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.