$EGL (Engility Holdings, Inc.)

$EGL {{ '2016-04-12T12:51:20+0000' | timeago}} • Announcement

Technical services provider $EGL said it has been awarded a prime position on the $461MM Program Management Support Services 3 (PMSS-3) Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army.

$EGL {{ '2017-10-10T13:51:13+0000' | timeago}} • Announcement

$EGL received a $28MM contract from the Department of Defense to support its Damage Assessment Management Office and Joint Acquisition Protection and Exploitation Cell to safeguard critical acquisition programs and technologies from foreign exploitation.

$EGL {{ '2017-09-26T12:29:02+0000' | timeago}} • Announcement

$EGL won a $49MM contract to continue to support the U.S. Air Force Research Laboratory in its Kinetic Kill Hardware-in-the-Loop (KHILS) Simulation Technology for Advanced Research (KSTAR) program. Through KSTAR, $EGL will help the government assess high-end next generation weapon-system concepts for the next five years.

$EGL {{ '2017-07-25T15:26:44+0000' | timeago}} • Announcement

$EGL said it won a $39MM contract from the Space and Naval Warfare Systems Command. Under he agreement, Engility will provide support for integration of network and communications systems and develop a single, consolidated and secure technology platform baseline for US Navy and Coast Guard fleets.

$EGL {{ '2017-07-07T12:10:26+0000' | timeago}} • Announcement

$EGL appointed Katharina McFarland as a member of its BoD. McFarland retired from civil service as the Assistant Secretary of Defense for Acquisition on January 20, 2017.

$EGL {{ '2017-06-15T12:48:21+0000' | timeago}} • Announcement

$EGL won a $42MM task order from the U.S. Air Force to advise and assist their Space and Missile Systems Engineering Directorate at Los Angeles Air Force Base to ensure their space and launch vehicles are mission ready. $EGL engineers will conduct independent readiness reviews to help with technical analysis and risk assessment.

$EGL {{ '2017-05-04T18:52:13+0000' | timeago}} • Announcement

$EGL received a $35MM contract to provide specialized advisory services to the Defense Threat Reduction Agency's Nuclear Enterprise Support Directorate. The 1Q17 win represents a recompete of existing work. The Cost Plus Fixed Fee contract has a 1-year base and four option years.

$EGL {{ '2017-03-27T14:17:45+0000' | timeago}} • Announcement

$EGL has named Scott Whatmough as SVP of Defense Group business. He joins Engility after 30 years at $RTN.

$EGL {{ '2017-03-09T16:59:52+0000' | timeago}} • Webcast

For 1Q17, $EGL projects revenue to be approx. $470-475MM. The sequential decrease in revenue is due to IRG business divestiture, late contract starts due to protests and a couple of recent new business contract losses.

$EGL {{ '2017-03-09T16:45:59+0000' | timeago}} • Webcast

$EGL, which sold its International Resources Group (IRG) business in Jan. 2017 for $24MM, said that IRG business was not a strategic fit for the company. $EGL added that 4Q16 revenue of $506MM was slightly below its expectations due to protests, low ramp-up and recent large wins.

$EGL {{ '2017-03-09T12:54:12+0000' | timeago}} • Announcement

For FY17, $EGL expects revenue to be $1.95-2.05Bil and GAAP diluted EPS to be $0.75-0.85. EPS guidance includes about $3MM of restructuring and integration costs and $25MM of amortization expense related to intangible assets acquired by the company.

$EGL {{ '2017-03-09T12:52:33+0000' | timeago}} • Announcement

U.S. Government contractor $EGL swung to a profit in 4Q16 from a loss a year ago, aided by lower income tax expenses and costs. Net income attributable was $7MM or $0.18 per share compared to net loss attributable of $238.7MM or $6.53 per share in the prior year quarter. Revenue dropped 6% to $506MM in the recently ended quarter.

$EGL {{ '2017-01-30T13:46:05+0000' | timeago}} • Announcement

$EGL reiterated its 2016 revenue outlook of $2.05-2.1Bil, loss estimate of $0.12-0.02 per share, and adjusted EPS guidance of $1.56-1.66. The company also reiterated its Adjusted EBITDA forecast of $182-190MM and GAAP operating cash flow projection of $85-95MM.

$EGL {{ '2017-01-30T13:44:06+0000' | timeago}} • Announcement

$EGL said it is seeking to reprice its $195MM current principal outstanding B1 term loan maturing in 2020, and its $608MM current principal outstanding B2 term loan maturing in 2023. The company anticipates the repricing transaction will be completed in February 2017.

$EGL {{ '2017-01-03T17:46:32+0000' | timeago}} • Announcement

$EGL said that John Barter has been appointed to the company's BoD. This appointment increases the number of $EGL directors to 10 members.

$EGL {{ '2016-10-17T13:08:38+0000' | timeago}} • Announcement

$EGL said the U.S. Department of Transportation’s Volpe National Transportation Systems Center awarded a $369MM contract to the company to support the modernization of the country’s air traffic management system NextGen. Under this contract, $EGL will support the Federal Aviation Administration Air Traffic Organization’s Program Management Office.

$EGL {{ '2016-10-13T12:11:00+0000' | timeago}} • Announcement

$EGL has received a $16MM task order extension to support network systems and enterprise services for the US Navy. This is an 18-month cost-plus-fixed-fee task order extension which was awarded by the Space and Naval Warfare Systems Atlantic.

$EGL {{ '2016-10-07T11:20:25+0000' | timeago}} • Announcement

$EGL was awarded a $10MM task order by the Walter Reed Army Institute of Research to conduct clinical trials for vaccines to combat the mosquito-borne Chikungunya virus. The task order was awarded under the $900MM indefinite delivery/indefinite quantity medical product R&D contract for the US Army Medical Research and Materiel Command.

$EGL {{ '2016-10-03T20:54:57+0000' | timeago}} • Announcement

$EGL was awarded prime positions on the $5.75Bil Human Capital and Training Solution indefinite delivery/indefinite quantity contract, a partnership between the US Office of Personnel Management and the General Services Administration. The award has a 5-year base, one 5-year option, one 6-month option and an extra 5-year period to complete tasks.

$EGL {{ '2016-09-26T11:57:36+0000' | timeago}} • Announcement

$EGL received $16MM contract to deliver advanced training solutions and embedded advisory support to the U.S. Marine Corps (USMC). The Space and Naval Warfare Systems Center (SSC) Atlantic selected $EGL to support and train warfighters on USMC command and control systems worldwide.

$EGL {{ '2016-08-22T11:49:43+0000' | timeago}} • Announcement

$EGL said it appointed Michael Grasso as Senior Vice President for Business Development and Strategic Planning. Grasso joins the company after a successful 35-year tenure at Lockheed Martin, where most recently he served as Vice President, Government Relations. Grasso will report directly to CEO Lynn Dugle.

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