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Stock Market & Financial Investment News

News Breaks
June 18, 2014
18:18 EDTEGLEngility Holdings unit awarded $22.2M in task orders
Engility Holdings announced that its wholly-owned subsidiary, Dynamics Research Corporation, has been awarded modifications to two task orders totaling $22.2M to support a broad spectrum of engineering, testing and project management for the Medium Altitude Unmanned Aircraft Systems Division at Wright-Patterson Air Force Base in Ohio. Under the task orders, Engility will support a range of work at Wright-Patterson AFB and Palmdale and Poway, Calif. The work will include logistics management, project management, product and quality assurance, acquisition support and foreign military sales program management, and electrical and mechanical engineering. Additionally, Engility will support flight and ground test activities, weapons integration, flight operations scheduling and logistics management. The task orders, which represent extensions under the NAVAIR Logistics, Maintenance and Supply Support contract vehicle, have a total value of $22.2M, including a nine-month base valued at $13.1M, and two three-month option periods.
News For EGL From The Last 14 Days
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February 26, 2015
12:38 EDTEGLEngility Holdings announces completion of TASC acquisition
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February 23, 2015
14:03 EDTEGLEngility Holdings shareholders approve acquisition of TASC
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February 20, 2015
17:05 EDTEGLEngility declares $207M condiitional special cash dividend upon mergers closing
Engility Holdings announced that its board has declared a special cash dividend, conditioned upon the satisfaction or waiver of all conditions to closing its pending business combination with TASC. The special cash dividend will be in an aggregate amount of approximately $207M, with the per share amount of the special cash dividend to be determined based on Engility’s fully diluted share count immediately prior to closing. It is currently anticipated that the per share amount of the special cash dividend will be approximately $11.46. The special cash dividend will be payable in cash to Engility shareholders of record as of the close of business on the last business day immediately prior to the effective date of the proposed mergers. In order to receive the special cash dividend, Engility shareholders must hold their shares of Engility common stock through the date of the closing of the mergers.
08:04 EDTEGLEngility Holdings wins $27.6M contract to provide product, technical support
Engility Holdings announced it has been awarded a $27.6M contract to provide product and technical support for the development and testing of the Naval Avionics Platform Integration Emulator systems for U.S. Navy platforms. NAPIE systems enable rapid integration of cutting-edge prototype technologies, such as sensors or algorithms, into existing platforms. The work will be done for the Air Traffic Control Systems Division, Naval Air Warfare Center, Aircraft Department Patuxent River, MD. Under this contract, which represents a continuation of previous work, Engility will provide program management, engineering services, system architecture, guidance quality analysis, test planning, flight test data analysis, and field support to the NAWCAD/ATC Systems Division. Work under this cost-plus-fixed-fee award will be performed over five years.

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