Monday, September 10, 2018

SAIC Buys Engility For $2.5 Billion In Stock

SAIC, the defense technology integrator with major operations in San Diego, and fellow defense integrator Engility Holdings, based in Chantilly, Virginia, said today that SAIC is acquiring Engility for $2.5 billion in an all-stock transaction. The deal includes assumption of $900M in Engility's debt. The two said the merger will create the second largest independent technology integrator in government services, with $6.5 million of pro-forma 12 month revenues. SAIC's headquarters are in Reston, Virginia. The combined company will have more than 23,000 employees.