CHANTILLY, Va.--Engility Holdings, Inc. (NYSE:EGL), today announced it was awarded a $71 million contract by the Naval Air Warfare Center Aircraft Division (NAWCAD) to deliver systems engineering on U.S. naval aircraft and weapons systems. NAWCAD is responsible for advancing research and development, engineering, and test and evaluation of all Navy and Marine Corps air vehicle systems.
“With our engineering expertise and proven performance, Engility is best positioned to analyze, test, and help manage the myriad of naval aircraft and weapon systems,” said Engility CEO Lynn Dugle. “Working side-by-side with the Navy, we can help ensure fleet safety and mission success.”
As part of the contract, Engility will assess the technical performance, suitability and risks of aircraft, weapon and integrated systems. The team will perform systems engineering, analysis, development, integration and testing for the introduction of warfare systems into naval aircraft. This includes direct systems engineering support throughout the full life cycle of a weapon system from concept development through disposal, and it is applied to all naval aircraft.
Awarded in the third quarter, this 21-month cost plus fixed fee award represents a new contract that continues work originally performed under the Seaport-e indefinite delivery/indefinite quantity vehicle. The majority of the work will be performed at Patuxent River, Md.
Engility Holdings, Inc. (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.