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Engility Wins $42.9 Million Contract to Provide System Engineering and Technical Support for U.S. NavyCHANTILLY, Va. --(Business Wire)-- Engility Holdings, Inc. (NYSE:EGL), today announced it has won a $42.9 million contract to provide system engineering, design, prototype, and testing and evaluation for shipboard and shore-based electronic systems under a program supporting the Naval Air Warfare Center Aircraft Division (NAWCAD). This new contract, which is administered by the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command, provides Engility with the opportunity to continue and expand its work for NAWCAD and is a $42,939,009 three year (one year base plus two options) agreement. "We appreciate the confidence our U.S. Navy customer places in our work and we welcome the opportunity to support these mission critical Naval Aviation programs," said Engility President and CEO Tony Smeraglinolo. "This win reflects the outstanding management and technical expertise our professionals have provided to NAWCAD for the past 16 years and as a customer-focused company, we remain committed to ensuring mission success for the Navy." This contract is a Firm-Fixed Price (FFP) Level of Effort (LOE) and the work will be done by Engility personnel in Hollywood, MD; Patuxent River Naval Air Station, Patuxent River, MD; and Webster Field Annex, St Inigoes, MD. ABOUT ENGILITY Engility is a pure-play government services contractor providing highly skilled personnel wherever, whenever they are needed in a cost-effective manner. Headuartered 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. 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, 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, 2013, and more recent periodic reports, which have been filed with the Securities and Exchange Commission (SEC (News - Alert)) 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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