Engility

Engility is now part of SAIC. Engility, previously known as L-3 Services, Inc., became an independent publicly traded corporation in July 2012 as part of a spin-off transaction by L-3 Communications Corporation. At the time of the spin-off, the new company was estimated to have an annual revenue of $1.6 to $2 billion and employed about 9,000 to 10,000 people.[2][3] The L-3 Services Group EVP, Tony Smeraglinolo, was announced as the CEO of the new defense contractor firm.[2] Following the spin-off from its New York-based parent company, Engility established its headquarters in Chantilly, Virginia, in the Washington metropolitan area. The new company acquired much of L-3's services business, while its former parent company retained most of the products business.[3]

In January 2013, the Associated Press reported that Engility had paid a $5.28 million settlement to 71 former inmates of Abu Ghraib prison.[4] The company had inherited lawsuits from L-3 Services Group which in turn had inherited them when L-3 Communications acquired Titan Corporation.[5][6] The contract with the United States Armed Forces called for Titan to provide translators to support the personnel in the Iraqi prison.[4]

In December 2013, Engility agreed to acquire the Andover, Massachusetts,-based Dynamics Research Corporation.[7] Valued at $120.9 million,[8] the deal was completed in January 2014, beginning a full integration of the two companies.[9]

In October 2014, Engility announced that it planned to acquire another Chantilly, Virginia-based defense contractor, TASC[10] KKR and General Atlantic, the private equity firms which previously owned TASC, gained a 51% stake in Engility Holdings as part of the merger.[11] The all-stock acquisition deal was valued at $1.1 billion.[12] Engility completed the acquisition of its rival in February 2018 with the final price for the deal reported as $1.3 billion.[13] After the merger, the company announced that TASC's chief executive, John Hynes, had joined Engility as the chief operating officer. The TASC brand remained in operation as a subsidiary of Engility.[12][14]

Since the spin-off from L-3, Engility has been based in Chantilly, Virginia, located in the Washington metropolitan area.[3] In March 2013, Engility implemented a significant reduction in its auxiliary workforce, cutting about 40 percent of its accounting, human resources, and payroll departments, reducing its total of 7,800 employees by 4%.[15] After the merger with TASC in early 2015, however, the company was estimated to employ about 11,000 people, of which 4,000 are located near the nation 's capital.[13]

As of March 2016, the Engility appointed a former Raytheon employee Lynn Dugle as chief executive.[16] In June 2017, the company eliminated the positions of president and COO previously held by former-TASC CEO John Hynes, who also left the company at the same time.[17] That same month, the company won a contract from the US Air Force to consult on review and evaluation of the space vehicles and missile equipment located at Los Angeles Air Force Base.[18] In November 2017, the US Navy granted Engility a modernization contract valued at $30 million.[19] In March 2018, Engility reported a revenue of $1.93 billion and net loss of $35.2 million in the previous year.[20]

• Official website