Engility Awarded Contract to Support Naval Supply Systems Command (NAVSUP) Weapon Systems Support (WSS) Stricken Aircraft Reclamation and Disposal Program (SARDIP)

CHANTILLY, Va., Sept. 2, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded a contract with the potential to be worth $12.5 million over five years to provide supply chain and logistics management--specifically reclamation, demilitarization and disposal of stricken aircraft--to the Naval Supply Systems Command (NAVSUP) Weapon Systems Support (WSS) Stricken Aircraft Reclamation and Disposal Program (SARDIP).

Since 1999, the Engility SARDIP team has performed reclamation and aircraft disposal efforts for NAVSUP WSS. NAVSUP WSS SARDIP recovers items that are in short supply or have long procurement lead times, which provides a low-cost alternative for new procurement and for resolving system shortfalls.

"Reclaiming and reusing aircraft and helicopter items has significantly benefitted the Navy in terms of cost-avoidance and in making high-demand items available. It is also a critical step in the life-cycle of a program — systems engineering of a weapon system, its retirement and its replacement," said Engility's President and CEO Tony Smeraglinolo. "We are proud to be the Navy's partner on this program and have our experienced, dedicated team of technicians and engineers deconstruct and reconstruct these aircraft throughout the United States."

This award, which represents follow-on work to a current contract, is a five-year, firm-fixed-price multi-award indefinite-delivery/indefinite-quantity contract. The team is based at facilities in NAS Oceana, Va., NAS Norfolk, Va. and NAS Jacksonville, Fl.

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, 2014 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.

SOURCE Engility Holdings, Inc.

Related Links

http://www.engilitycorp.com

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