SAIC completes Engility acquisition
Science Applications International Corporation (SAIC) has completed its acquisition of Engility Holdings, the company announced on 14 January.
Under the terms of the merger agreement, Engility has become a wholly-owned subsidiary of SAIC. The combined company will have the SAIC name and continue to be headquartered in Reston, Virginia.
Engility provides systems engineering and integration, high performance computing, cybersecurity, readiness and training, enterprise modernisation and mission operations support solutions for the defence, federal civilian, intelligence and space industries.
Tony Moraco, CEO, SAIC, said: ‘With the acquisition of Engility, we are now a team of 23,000 – driven by mission, united by purpose and inspired by opportunity. Add to that five consecutive quarters of organic revenue growth for SAIC and the trend is clear – we’re thriving. We are now a bigger, stronger company executing our long-term strategic plan, dedicated to exceeding customer expectations and driving shareholder value.’
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