Engility Engineer Ken Foulke Receives Combat Survivability Award
Recognized by National Defense Industrial Association for Contributions to Air Combat Survivability
CHANTILLY, Va.--(BUSINESS WIRE)-- Engility Holdings, Inc. (NYS: EGL) senior principal systems engineer Ken Foulke today received the Combat Survivability Award for Technical Achievement from the National Defense Industrial Association (NDIA) during a ceremony in Monterey, CA.
The award, presented to Foulke for exceptional technical excellence over an extended period, was presented at NDIA's Aircraft Survivability Symposium.
NDIA recognized Foulke for his "extensive contributions" to advanced weapon and aircraft programs over the course of a more than 50-year career. Beginning his work on Air Combat Survivability in 1962 as an engineer for the Naval Air Development Center, today Foulke serves the critical role of product development and verification for the Navy's NAVAIR Combat Survivability Division.
"Ken Foulke exemplifies Engility's goal to be the 'best of the best.' He has made significant contributions to our nation's research to improve the survivability characteristics of America's air combat vehicles and we are very proud that his exceptional service is being recognized by NDIA," said Tony Smeraglinolo, President and CEO of Engility. "Ken has truly helped to make our country stronger."
NDIA recognized Foulke for his superior accomplishments, dedicated service, and exceptional and lasting contributions to Aircraft Combat Survivability.
"The NDIA Combat Survivability Division takes great pride in recognizing the dedicated efforts and technical achievements of those members of the Aircraft Survivability community for both Fixed Wing as well as Vertical Takeoff and Landing (VTOL) platforms," said Brigadier General Stephen D. Mundt, USA (Ret), Vice President, Business Development & Air Programs, EADS North America; Combat Survivability Division Chairman, NDIA. "We are proud of the relationship and interaction between the Department of Defense and the Defense Industry in supporting the Annual Forum and in recognizing our best and brightest in terms of Technical Achievement, Leadership and a Lifetime of Service to providing our Servicemen and Women with the best this Nation has to offer."
About Engility Corporation
Engility is a pure-play government services contractor providing highly-skilled personnel wherever, whenever they are needed, in a cost effective manner. Headquartered in Chantilly, Va., Engility is a leading provider of systems engineering services, training, program management, and operational support for the U.S. government with about 8,000 employees worldwide and estimated sales of $1.6 billion for 2012. To learn more about Engility, please visit www.engilitycorp.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the Exchange Act) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate.
Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to: (a) the loss or delay of a significant number of our contracts; (b) a decline in or a redirection of the U.S. defense budget; (c) the Department of Defense's wide-ranging efficiencies initiative, which targets affordability and cost growth; (d) the intense competition for contracts in our industry, as well as the frequent protests by unsuccessful bidders; (e) our indefinite delivery, indefinite quantity (IDIQ) contracts, which are not firm orders for services, and could generate limited or no revenue; (f) our government contracts, which contain unfavorable termination provisions and are subject to audit and modification; (g) the mix of our cost-plus, time-and-material and fixed-price type contracts; (h) our ability to attract and retain key management and personnel; (i) the impairment of our goodwill and other long-lived identifiable intangible assets, which represent a significant portion of the assets on our balance sheet; (j) changes in regulations or any negative findings from a U.S. Government audit or investigation; (k) current and future legal and regulatory proceedings; (l) risks associated with our international operations; (m) security threats and other disruptions; (n) U.S. federal income tax liabilities that relate to the distribution in the spin-off of Engility; (o) our inability to meet the financial reporting and other requirements to which we are now subject following the spin-off due to inadequate accounting and other management systems and resources; (p) our inability to achieve some or all of the benefits that we expect to achieve from the spin-off; (q) the reluctance of our customers, prospective customers and suppliers that may be uncertain as to our financial stability as a stand-alone entity to continue to do business with us; (r) the level of indebtedness that we incurred in connection with the spin-off, our ability to comply with the terms of our debt agreements and our ability to finance our future operations, if necessary; (s) potential liabilities arising out of state and federal fraudulent conveyance laws and legal distribution requirements as a result of the spin-off; and (t) the additional costs that we may incur as an independent company. For a more detailed discussion of these factors, see the information under the heading "Risk Factors" in the Information Statement included in our Registration Statement on Form 10, as amended and filed with the SEC on June 27, 2012. 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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