The U.S. NavyÂ has awarded Engility Holdings (NYSE:Â EGL) a potential five-year, $12.5 million contract to provide logistics and supply chain management services under the service branchâs Stricken Aircraft Reclamation and Disposal Program.
“Reclaiming and reusing aircraft and helicopter items has significantly benefited the Navy in terms of cost-avoidance and in making high-demand items available, â Tony Smeraglinolo, president and CEOÂ of Engility and an inductee intoÂ Executive MosaicâsÂ Wash100 list for 2015, said Wednesday.
âIt is also a critical step in the life-cycle of a program â systems engineering of a weapon system, its retirement and its replacement.â
The Chantilly, Va.-based companyâs SARDIP team will perform contract work through its facilities located atÂ Naval Air Stations in Florida and Virginia under the indefinite-delivery/indefinite-quantity contract.
Engility has carried out aircraft reclamation and disposal work under SARDIP for 16 years.