Engility wins position on $960 million USAF NETCENTS-2 IDIQ contract

CHANTILLY, Va., April 30, 2015 /PRNewswire/ -- Engility Holdings, Inc. EGL, today announced its wholly-owned subsidiary Dynamics Resources Corporation, has been awarded a position on the multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract for Network-Centric Solutions-2 (NETCENTS-2) Application Services Full and Open. The contract vehicle, which has a ceiling value of $960 million, was awarded by the U. S. Air Force Business and Enterprise Systems Directorate.

NETCENTS-2 Application Services contract vehicle is the mandatory source for the Air Force to obtain IT services such as systems sustainment, migration, integration, training, help desk support, testing and operational support.

"Our professionals have proudly provided a wealth of technical knowledge and innovative leadership to the Air Force for more than 40 years and we look forward to the opportunity to support NETCENTS-2," said Engility President and CEO Tony Smeraglinolo.

This multi-award IDIQ, which represents new work for Engility, is a seven-year contract and will support all types of contracts.

ABOUT ENGILITY
Engility is a pure-play government services provider that delivers highly skilled personnel wherever, whenever they are needed in a cost-efficient manner. The company proudly serves customers that span the federal services market including the Department of Defense, the Intelligence community, Space and Federal Civilian agencies. 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. To learn more about Engility, please visit www.engilitycorp.com.

FORWARD-LOOKING STATEMENTS
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, 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 December 31, 2013 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.

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SOURCE Engility Holdings, Inc.