CHANTILLY, Va., July 22, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded an $8 million task order to provide specialized technical consulting supporting the U.S. Agency for International Development's (USAID) program to help create sustainable energy futures for countries of Eastern Europe, the Balkans and the Caucasus. The USAID award is a three-year time and materials task order representing new work, and was made under the General Services Administration (GSA) Professional and Engineering Services contract.
The task order, which will be managed by USAID's Bureau for Europe and Eurasia, stems from USAID's Enhancing Capacity for Low Emission Development Strategies (LEDS) program. LEDS supports the U.S. government's objectives to develop international and regional cooperation mechanisms to increase investments in viable clean energy and infrastructure projects. Ultimately, the desired outcome is the use of clean energy technology that will sustain economic growth and reduce poverty by promoting the transition to low-carbon economies. This transition will help reduce greenhouse gas emissions.
"We are extremely pleased to win this task order," said Engility President and CEO Tony Smeraglinolo. "Engility is already a USAID implementing partner of LEDS projects in Guatemala, Ukraine and the Philippines. This latest win reflects confidence in our approach, which identifies and leverages environmental, economic and social benefits that will fit each program's needs and characteristics."
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.