Who Owns Engility?

Engility was created in 2013 as a spin-off from L-3 Communications. L-3 Communications, a major defense contractor, divested its government services division to create an independent, publicly traded company focused on systems engineering and technical support for U.S. government agencies. Engility began trading on the New York Stock Exchange under the ticker EGL.

The company inherited significant contracts and relationships from L-3's legacy government services portfolio. Engility's core capabilities included systems design, development, modernization, integration, and sustainment for defense, intelligence, and federal civilian agencies. A large portion of its workforce held active security clearances, which is a competitive requirement in the government contracting market.

In its early years as an independent company, Engility expanded through acquisitions. In 2014, Engility acquired TASC, a provider of advanced systems engineering and analysis services to the intelligence community and Department of Defense, for approximately $550 million in cash and stock. This acquisition significantly expanded Engility's intelligence community footprint and added approximately 4,000 employees.

Engility also acquired Dynamics Research Corporation (DRC) in 2014 for approximately $98 million, adding IT and engineering services for federal civilian agencies. These acquisitions positioned Engility as a mid-tier government services contractor with capabilities across defense, intelligence, and civilian markets.

By 2018, Engility had annual revenue of approximately $2.3 billion and employed around 11,000 people. The company was ranked as the seventh-largest U.S. government services contractor by revenue. However, the government services market was consolidating, and Engility faced competitive pressure from larger competitors with broader capabilities and greater scale.

In September 2018, SAIC announced its intent to acquire Engility. The all-stock deal valued Engility at approximately $2.5 billion, or $40.22 per share based on SAIC's closing price at the time. SAIC and Engility stockholders approved the merger at special meetings on January 11, 2019. The merger closed on January 14, 2019.

After the acquisition, Engility's stock was delisted from the NYSE. The company ceased to exist as an independent reporting entity. Its contracts, personnel, and capabilities were absorbed into SAIC's operations. SAIC CEO Tony Moraco stated that the acquisition allowed SAIC to compete for larger classified contracts and expand its presence in the intelligence community.

As of 2025, Engility exists as a legacy brand within SAIC's portfolio. SAIC reported fiscal year 2025 (ended January 31, 2025) revenue of approximately $7.4 billion. The company reorganized into five customer-facing sectors in February 2024, integrating Engility's legacy defense and intelligence work into these new sectors. SAIC's fiscal year 2026 guidance projects revenue of $7.6 to $7.7 billion.