Description
Engility Holdings, Inc. was an American publicly traded company that provided engineering and logistics services to several United States Armed Forces and civilian agencies.
The company based in Chantilly, Virginia was formed in 2012 as a spin-off of the services division of L3 Technologies. As of 2017, Engility reports an annual revenue of about $2 billion. On September 10, 2018, Science Applications International Corporation announced it was buying Engility for about $2.5 billion with the brand being retired.
History
Engility is now part of SAIC. Engility, previously known as L-3 Services, Inc., became an independent publicly traded corporation in July 2012 as part of a spin-off transaction by L-3 Communications Corporation. At the time of the spin-off, the new company was estimated to have an annual revenue of $1.6 to $2 billion and employed about 9,000 to 10,000 people. The L-3 Services Group EVP, Tony Smeraglinolo, was announced as the CEO of the new defense contractor firm. Following the spin-off from its New York-based parent company, Engility established its headquarters in Chantilly, Virginia, in the Washington metropolitan area. The new company acquired much of L-3's services business, while its former parent company retained most of the products business.
In January 2013, the Associated Press reported that Engility had paid a $5.28 million settlement to 71 former inmates of Abu Ghraib prison. The company had inherited lawsuits from L-3 Services Group which in turn had inherited them when L-3 Communications acquired Titan Corporation. The contract with the United States Armed Forces called for Titan to provide translators to support the personnel in the Iraqi prison.
In December 2013, Engility agreed to acquire the Andover, Massachusetts,-based Dynamics Research Corporation. Valued at $120.9 million, the deal was completed in January 2014, beginning a full integration of the two companies.
In October 2014, Engility announced that it planned to acquire another Chantilly, Virginia-based defense contractor, TASC KKR and General Atlantic, the private equity firms which previously owned TASC, gained a 51% stake in Engility Holdings as part of the merger. The all-stock acquisition deal was valued at $1.1 billion. Engility completed the acquisition of its rival in February 2018 with the final price for the deal reported as $1.3 billion. After the merger, the company announced that TASC's chief executive, John Hynes, had joined Engility as the chief operating officer. The TASC brand remained in operation as a subsidiary of Engility.
