Engility wins $24.6 Million Award to Support USAID Efforts to Promote Private Sector Investments in Rwanda Agriculture
Engility Holdings, Inc. (NYSE:EGL) today announced it has been awarded a $24.6 million contract to provide technical advisory services to the U.S. Agency for International Development (USAID) and the Rwandan government as the two work together to strengthen the agricultural sector in that country.
Specifically, Engility advisers will support Rwandan government agencies’ efforts to increase smallholder farmer incomes by promoting private sector investments from international and domestic sources. USAID defines a smallholder farmer in Rwanda as an individual who generally owns about three-quarters of a hectare, or less than two acres. The Rwandan government’s vision is to transform rural agriculture to a market oriented, competitive and high-value sector, with the ultimate goal of improving local food security and increasing incomes of smallholder producers.
“Engility has a strong track record of engaging the private sector in Africa to pursue innovative approaches that lead to increased investment, incomes and food security within rural communities and we appreciate USAID’s confidence in our work,” said Engility President and CEO Tony Smeraglinolo. “Our team of professionals in Rwanda looks forward to working with USAID, Rwandan government agencies and smallholder producers to strengthen the agricultural economy there.”
Engility has more than 20 years of experience in Rwanda, supporting work to improve natural resource management, ecotourism through improved biodiversity conservation, as well as rural roads development to support the U.S. Government’s Feed the Future initiative.
The contract represents new work and is a five-year, cost-plus-fixed-fee award.
ABOUT ENGILITY CORPORATION
Engility is a pure-play government services contractor providing highly skilled personnel wherever, whenever they are needed in a cost-effective manner. Headquartered in Chantilly, Virginia, Engility is a leading provider of specialized technical consulting, program and business support services, engineering and technology lifecycle support, information technology modernization and sustainment, supply chain services and logistics management, and training and education for the U.S. Government. To learn more about Engility, please visit www.engilitycorp.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Engility’s future prospects, projected financial results, estimated integration costs and acquisition related amortization expenses, and business plans. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are also used to identify these forward-looking statements. These statements are based on the current beliefs and expectations of Engility’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Engility’s actual results to differ materially from those described in the forward-looking statements can be found under the heading “Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2013, and more recent periodic reports, which have been filed with the Securities and Exchange Commission (SEC) and are available on the investor relations section of Engility’s website (http://www.engilitycorp.com) and on the SEC’s website (www.sec.gov). Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.
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