Government Services Company to Pursue Significant Opportunities Created by its Spin-Off from L-3 Communications
CHANTILLY, Va.–(BUSINESS WIRE)–Engility Holdings, Inc. (NYSE: EGL) today announced the completion of its spin-off from L-3 Communications Holdings, Inc. and initiated operations as an independent, leading provider of global professional and technical services for the U.S. government. The pure-play services company, with estimated sales of $1.6 billion for 2012 and approximately 9,000 employees worldwide, plans to enhance its 40-year heritage to leverage its broad portfolio of service capabilities and pursue new independent growth opportunities.
“Regular way” trading of Engility’s shares on the New York Stock Exchange will commence on July 18, 2012 under the ticker symbol “EGL”.
Engility provides a highly-specialized work force with core offerings in SETA (Systems Engineering and Technical Assistance) Support, Professional Services, Education and Training, Operational Support, Logistics, Linguistics, and International Capacity Development.
“Today is a significant inflection point for our company, and we expect our independence to provide access to substantial opportunities we were previously constrained from pursuing by organizational conflicts of interest under L-3,” said Tony Smeraglinolo, President and CEO of Engility. “I am excited about these new opportunities because they will allow Engility employees to do what they do better than anyone else – provide highly specialized support for our clients’ missions, whenever, wherever they need us, in a cost-effective manner. And we will do this with an uncompromising commitment to results that are achieved with integrity, efficiency and agility.”
Joining Mr. Smeraglinolo to implement Engility’s strategy for growth is a world-class executive team with extensive industry credentials and strong operating skills:
- Michael Alber, Senior Vice President and Chief Financial Officer
- John Heller, President, Professional Services Group
- John Craddock, President, Mission Support Services
- Thomas Miiller, Senior Vice President, General Counsel and Corporate Secretary
- Craig Reed, Senior Vice President, Strategy and Corporate Development
- Randall Redlinger, Vice President, Business Operations
- Michael Dallara, Vice President, Administration
- Thomas Murray, Vice President, Human Resources
For additional information about Engility, including details about the members of the company’s Board of Directors, please see Engility’s website at www.engilitycorp.com.
ABOUT ENGILITY CORPORATION
Engility is a pure-play Government Services contractor providing highly-skilled personnel wherever, whenever they are needed, in a cost effective manner. Headquartered in Chantilly, VA, Engility is a leading provider of systems engineering services, training, program management, and operational support for the U.S. government worldwide, with approximately 9,000 employees worldwide and projected sales of $1.6 billion for 2012.
To learn more about Engility, please visit the company’s website at www.engilitycorp.com. You can also find on the website a copy of the company’s Form 10 Registration Statement, as filed with the Securities and Exchange Commission, which contains detailed business and financial information regarding Engility.
Engility Holdings, Inc.
Eric Ruff, 703-375-6463
Casey Clark, 202-256-8309