SAIC said Monday the combined firm will continue to operate in Reston, Va., under the corporate name SAIC and leadership of CEO Tony Moraco.
Moraco said the deal™s completion forms a combined company with approximately 23K employees and a long-term strategic plan to drive shareholder value and support clients™ requirements.
SAIC agreed to purchase Engility in September 2018 via an all-stock transaction in a push to expand its presence in intelligence and space sectors.
Engility, which has become SAIC™s wholly owned subsidiary, made its final trading on the New York Stock Exchange Friday and its stockholders secured 0.450 shares of SAIC™s common stock for each share they own.
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