:

Business/Financial

Engility Holdings To Acquire TASC

Defense Daily Staff

Tuesday, October 28th, 2014

SHARE:

Engility Holdings To Acquire TASC

Photo: New York Stock Exchange.

Engility Holdings [EGL], a government services contractor, is planning to acquire TASC, a similar firm, in a $1.1 billion all-stock transaction that is expected to close in the first quarter of next year, the companies announced Tuesday. They said the merger will create a combined projected revenue of $2.5 billion based on 2014 numbers. Tony Smeraglinolo, Engility president and CEO, said in a statement that the acquisition of TASC is part of Engility’s strategy to grow and diversify the company’s…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]