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SAIC To Acquire Engility To Increase Scale, Diversify

Cal Biesecker By
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SAIC To Acquire Engility To Increase Scale, Diversify
SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] Monday morning said it has agreed to acquire fellow government technology services provider Engility Holdings [EGL] in a $2.5 billion stock deal that gives it more scale and complementary capabilities and customer sets, including expansion in the intelligence area and military space market.SAIC said that once the deal closes, which is expected during the company’s fourth quarter that begins in November, it will have about $6.5 billion in annual sales, making it the second largest…

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