in ,

Tony Moraco: Engility Purchase Allows SAIC to Pursue Larger-Scale Contracts in Space, Intell Markets

Tony Moraco: Engility Purchase Allows SAIC to Pursue Larger-Scale Contracts in Space, Intell Markets - top government contractors - best government contracting event

Tony Moraco: Engility Purchase Allows SAIC to Pursue Larger-Scale Contracts in Space, Intell Markets - top government contractors - best government contracting event

Tony Moraco, CEO of Science Applications International Corp., told The Washington Post in an interview published Sunday the added scale brought by the $2.5B acquisition of Engility allows SAIC to go after larger business opportunities and new markets in the federal government.

“This allows us within this market to pursue and deliver on larger-scale contracts, predominantly in the space and intelligence markets, as well as mission assurance and spaceflight,“ he said of the transaction.

“Expanding our portfolio with an acquisition allows us to get to that critical mass quicker.“

SAIC closed its purchase of Engility on Jan. 14, which came four months after both companies initially announced the deal.

Moraco, a 2019 Wash100 winner, noted that SAIC has raised its investment spending by 40 percent and plans to spend more on its research-and-development efforts.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about M&A Activity

ULA Completes NROL-71 Payload Launch - top government contractors - best government contracting event

ULA Completes NROL-71 Payload Launch

Booz Allen to Build Cloud Platform for VA Mobile Apps - top government contractors - best government contracting event

Booz Allen to Build Cloud Platform for VA Mobile Apps