Blog Exposure – US General Services Administration Awards Engility Holdings Alliant 2 GWAC for Providing IT Services and Solutions

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LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free report on Engility Holdings, Inc. (NYSE: EGL). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EGL. On December 19, 2017, the Company announced that it has been selected as the approved vendor for the Alliant 2 government-wide acquisition contract (GWAC) with the US General Services Administration (GSA). Under the Alliant 2, Engility will provide customized IT services and solutions. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for DLH Holdings Corp. (NASDAQ: DLHC), which also belongs to the Services sector as the Company Engility Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Engility Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=EGL

Commenting on being a part of Alliant 2, Luis Almodovar, Vice President of GWAC and IDIQ (indefinite delivery, indefinite quantity) Solutions at Engility, said:

“Alliant 2 enhances our ability to bid on and win critical work around the globe. The Office of Management and Budget named Alliant 2 as best in class for IT solutions, and we are excited to be among the Companies chosen to participate, continuing relationships we built under the Alliant Program.”

Scope of Alliant 2 GWAC

As per the terms of the Alliant 2 GWAC, Engility will provide key IT services and solutions including systems engineering and integration, cyber, high performance computing and enterprise solutions. These services and solutions are expected to support the IT systems and modernization efforts of the Federal Government. The Company will provide the complete IT solutions and services which will be customized as per the requirements of GSA. The Alliant 2 GWAC is initially for a 5-year term with a provision to extend it for an additional 5 years.

The Company believes that it was awarded this contract based on its capabilities in high-demand areas viz. cybersecurity, cloud computing, artificial intelligence, big data, biometrics, Internet of Things, and virtual networking. The bagging of the contract is expected to boost the Company’s IDIQ portfolio and allow it to get more orders.

About Alliant 2 GWAC

A GWAC is a pre-competed, multiple-award, IDIQ contract that agencies can use to buy total IT solutions. The Alliant 2 GWAC is a similar contract from GSA for providing customized Information Technology (IT) services and IT services-based solutions. The Alliant 2 has a $50 billion ceiling and is available for use by all Federal agencies and other entities. In November 2017, GSA announced the list of 61 companies which were awarded contracts under Alliant 2. These companies have already earned “best-in-class” status from the Office of Management and Budget. The Alliant 2 allows federal agencies to access integrated information technology (IT) solutions for evolving needs on a global basis and the ability to stay on the forefront of emerging IT services.

Alliant 2 is the second version of GSA’s successful Alliant GWAC and has been enhanced to include scope improvements, new IT service labor categories, new cybersecurity standards, and new environmental standards. The Alliant 2 also incorporates the Defense Federal Acquisition Regulation Supplement (DFARS) regulations/provisions into the master contract so that the contract awardees can automatically flow down to the task order level on any/all task orders issued by a Department of Defense (DoD) agency. Since the contracts awarded under Alliant GWAC expire in April 2019, the Alliant 2 provides federal clients, with long-term task order requirements exceeding five years, to consider the Alliant 2 GWACs.

About Engility Holdings, Inc.

Chantilly, Virginia based Engility is a premier provider of integrated solutions and services to the US government customers in the defense, federal civilian, intelligence, and space communities. The Company’s solutions and services include an array of specialized technical service offerings include high-performance computing, cybersecurity, enterprise modernization, and systems engineering. The Company is known for providing world-class solutions and services, balanced performance, efficiency, and best value. The Company’s intimate understanding of customers’ needs, deep domain expertise, and the team of skilled professionals allows it to develop and deliver on-target solutions for critical missions. The Company has operations spread across 50 countries and is supported by a team of approximately 8,800 employees. In FY16, the Company’s revenues were $2.1 billion.

Stock Performance Snapshot

December 20, 2017 – At Wednesday’s closing bell, Engility Holdings’ stock climbed 4.13%, ending the trading session at $28.77.

Volume traded for the day: 114.64 thousand shares.

Stock performance in the last month – up 1.84%; and previous six-month period – up 6.12%

After yesterday’s close, Engility Holdings’ market cap was at $1.06 billion.

Price to Earnings (P/E) ratio was at 34.54.

The stock is part of the Services sector, categorized under the Staffing & Outsourcing Services industry. This sector was up 0.1% at the end of the session.

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