CHANTILLY, Va.--(BUSINESS WIRE)--Engility Holdings, Inc. (NYSE:EGL), today announced Michael Grasso has been appointed senior vice president for business development and strategic planning. Grasso is a growth leader with extensive industry experience and will report directly to CEO Lynn Dugle.
Grasso joins Engility after a successful 35-year tenure at Lockheed Martin. Most recently, he served as vice president, Government Relations. Grasso also served as vice president of Business Development for their Information Systems & Global Services’ Civil Business segment, a $4.2 billion division. In addition, Grasso was vice president of Business Development for Lockheed Martin’s Aeronautics Global Sustainment business. Mike has built talented and very successful business development teams that have supported a range of Federal customers, including NASA, the Department of Defense, Department of Homeland Security, the FBI and Veterans Affairs. Grasso also has effectively forged many industry partnerships and brings strong business acumen to Engility.
“Mike has an impressive track record of winning significant programs and growing businesses across diverse markets, including defense, federal civilian agencies and the intelligence community,” said Lynn Dugle. “As an accomplished industry veteran and member of our senior leadership team, Mike will play a strategic role in positioning Engility for future growth and continued success.”
Engility (NYSE: EGL), 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.
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.