CHANTILLY, Va.--(BUSINESS WIRE)--Engility Holdings, Inc. (NYSE: EGL), today announced it was awarded a firm fixed price contract for the Department of Veterans Affairs (VA) Office of Information and Technology (OI&T). The award has a total value of $16.8 million and includes optional tasks for software enhancements and four 12-month option periods. VA OI&T oversees and facilitates Information Technology (IT) activities for the VA, improving the effectiveness of program operations and assisting line and staff organizations in performing their missions. Under the contract, Engility will provide for operations, enhancements and maintenance of the Budget Tracking Tool (BTT), a government-owned off-the-shelf application that was ported to VA OI&T in 2005 and supports the entire planning, programming, budget and execution (PPBE) lifecycle.
“Federal agencies like the VA have come to rely on Engility to improve and modernize their planning, budgeting and program execution lifecycle process,” stated Engility CEO Lynn Dugle. “We value the opportunity to continue working with the VA as they deliver important services to our nation’s 22 million Veterans and their families.”
BTT provides a standardized, automated tool for efficiently managing the VA’s PPBE lifecycle. A version of the application is also in use at the Internal Revenue Service. This effort will allow the Engility team to continue to enhance, maintain and support the software. BTT gives VA analysts, managers and executives access to PPBE information using a web-based tool with a centralized data repository that allows for multi-user access and robust user permissions ensuring the VA can generate accurate and timely budgets.
About Engility
Engility Holdings, Inc. (NYSE: EGL), a leading provider of mission-critical and highly technical services to the U.S. government, is engineered to make a difference. Built on a five-decade commitment to our customers and our country, Engility delivers world-class performance, efficiency and value in a broad range of services, including engineering and technology life cycle support, program and business support and specialized technical consulting. Headquartered in Chantilly, Virginia, and with offices around the world, Engility supports customers throughout the defense, intelligence, space, federal civilian and international communities, drawing on our intimate understanding of customer needs, our deep domain expertise and our highly skilled employees to develop and deliver on-target solutions. To learn more about Engility, please visit www.engilitycorp.com and connect with us on Facebook, LinkedIn and Twitter.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Engility’s future prospects, projected financial results, estimated integration costs and acquisition related amortization expenses, business plans, as well as the TASC transaction and its expected benefits and the timing of such benefits. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are also used to identify these forward-looking statements. These statements are based on the current beliefs and expectations of Engility’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Engility’s actual results to differ materially from those described in the forward-looking statements can be found under the heading "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2015, and more recent documents that have been filed with the Securities and Exchange Commission (SEC) and are available on the investor relations section of Engility’s website (http://www.engilitycorp.com) and on the SEC’s website (www.sec.gov). Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.
