Engility Wins $369 Million Contract to Modernize Air Traffic Control System
October 17 2016 - 7:30AM
Business Wire
Award Reflects Technical Capabilities and
Strong Past Performance
Engility Holdings, Inc. (NYSE:EGL) today announced the U.S.
Department of Transportation’s (DOT) Volpe National Transportation
Systems Center has awarded a $369 million contract to provide
engineering and technical services as well as financial and program
management supporting the modernization of this country’s air
traffic management system, known as NextGen.
“Engility supports the Federal Government’s high priority
mission to develop and implement leading-edge technology that
advances the efficiency and safety of our nation’s aviation
transportation system,” said Engility CEO Lynn Dugle. “This award
reflects our DOT team’s strong capabilities and past performance,
and we look forward to continuing this partnership.”
Under this contract, the Engility team will support the Federal
Aviation Administration Air Traffic Organization’s Program
Management Office (PMO). This win broadens Engility’s support to
the PMO, which is the lynchpin for the FAA’s acquisition and
implementation of NextGen, as well as all communications,
navigation, weather, surveillance and automation modernization
programs.
This five-year single award contract has a ceiling value of $369
million. It is a fourth-quarter win representing a combination of
new and existing work, which primarily will be performed as
cost-plus-fixed-fee.
About Engility
Engility (NYSE:EGL), a leading provider of mission-critical and
highly technical services to the U.S. government, is engineered to
make a difference. Built on a five-decade commitment to our
customers and our country, Engility delivers world-class
performance, efficiency and value in a broad range of services,
including engineering and technology life cycle support, program
and business support and specialized technical
consulting. Headquartered in Chantilly, Virginia, and with
offices around the world, Engility supports customers throughout
the defense, intelligence, space, federal civilian and
international communities, drawing on our intimate understanding of
customer needs, our deep domain expertise and our highly skilled
employees to develop and deliver on-target solutions. To learn more
about Engility, please visit www.engilitycorp.com and connect with
us on Facebook, LinkedIn and Twitter.
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, business plans, as well
as the TASC transaction and its expected benefits and the timing of
such benefits. 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, 2015, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161017005319/en/
Engility Holdings, Inc.Corporate CommunicationsEric Ruff,
703-375-6463eric.ruff@engilitycorp.comorInvestor RelationsDave
Spille, 703-375-4221dave.spille@engilitycorp.com
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