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Tag Archives: TASC

Tony Smeraglinolo: Engility Eyes Balanced Portfolio After February TASC Acquisition

TYSONS CORNER, VA, December 7, 2015 — Tony Smeraglinolo, CEO of Engility (NYSE: EGL), said the company continues to work to diversify its portfolio following its acquisition of TASC in February, ExecutiveBiz reported Thursday. “This kind of balanced portfolio is key to our growth as it gives us different market channels …

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Weekly Roundup Nov 30 – Dec 4 2015: Lockheed Presses Pause on IT Biz Separation & More

Weekly Roundup Nov 30 – Dec 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The world’s largest aerospace and defense contractor’s message to investors and other GovCon industry observers this week on the future of its government services business can …

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Air Force Adds 10 Firms to Potential $5B Cyber, Info Systems Support IDIQ

The U.S. Air Force has selected an additional 10 companies to compete for task orders to research, develop and test cybersecurity and information system management tools under a potential five-year, $5 billion contract. These companies will join the six vendors initially awarded small business set-aside positions on the multiple-award contract last month, the Defense Department …

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Weekly Roundup Nov 9 – Nov 13 2015: BAE’s Decision Gives Some US Govt Services M&A Clarity & more

Weekly Roundup Nov 9 – Nov 13 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson What will the U.S. government services market look like when we enter 2016 and who will be in it? We received some clarity to that question early Thursday morning …

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Wood Parker Named to Serco’s US Arm Board; Dan Allen Comments

Wood Parker, former president and CEO of Engility’s (NYSE: EGL) TASC subsidiary, has been appointed to the board of directors at Serco Group’s U.S. subsidiary Serco Inc. “Wood’s extensive knowledge and insight into federal government contracting with the department of defense, federal civilian agencies and the intelligence community will be …

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Engility 3Q Earnings Below Wall Street Expectations on Contract Award, Start Delays

Engility Holdings (NYSE: EGL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported third quarter earnings of 61 cents per share to fall 3 cents below the consensus Wall Street forecast. Revenue for the Chantilly, Va.-based government services contractor came in at $570.45 million for the quarter versus …

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Weekly Roundup Sept 28 – Oct 2 2015: Frank Kendall’s Outlook on Defense Sector Consolidation & More

Weekly Roundup Sept 28 – Oct 2 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The military’s chief weapons buyer sought to throw cold water this week on the idea of consolidation among the U.S.’ largest prime contractors in a year that has …

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Engility Beats Wall Street 2Q Earnings Estimate, Adjusts FY 2015 Guidance

Engility Corp. (NYSE: EGL) has reported fiscal year 2015 second quarter earnings of 51 cents per share,  a figure that exceeded Wall Street analysts’ forecasts by five cents. The Chantilly, Va.-based government services contractor also raised its FY 2015 earnings guidance to a range of between $2.05 and $2.50 per share from …

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Engility to Help Engineer Naval Radar Systems; Tony Smeraglinolo Comments

The U.S. Navy has awarded Engility Holdings (NYSE:EGL) a potential $53 million contract to perform engineering work on rotating and surveillance maritime radars. Engility said Monday the award has a $35.4 million initial value and is a follow-on to a contract that TASC won before that company merged with Engility. …

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US Army Awards $501M Medical Research Contract to Four Firms

Leidos (NYSE: LDOS), Vaccine Co., PPD Development LP and TASC have won a $501 million contract to perform medical research for the U.S. Army. The Defense Department said Friday that the companies will receive orders to carry out the task through July 30, 2020. The Army Medical Research Acquisition Activity received …

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