CHANTILLY, Va. -- (BUSINESS WIRE) -- Engility Holdings, Inc. (NYSE:EGL), today announced that its wholly-owned subsidiary, IRG, has been awarded a position on a $2.5 billion indefinite-delivery/indefinite quantity (IDIQ) contract to provide specialized technical consulting to local partners working to advance peace and democracy in priority countries that are in transition. The contract was awarded by the U.S. Agency for International Development (USAID) and its Office of Transition Initiatives (OTI).
The Support Which Implements Fast Transition IV (SWIFT IV) IDIQ is the primary contract vehicle providing the OTI with the means to support U.S. foreign policy objectives in priority countries in transition. SWIFT IV is divided into two sub-IDIQs, grouped geographically by Latin America/Africa, and Middle East/Eastern Europe/Asia. Engility won positions on both sub-IDIQs and will be competing for work in all regions.
“This is an important win that builds upon our work under the SWIFT III contract and we are honored to again be selected as an implementing partner to OTI,” said Engility President and CEO Tony Smeraglinolo. “Under SWIFT III, Engility proved its ability to implement timely, effective programs in challenging conflict-affected countries. We are committed to the success of OTI and its foreign policy initiatives, and are proud of the support we have provided to this important effort since 2008.”
SWIFT IV is a follow-on to the SWIFT III contract, on which IRG also held a position. The new award is a five-year contract and task orders issued under will be cost-plus-fixed-fee. Engility’s professional staff could be called upon to work with local organizations and government entities in various countries to support programs that advance peace and democracy. These programs could include economic development, improving local infrastructure, helping local governments provide essential services and increasing public awareness of democratic principles.
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, 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.
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, 2013, which has been filed with the Securities and Exchange Commission (SEC) and is 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.