Engility Wins $29.6M Award to Support U.S. Navy's Aircraft Launch and Recovery Equipment Program
Engility Holdings (NYSE: EGL), today announced that it has been awarded a $29.6 million contract to provide engineering and technology support to the U.S. Navy's Aircraft Launch and Recovery Equipment (ALRE) program This new contract, which was awarded by the Naval Air Warfare Aircraft Division based in Lakehurst, NJ, will accommodate incumbent work from other contract vehicles and is also expected to create opportunities for additional work.
“Our engineering teams have provided excellent service and the highest level of technical capability to the Navy's ALRE program,” said Engility President and CEO Tony Smeraglinolo. “This contract award reflects the commitment and pride our people have in supporting Naval aviation.”
The cost-plus-fixed-fee contract has a base period of approximately $9.8 million and two options years that if exercised will total $29.6 million. Under the contract, Engility will support ALRE and all in-service engineering related to this program. Engility engineers also will provide systems engineering support on new and modernized ALRE and Aviation Support Equipment systems.
ALRE is the Navy's signature program for ensuring the U.S. Navy fleet has the most advanced systems for launching and capturing manned and potentially unmanned aircraft.
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 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” 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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.