SEEKING ALPHA
Engility Wins $369 Million Contract to Modernize Air Traffic Control System
October 17, 2016
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  • CHANTILLY, Va.–(BUSINESS WIRE)– Engility (EGL) 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, 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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