Sign In
Search
Business/Financial

Engility To Acquire DRC To Expand Customer Base, Diversify Services

Cal Biesecker By
SHARE:
Engility To Acquire DRC To Expand Customer Base, Diversify Services
Engility President and CEO Tony Smeraglinolo. Photo: Engility

Government services contractor Engility Corp. [EGL] on Monday said it has agree to acquire Dynamics Research Corp. [DRCO] for more than $120 million in cash in a deal that diversifies and expands its federal customer base and service offerings. Engility said it would pay $11.50 in cash for each outstanding share of DRC’s stock, resulting in an equity investment of about $121 million. DRC’s debt is $79.2 million, bringing the enterprise value of the deal to about $200 million. The…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Castelion Raises $1 Billion To Produce Hypersonic Weapon Sooner, Develop New Weapons

Space

Portal Space Plans First Launch Of Transorbital Supernova Spacecraft In 2028

Business/Financial

Ursa Major Going Public To Scale Hypersonic Weapon, Rocket Motors And Engines

Business/Financial

Mehta Appointed New CEO At L3Harris After Kubasik Forced Out Due To Conduct

Trending

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’
Defense Watch: MQ Next, DOT&E Concerns, SSN Shakedown, Army Motors
USAF Working on CCA Increment 2 Acquisition Strategy, As Service Considers An Evolution Of Increment 1
Army Eyes Plans To Begin Production Of New T901 Helicopter Engine By 2031
Space Force PAE For Infrastructure Completing Move To Colorado Springs

Congress Updates

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume