Engility Wins $116 million Contract to Advise, Assist, Mentor and Train US and Coalition Forces in Law Enforcement
CHANTILLY, Va.--(BUSINESS WIRE)-- Engility Holdings, Inc., (NYS: EGL) today announced that Army Contracting Command - Aberdeen Proving Ground (ACC-APG), has awarded the company a multi-million dollar contract to train, mentor and advise U.S. and Coalition Forces in Afghanistan in law enforcement and investigation techniques. The single-award contract has a value of $116 million if all options are exercised and features a one year base period of performance and one six-month option.
"This is a significant win for Engility and we are extremely pleased to continue our work on this vitally important program," said Engility CEO Tony Smeraglinolo. "The award reflects the strong relationship we have with the U.S. Military and underscores our superior past performance with the U.S. Army since 2006, developing innovative solutions to counter emerging asymmetric threats. We are proud to support this mission."
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, 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 with approximately 7,800 employees worldwide and sales of $1.66 billion for 2012. 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, 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" in the Information Statement included in our Registration Statement on Form 10, as amended, and Quarterly Report on Form 10-Q for the quarter ended September 28, 2012, which have been filed with the Securities and Exchange Commission (SEC) and are available on Engility's website (http://www.engilitycorp.com/investor-relations.html) 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.
KEYWORDS: United States North America Virginia
The article Engility Wins $116 million Contract to Advise, Assist, Mentor and Train US and Coalition Forces in Law Enforcement originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.