268:, 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.
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107:
27:
280:. In March 2013, Engility implemented a significant reduction in its auxiliary workforce, cutting about 40 percent of its accounting, human resources, and payroll departments, reducing its total of 7,800 employees by 4%. After the merger with TASC in early 2015, however, the company was estimated to employ about 11,000 people, of which 4,000 are located near the nation 's capital.
283:
As of March 2016, the
Engility appointed a former Raytheon employee Lynn Dugle as chief executive. In June 2017, the company eliminated the positions of president and COO previously held by former-TASC CEO John Hynes, who also left the company at the same time. That same month, the company won a
208:. 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
735:
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288:. In November 2017, the US Navy granted Engility a modernization contract valued at $ 30 million. In March 2018, Engility reported a revenue of $ 1.93 billion and net loss of $ 35.2 million in the previous year.
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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
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220:. The new company acquired much of L-3's services business, while its former parent company retained most of the products business.
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231:. The company had inherited lawsuits from L-3 Services Group which in turn had inherited them when L-3 Communications acquired
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contract from the US Air Force to consult on review and evaluation of the space vehicles and missile equipment located at
250:. Valued at $ 120.9 million, the deal was completed in January 2014, beginning a full integration of the two companies.
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was an
American publicly traded company that provided engineering and logistics services to several
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192:. As of 2017, Engility reports an annual revenue of about $ 2 billion. On September 10, 2018,
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Since the spin-off from L-3, Engility has been based in
Chantilly, Virginia, located in the
8:
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254:
213:
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announced it was buying
Engility for about $ 2.5 billion with the brand being retired.
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called for Titan to provide translators to support the personnel in the Iraqi prison.
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reported that
Engility had paid a $ 5.28 million settlement to 71 former inmates of
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736:"In tough times, going bigger is better, says federal services provider Engility"
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603:"U.S. government contractor Engility to buy TASC for about $ 1.1 billion"
469:"Abu Ghraib scandal continuing to create repercussions for contractors"
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In
October 2014, Engility announced that it planned to acquire another
154:
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37:
570:"After 18 months reshaping, Engility seeks growth in DRC acquisition"
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306:"SAIC to Acquire Engility Uniting Two Leading Technology Integrators"
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535:"Engility Holdings to Acquire Dynamics Research for $ 120.9 Million"
852:"Engility will provide consulting for US Air Force space programs"
607:
212:-based parent company, Engility established its headquarters in
188:
was formed in 2012 as a spin-off of the services division of
802:"Engility appoints Raytheon Co executive Lynn Dugle as CEO"
630:"Engility, TASC to Merge in $ 1.1 Billion All-Stock Deal"
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Companies formerly listed on the New York Stock
Exchange
442:"Defense contractor paid $ 5M to Iraqis over Abu Ghraib"
879:"Navy awards $ 30M modernization contract to Engility"
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Associated Press; Herschaft, Randy (January 8, 2013).
628:Cameron, Doug; Beckerman, Josh (October 28, 2014).
242:In December 2013, Engility agreed to acquire the
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901:
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601:Ajmera, Ankit; Mehta, Tanvi (October 28, 2014).
502:"Consolidation looms as Engility picks up DRC"
409:"Contractor Settles Case in Iraq Prison Abuse"
311:Science Applications International Corporation
194:Science Applications International Corporation
148:Science Applications International Corporation
827:"Engility eliminates COO, president position"
667:"Engility to acquire TASC for $ 1.1 billion"
371:"Engility spins off from L-3 Communications"
336:"L-3 to Spin Off a Government Services Unit"
333:
184:and civilian agencies. The company based in
966:Companies based in Fairfax County, Virginia
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976:Engineering companies of the United States
334:De la Merced, Michael J. (July 28, 2011).
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16:American engineering and logistics company
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703:"Engility, TASC complete $ 1.3B merger"
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769:"Engility reshaping for tighter times"
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956:2011 establishments in Virginia
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877:Richman, Jackson (2017-11-28).
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800:Ajmera, Ankit (March 1, 2016).
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568:Censer, Marjorie (2014-02-07).
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407:Cushman, John H. Jr (2013).
278:Washington metropolitan area
218:Washington metropolitan area
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257:-based defense contractor,
127:-$ 35.2 million (2017)
49:; 13 years ago
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110:$ 1.93 billion (2017)
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223:In January 2013, the
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981:Corporate spin-offs
634:Wall Street Journal
540:Wall Street Journal
255:Chantilly, Virginia
214:Chantilly, Virginia
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133:Number of employees
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155:Subsidiaries
93:Lynn Dugle (
62:Headquarters
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79:Area served
940:Categories
913:2018-03-29
888:2018-03-29
863:2018-03-29
836:2018-03-29
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317:2018-09-10
292:References
272:Operations
117:Net income
89:Key people
38:Subsidiary
781:0190-8286
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647:March 29,
642:0099-9660
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421:0362-4331
385:0190-8286
349:March 29,
216:, in the
340:DealBook
246:,-based
210:New York
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608:Reuters
200:History
166:Website
102:Revenue
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264:and
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160:TASC
72:U.S.
262:KKR
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