Tony Moraco, CEO of Science Application International Corp., has said he believes SAIC“™s strategies and pipelines “are very much aligned“ with that of Engility and that bodes well for the combined company once it competes for new business upon the deal“™s completion, the Washington Business Journal reported Wednesday.
SAIC agreed to acquire Engility in September in an all-stock transaction valued at $2.5B in a push to expand its footprint in the space and intelligence sectors.
“We believe that in this case our strategies are very much aligned in a lot of areas, that our pipelines are consistent and compatible, that the account teams are focused in general on similar areas,“ he said in an interview Tuesday at the Association of the United States Army“™s annual conference in Washington, D.C.
“So we think we can actually better refine what we“™ll submit as a joint company on a higher probability of win in the areas where we think we can be the strongest and actually get to market faster than as a standalone,“ he added.
Moraco noted that he expects the transaction to conclude by the end of January.