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Engility Awarded $31 Million U.S. Air Force Cyber Security Contract

CHANTILLY, Va.--(BUSINESS WIRE)--

Engility Holdings, Inc. (EGL), today announced it was awarded a $31 million contract to provide cyber security assessment, analysis and research for the Defense Technical Information Center (DTIC) in support of the Air Force Life Cycle Management Center, Cyber Security Engineering Division.

“This new contract, a take-away win, expands our cyber security partnership with the Air Force and gives us the opportunity to bring our cyber vulnerability assessment and research expertise to support their evolving requirements,” said Engility CEO Lynn Dugle. “We look forward to working with DTIC and helping the Air Force solve their toughest cyber challenges.”

Engility will deliver cutting-edge cyber services and solutions that include assessments, independent verification and validation (IV&V), site audits, software assurance, prototypes and processes. The company will study, analyze, advise and conduct research and development to advance cyber security for Air Force mission requirements. Engility’s approach to penetration testing of security requirements is anticipated to save the program substantial time and cost.

The Air Force Life Cycle Management Center, one of six centers in the Air Force Materiel Command, acquires and supports Air Force weapon systems throughout their entire life cycle. Highlighting the importance the Air Force is placing on cyber security, Gen. Ellen M. Pawlikowski, the Air Force Materiel Command commander, said in September, “We want to be able to ‘bake in’ cyber security from the beginning… with our weapons systems.”

The 5-year cost plus fixed fee (CPFF) award was made in the fourth quarter of 2016.

About Engility

Engility Holdings, Inc. (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.

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, 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.

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