Engility Holdings, Inc. announced the completion of its spin-off from L-3 Communications Holdings, Inc. and began operations as an independent, leading provider of global professional and technical services for the U.S. government.
President and CEO of Engility, Tony Smeraglinolo said, “Today is a significant inflection point for our company, and we expect our independence to provide access to substantial opportunities we were previously constrained from pursuing by organizational conflicts of interest under L-3. I am excited about these new opportunities because they will allow Engility employees to do what they do better than anyone else- provide highly specialized support for our clients’ missions, whenever, wherever they need us, in a cost-effective manner. And we will do this with an uncompromising commitment to results that are achieved with integrity, efficiency and agility.”
“Regular way” trading of Engility’s shares on the New York Stock Exchange will begin July 18, 2012 under the symbol “EGL.”