Home / M&A Activity / Tony Moraco: Engility Buy Doubles SAIC’s Business in Intelligence, Space Sectors

Tony Moraco: Engility Buy Doubles SAIC’s Business in Intelligence, Space Sectors

Tony Moraco

Tony Moraco, CEO of Science Applications International Corp. (NYSE: SAIC), told Breaking Defense in an interview published Wednesday that the merger with Engility allowed SAIC to double its intelligence business.

He said the transaction enabled SAIC to broaden its reach to a wider range of agencies within the intelligence community, including the CIA, National Geospatial-Intelligence Agency and National Security Agency in addition to the National Reconnaissance Office.

“[It’s] a much more balanced intelligence portfolio, [with] over a billion dollars of overall program revenues,” Moraco told Breaking Defense’s Sydney Freedberg.

Moraco, a 2019 Wash100 winner, noted that the combination brings SAIC “to a very strong leadership position to really take full advantage across the intelligence community’s use of space, the Defense Department’s use of space, and federal civilian agencies such as NASA and [National Oceanic and Atmospheric Administration].”

He said SAIC supports development work on satellites, rocket boosters and other space platforms by providing systems engineering, ground control, launch support and other technical services.

On Jan. 14, SAIC announced that it completed its $2.5B purchase of Engility, which came four months after both companies first announced the transaction.

Check Also

Honeywell Awarded $111M to Provide Hardware for Army Tank Engine Overhaul

Honeywell (NYSE: HON) has received a potential $110.9M contract modification to provide hardware required to overhaul engines that power the U.S. Army's Abrams tanks. Services under the contract are intended to address Advanced Gas Turbine 1500 production requirements at Anniston Army Depot and support field repair efforts under the Total Integrated Engine Revitalization program, the Department of Defense said Thursday.

Amyx Secures $105M in DHA Program, Acquisition Support Contracts

Amyx has won a pair of fixed-price contracts worth $104.7M combined to support procurement and program management functions at the Defense Health Agency.