Engility Corp. marks first year as independent company
Engility Corp., a Chantilly-based pure-play government services contractor, on Thursday marked its first anniversary as an independent company.
New York-based L-3 Communications spun off its government services businesses to form Engility, which has 7,800 employees worldwide and recorded sales of $1.66 billion in 2012.
Engility’s stock, which closed at $17.68 on its first day of trading last year, closed Wednesday at $29.89.
Since the spinoff, company executives said, Engility has been awarded more than $14 billion in new contracts and recently won its largest recompete contract for 2013, a $116 million deal with the U.S. Army Contracting Command.
In the first company’s first quarter, which ended March 28, Engility had net income of $13.8 million on revenue of $361.7 million.
Engility’s customers include all of the U.S. military services, many agencies in the Defense Department, the Justice Department, U.S. Agency for International Development, the State Department, Federal Aviation Administration, Department of Homeland Security and many allied foreign governments.
The company’s services include: 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.
In April, the Association for Corporate Growth presented Engility with its award for Greatest Regional Impact Deal of the Year. Washington Technology magazine has named the company to its list of the top 100 government contractors.