Engility Holdings (United States) acquired TASC in February 2015. It is involved in the research and development for the Minuteman III system for the US arsenal.
Company profile
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.[1] In February 2015, Engility acquired US-based TASC for an estimated US$ 1.3 billion (€ 1.1 billion).[2]
In the financial year ending 31 December 2016, Engility generated revenues of US$ 2.1 billion (€ 2.0 billion), resulting in an operating loss of US$ 122.5 million (€ 116.3 million) and a net loss of US$ 10.8 million (€ 10.2 million).[3] TASC claims to generate approximately US$ 2.0billion (€1.9 billion) in annual revenue.[4]
[toggle title=”Contact Information”]Contact Information
| Website: | Twitter: | Facebook: |
| www.engilitycorp.com | @EngilityCorp | www.facebook.com/Engility |
Engility Corporate Headquarters
4803 Stonecroft Boulevard Chantilly, VA 20151 USA
+1 (703) 633-8300
Nuclear weapons
Engility fully integrated TASC’s activities into its operations.[5] 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.[6]
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.[7] Another US$ 6.9 million (€ 5.4 million) contract was awarded to TASC in September 2014 under the same program.[8]
In February 2017, Engility was awarded a US$ 35.1 million (€ 32.6 million) contract to provide advisory and assistance services support to the Defense Threat Reduction Agency’s Nuclear Enterprise Support Directorate. The Directorate will: “[…] develop, improve, and promulgate nuclear safety, security, accountability, control reliability, emergency/disaster response/recovery, training, transportation and storage, infrastructure, related technologies, and research activities to U.S. and allied/partner forces, and U.S federal and allied/partner governmental organizations.” The contract has a one-year base and four option years, work is expected to be completed in February 2022.[9]
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Investors
The following financial institutions have made approximately US$ 2,553 million available to this producer between January 2014 and October 2017.
- Adage Capital Management (United States)
- Ameritas Mutual (United States)
- Ares Management (United States)
- Bank of New York Mellon (United States)
- Barclays (United Kingdom)
- BlackRock (United States)
- BNP Paribas (France)
- Crédit Agricole (France)
- Deutsche Bank (Germany)
- Dimensional Fund Advisors (United States)
- Doubleline Capital (United States)
- Federated Investors (United States)
- Fidelity Investments (United States)
- Guggenheim Capital (United States)
- Janus Henderson Group (Jersey)
- JPMorgan Chase (United States)
- Kohlberg Kravis Roberts & Co (United States)
- Legg Mason (United States)
- Leucadia National Corporation (United States)
- Manulife Financial (Canada)
- Millennium Management (United States)
- Mizuho Financial (Japan)
- Morgan Stanley (United States)
- Norges Bank (Norway)
- Northern Trust (United States)
- Northwestern Mutual Life Insurance (United States)
- Old Mutual (United Kingdom)
- Regions Financial (United States)
- Royal Bank of Canada (Canada)
- State Street (United States)
- Strategic Income Management (United States)
- SunTrust (United States)
- Three Peaks Capital Management (United States)
- Ullink (France)
- Vanguard (United States)
- Victory Capital (United States)
- Virtus Investment Partners (United States)
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Notes
[1] Engility Holdings, “About us”, Website Engility Holdings (www.engilitycorp.com/about-us/), viewed August 2017.
[2] 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).
[3] Engility Holdings, “Annual report 2016”, Engility Holdings, March 2017.
[4] TASC, “Our Approach and Experience”, TASC, August 2017 (www.engilitycorp.com/careers/omesii-experience/ ().
[5] Engility Holdings, “Annual report 2015”, Engility Holdings, March 2016.
[6] Engility Holdings, “Aerospace Engineer 2”, Website Engility Holdings, April 2016 (careers-engility.icims.com/jobs/20675/aerospace-engineer-2), viewed August 2017;
TASC, “ICBM Systems Engineer”, Website Jobs for Engineering, 25 May 2015 (www.jobs4engineering.com/icbm-systems-engineer/job/s/9936133/).
[7] 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).
[8] 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).
[9] US Department of Defense, “Daily Contract List – Contract HDTRA1-17-C-0027”, U.S. Department of Defense, 7 February 2017 (www.defense.gov/News/Contracts/Contract-View/Article/1074894/); Engility Holdings, “DTRA Awards Engility $35 Million Contract For Nuclear Consulting”, Engility Holdings, May 2017.
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