, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded a $24 million contract by the U.S. Agency for International Development (USAID) to provide specialized technical assistance in Senegal, supporting the Feed the Future program and its goal to improve food security in developing countries.
Under the Naatal Mbay project, Engility will provide on-the-ground support to strengthen and improve agricultural production, natural resource management and marketing in key agricultural value chains (Naatal Mbay means "Flourishing Agriculture" in the Wolof language).
"The Senegal agricultural effort represents the flagship project in USAID's Feed the Future Presidential Mandate program," said Engility President and CEO Tony Smeraglinolo. "Under this contract, we will continue to support the important work that is being done to help the farmers and agricultural programs in that country. This win also strengthens Engility's worldwide leadership in technical assistance and in particular, the areas of economic growth and agricultural improvement."
The contract represents re-compete work and is a cost-plus-fixed-fee, four-year award.
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.