CHANTILLY, Va.--(BUSINESS WIRE)--Engility Holdings, Inc. (NYSE: EGL), today announced that Forfeiture Support Associates (FSA) LLC, a venture jointly held with AECOM Technology Corporation, has been awarded a $142 million option year on its potential seven-year contract to provide professional, financial and legal support to the Department of Justice’s Asset Forfeiture Program. This option year runs from Oct. 1, 2013 through Sept. 30, 2014, and is the fourth year of this seven-year contract, which ends in March 2018.
FSA employs more than 1,750 professionals who work in nearly 700 federal law enforcement agency sites and in 92 United States Attorneys’ offices, supporting all of the participant agencies in the Asset Forfeiture Program. FSA has maintained a contract with the DOJ Asset Forfeiture Program since 2004.
Under this single-award IDIQ time and material contract, which encompasses 36 labor categories ranging from financial analysis to litigation support, Engility will provide nationwide support services to support Asset Forfeiture Management Staff (AFMS). Contract personnel will provide analytical, legal and other program and business support services at various DOJ offices that are responsible for the administration of Federal Asset Forfeiture programs.
“This win validates the great work we are doing for this program, and we are honored to be working side-by-side with important agencies such as the FBI, Department of Homeland Security and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Our expertise in program and business support services enables our customers to enhance their capabilities on a cost-effective basis and capitalize on our specific expertise to better design, evaluate and implement their programs. Because we are able to deliver superior services in the most cost-effective manner, Engility is an attractive partner to customers in this budget constrained environment,” said Engility President and CEO Tony Smeraglinolo.
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 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” included in our Annual Report on Form 10-K for the year ended Dec. 31, 2012, and our more recent periodic reports, which 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.