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Search Results for: Engility

Tony Smeraglinolo: Engility Targets New Contract Vehicles As DRC Buy Closes

Engility Holdings (NYSE: EGL) has closed its $11.50-per-share acquisition of Dynamics Research Corp. as part of a growth strategy to target markets such as healthcare and homeland security. DRC holds 300 active contracts and that figure includes several positions on indefinite-delivery/indefinite-quality contract vehicles awarded by the Defense Department and civilian agencies, …

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Engility Finalizes Cash Tender Offer for DRC; Jim Regan Comments

Engility Holdings (NYSE: EGL) has completed a cash tender offer to acquire Dynamics Research Corp. (NASDAQ: DRCO) for $11.50 each. Eighty-six percent of DRC’s common stock or 9, 025, 528 shares have been tendered in the tender offer that expired Tuesday midnight, New York City time, Engility said Wednesday. Jim Regan, DRC’s …

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Engility Strikes Cash Deal to Buy Dynamics Research Corp.; Tony Smeraglinolo Comments

Engility Holdings Inc. (NYSE: EGL) has agreed to acquire consulting firm Dynamics Research Corp. (NASDAQ: DRCO) in an effort to gain new customers and contracts, grow scale and diversify its service offerings. Both companies’ board of directors have signed off on the deal for Engility to buy all of DRC’s …

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Engility to Help Marines Run Air, Ground Comm System; Tony Smeraglinolo Comments

Engility Holdings (NYSE: EGL) has won $20.7 million fixed-price contract to help the U.S. Marine Corps mange a communications system used for air and ground missions. The five-year, fixed-price contract covers software management and mission support services for the service branch’s Beyond Line of Sight systems, Engility said Tuesday. Marines use Beyond …

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Engility-AECOM JV Awarded $142M DOJ Asset Forfeiture Award; Tony Smeraglinolo Comments

A joint venture of Engility Holdings (NYSE: EGL) and AECOM Technology Corp. (NYSE: ACM) has been awarded a $142 million contract option to continue analytical, legal, program and business support work for the Justice Department‘s Asset Forfeiture Program. The single-award, indefinite-delivery/indefinite-quantity, time and material contract covers 36 labor categories such as financial …

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Engility to Help Marine Corps Integrate Comm Network Hardware; Tony Smeraglinolo Comments

Engility Holdings (NYSE: EGL) has won two contracts worth $18.9 million combined to work with the U.S. Marine Corps on integrating hardware for the branch’s integration technology communication interface hubs. Both single-award fixed-price contracts were awarded by the U.S. Army‘s Natick Soldier Research, Development and Engineering Center, Engility announced Monday. Tony Smeraglinolo, …

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Engility’s IRG Subsidiary to Help USAID Hold Clean Energy Seminars; Tony Smeraglinolo Comments

An Engility Holdings (NYSE: EGL) subsidiary has won a $7.8 million task order to help the U.S. Agency for International Development conduct training workshops and online seminars on clean energy. IRG will work with USAID’s energy staff and their international counterparts under the single-award cost-plus fixed fee, Engility said Wednesday. “This …

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Engility Subsidiary to Help USAID Run Ukraine Clean Energy Programs; Tony Smeraglinolo Comments

Engility Holdings‘ (NYSE: EGL) IRG subsidiary has won a $13.5 million task order to help the U.S. Agency for International Development carry out clean energy programs in Ukraine. IRG and USAID will collaborate to update clean energy regulations, drive investments in that sector and help the country’s private and public …

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Engility Selected Prime for Army Vehicle R&D Program; Tony Smeraglinolo Comments

Engility Holdings (NYSE: EGL) has won a $9.7 million contract to provide engineering services to the U.S. Army for a vehicle research and development program. The three-year contract calls for Engility to work with the Army’s Aberdeen Proving Ground, Md.-based research laboratory vehicle technology directorate on platform mechanics, propulsion technologies, vehicle …

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Engility to Open $450M Credit Facility; Tony Smeraglinolo Comments

Engility Holdings (NYSE: EGL) has closed on a $450 million senior secured credit facility that replaces its current $400 million credit facility. The fresh facility comprises of a $200 million term loan and a $250 million revolving credit with a five-year term, Engility said Monday. Engility also purchased an accordion feature …

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