A PYMNTS Company

US: Government contractor Engility grabs rival for $1B

By  |  October 29, 2014

Government and military services contractor Engility announced plans to acquire one of its closest rivals for $1.1 billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, Engility will take over TASC in what reports say is one of the largest government contracting mergers inked this year. The deal is only surpassed by Orbital Science’s plans to merge with Alliant Techsystems.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    According to reports, the deal follows a decline in the government contracting industry due to budget cuts. The combination of the rivals is set to create a company with revenue of about $2.5 billion.

    Full content: Washington Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.