Engility Holdings (United States): in February 2015 acquired US-based TASC. It is involved in the research and development for the Solid Rocket Motor Modernization Study of the Minuteman III system for the US arsenal.
Engility Holdings (“Engility”), based in the US, is operating as a provider of specialized technical consulting, engineering and technology lifecycle support, information technology modernization and sustainment, supply chain services and logistics management, and training and education for the US Government.[a] In February 2015, Engility acquired US-based TASC for an estimated US$ 1.3 billion (€ 1.1 billion).[b]
In the financial year ending 31 December 2015, Engility generated revenues of US$ 2.1 billion (€ 1.9 billion), resulting in an operating loss of US$ 189.4 million (€ 173.3 million) and a net loss of US$ 235.4 million (€ 215.4 million).[c] TASC claims to generate approximately US$ 1.5 billion (€ 1.2 billion) in annual revenue.[d]
Engility Corporate Headquarters
3750 Centerview Drive
Chantilly, VA 20151
Engility fully integrated TASC’s activities into its operations.[i] As part of its work on the Minuteman III Weapon System, TASC conducts the mission planning and post flight analysis of the accuracy and other performance parameters of the regular US Air Force flight tests. The company also provides tactical advisory services, system performance analysis, and supports system engineering functions for upgrades and enhancements to the ICBM system.[ii]
In January 2014, TASC was awarded a US$ 6.9 million (€ 5.0 million) contract for research and development on the Solid Rocket Motor Modernization Study of the Minuteman III system. Under the contract running until July 2015, TASC conducted a study to develop and investigate propulsion options and impacts for replacement or modernisation of the Minuteman III fielded force.[iii] Another US$ 6.9 million (€ 5.4 million) contract was awarded to TASC in September 2014 under the same program.[iv]
The following financial institutions have made approximately US$ 2,553 million available to this producer since January 2013.
- BNP Paribas
- BPCE Group
- Cooper Creek Partners Management
- Deutsche Bank
- Dimensional Fund Advisors
- Fidelity Investments
- JPMorgan Chase
- Kohlberg Kravis Roberts & Co
- Legg Mason
- Leucadia National Corporation
- Mizuho Financial
- Northern Trust
- Norwegian Government Pension Fund – Global
- Orix Corporation
- Prudential Financial (US)
- Regions Financial
- Royal Bank of Canada
- State Street
- T. Rowe Price
- Victory Capital
This page was last updated on 30 November 2016.
[a] Engility Holdings, “About us”, Website Engility Holdings (www.engilitycorp.com/about-us/), viewed June 2016.
[b] Engility Holdings, “Engility completes acquisition of TASC”, News release Engility Holdings, 26 February 2015 (investors.engilitycorp.com/phoenix.zhtml?c=251345&p=irol-newsArticle&ID=2020694).
[c] Engility Holdings, “Annual report 2015”, Engility Holdings, March 2016.
[d] TASC, “Mobile applications solutions, TASC, March 2014 (www.tasc.com/Brochures/Mobile-Apps-Solutions-Brochure.pdf).
[i] Engility Holdings, “Annual report 2015”, Engility Holdings, March 2016.
[ii] Engility Holdings, “Aerospace Engineer 2”, Website Engility Holdings, April 2016 (careers-engility.icims.com/jobs/20675/aerospace-engineer-2), viewed June 2016;
TASC, “ICBM Systems Engineer”, Website Jobs for Engineering, 25 May 2015 (www.jobs4engineering.com/icbm-systems-engineer/job/s/9936133/).
[iii] US Department of Defense, “Daily Contract List – Contract FA8219-14-C-0003”, U.S. Department of Defense, 30 January 2014 (archive.defense.gov/Contracts/Contract.aspx?ContractID=5214).
[iv] Department of the Air Force, “A – Research and Development”, Website Federal Business Opportunities, 17 September 2014 (www.fbo.gov/index?s=opportunity&mode=form&tab=core&id=1ae803c31808b8b492fcc0a145f6fa3d).