CHANTILLY, Va.--(BUSINESS WIRE)--Engility Holdings, Inc. (NYSE:EGL), today announced that it has been selected as a prime contractor on a $4 billion multi-award contract awarded by the Defense Threat Reduction Agency (DTRA) to provide an array of technology and engineering services to support research and development for combating weapons of mass destruction.
“This win expands on work we are currently doing for DTRA under the Weapons of Mass Destruction Defeat Technology indefinite-delivery/indefinite-quantity (IDIQ) contract and we are pleased and honored by this new opportunity,” said Tony Smeraglinolo, president and CEO of Engility. “We have a long history supporting this customer on this important mission and winning a position on this new multi-award contract reflects the superior past performance and reliability our people have provided.”
The scope of R&D activity under this new IDIQ will cover a range of work, including systems engineering, systems survivability, weapons of mass destruction medical counter measures and physical counter measures. It will also cover technical nuclear forensics, nuclear detection, standoff detection, treaty and verification technologies and nuclear sensor platforms.
The contract has a five year base plus a five year option and the fee structure, which may vary by task order, is anticipated to be primarily cost-plus-fixed-fee.
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. Engility has approximately 7,000 employees worldwide and achieved revenue 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 our Annual Report on Form 10-K for the year ended December 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.