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Stock Market & Financial Investment News

News Breaks
July 2, 2014
08:02 EDTEGLEngility Holdings unit awarded $13.4M contract
Engility Holdings announced that its wholly owned subsidiary, Dynamics Research, has been awarded a $13.4M contract to support the Secure Payment System of the U.S. Department of Treasury. SPS provides secure transmission of payment data and strongly auditable certification of payments for the U.S. Government. Engility acquired DRC earlier this year. Engility, through a system they developed for the Bureau of the Fiscal Service’s Payment Management, will support the processing of more than one billion transactions with an estimated annual value of $2.5T. This system operates within a secure architecture that protects critically sensitive payment information. Engility also provides 24x7 support to more than 2,400 users in over 200 Federal Government organizations worldwide. This recompete contract was awarded by Treasury’s Bureau of the Fiscal Service and continues through 2018. It is a firm-fixed price task order against the GSA Schedule.
News For EGL From The Last 14 Days
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March 25, 2015
09:11 EDTEGLEngility Holdings called a 'diamond in the rough' at FBR Capital
FBR Capital says one-time adjustments in 2015 give investors an opportunity to own "diamond in the rough" Engility Holdings. FBR expects Engility to benefit from close to zero taxes for at least the next half-decade and generate solid free cash flow. It thinks 2016 earnings should start to normalize and show the company's underlying earnings growth story. FBR keeps an Outperform rating on Engility with a $45 price target.
March 24, 2015
12:45 EDTEGLEngility Holdings price target lowered to $46 from $56 at Maxim
Maxim lowered its price target for Engility Holdings to $46 citing continued pressure in the company's Department of Defense business. The firm believes Engility's pipeline "remains solid" and it keeps a Buy rating on the name.
07:32 EDTEGLEngility Holdings awarded $34.9M contract
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06:04 EDTEGLEngility Holdings sees FY15 adjusted EPS $1.70-$2.20, consensus $1.71
Sees FY15 revenue $2B-$2.3B, consensus $2.21B.
March 23, 2015
16:13 EDTEGLEngility Holdings awarded IDIQ contract from USAID with $1B ceiling
Engility Holdings announced it has been awarded an Indefinite Delivery Indefinite Quantity, IDIQ, multiple-award contract with a $1B ceiling to provide technical advisory services to the U.S. Agency for International Development, USAID. The five-year contract represents a continuation of Engility's work under the previous Water II IDIQ Contract. Task orders issued under this new award can be cost plus fixed fee or firm fixed price.Under the requirements of the Water and Development IDIQ, WADI, Engility will provide a range of technical services, including multi-year projects, to USAID/Washington bureaus and USAID missions worldwide. The focus of this work will be to promote food security and advance development through improvements to water, supply, sanitation and hygiene, and the sound management of water.
10:09 EDTEGLEngility Holdings management to meet with CRT Capital
Meeting to be held in New York on March 25 hosted by CRT Capital.
10:08 EDTEGLEngility Holdings management to meet with FBR Capital
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March 20, 2015
09:14 EDTEGLEngility Holdings to host conference call
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