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SAIC, Engility Shareholders Approve $2.5B Merger Deal

Stockholders at Science Applications International Corp. (NYSE: SAIC) and Engility (NYSE: EGL) have approved at their respective meetings SAIC’s proposed $2.5B acquisition of the Chantilly, Va.-based engineering services contractor. Holders of more than 98 percent of shares in SAIC voted Friday to approve a proposal to issue shares of common …

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Craig Reed Named Serco Inc. SVP, Chief Growth Officer; Dave Dacquino Quoted

Craig Reed, a 35-year GovCon veteran, has joined Serco Group’s North American subsidiary as a senior vice president and chief growth officer. He will report to Dave Dacquino, chairman and CEO of Serco Inc., and lead business development and corporate strategy efforts such as mergers and acquisitions, market intelligence and …

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Engility, ManTech, Noblis, SAIC to Provide DHS R&D Services Under $325M SETA III Contract

Four companies have secured spots on a potential five-year, $325M contract to provide research, development, test and evaluation support services for the Department of Homeland Security. A FedBizOpps notice posted Tuesday says Engility (NYSE: EGL), ManTech International (Nasdaq: MANT), Noblis and Science Applications International Corp. (NYSE: SAIC) will compete for …

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SAIC Reports 3% Rise in Q3 FY 2019 Revenue; Tony Moraco Quoted

Tony Moraco, CEO of Science Applications International Corp. (NYSE: SAIC), has said the company’s fiscal 2019 third-quarter results reflect its continued focus to deliver robust performance across its contract portfolio. SAIC said Thursday it closed the quarter with $1.2B in revenue, a 2.8 percent or $32M increase from the same …

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SAIC, Engility Set Jan. 11 Shareholder Vote on $2.5B Merger Deal

Science Applications International Corp. (NYSE: SAIC) and Engility (NYSE: EGL) will each conduct a shareholder meeting on Jan. 11 to decide on proposals associated with SAIC’s proposed $2.5B purchase of the Chantilly, Va.-based engineering services contractor. Shareholders of record as of Nov. 29 are expected to receive on Dec. 4 the …

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Engility Sets Record Q3 Book-to-Bill Ratio; Lynn Dugle Quoted

Engility (NYSE: EGL) reported a record book-to-bill ratio of 2.4x at $1.1B in net bookings and posted a revenue of $471M in the third quarter of 2018. The company said Wednesday those net bookings included contract awards worth approximately $550M within the intelligence segment; $320M within the space sector; and …

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Engility Wins $249M DOD Medical & Logistics Contract Spot; Lynn Dugle Quoted

Engility (NYSE: EGL) will compete for task orders to provide logistics, medical and professional services to the Defense Department under a potential $249M contract. The company said Monday it seeks to help the Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense manage the life cycle of DoD programs that seek to counter biological and …

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SAIC’s Planned Engility Buy Inches Closer to Completion as Waiting Period Under Antitrust Law Ends

Science Applications International Corp. (NYSE: SAIC) has met one of the conditions needed to complete its proposed acquisition of Engility (NYSE: EGL) with the expiration of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act. SAIC said Tuesday the waiting period ended Monday, Oct. 22, with respect to …

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Engility Books $167M in Q2 Federal Contracts; Lynn Dugle Comments

Engility (NYSE: EGL) has received contracts worth more than $167 million combined from multiple federal customers during the second quarter. Work under the contracts will primarily occur within the continental U.S. and will include logistics and program management, systems engineering and mission assurance support services, the company said Tuesday. Lynn Dugle, chairman, president and CEO of …

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Report: Engility In Talks With CACI, SAIC Over Potential Sale

Engility (NYSE: EGL) is reportedly in talks with defense contractors such as Science Applications International Corp. (NYSE: SAIC) and CACI International (NYSE: CACI) as it considers putting itself up for sale, Reuters reported Thursday. Sources told Reuters that discussions are still in the early stages and may not result in a transaction. …

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