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Business/Financial

SAIC Closes $2.5 Billion Deal For Engility

By Cal Biesecker

Monday, January 14th, 2019

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SAIC Closes $2.5 Billion Deal For Engility

SAIC CEO Tony Moraco

After the close of the stock markets on Monday, Science Applications International Corp. [SAIC] said it has completed its $2.5 billion stock acquisition of Engility, creating a $6.5 billion company with 23,000 employees focused technology integration and services. SAIC CEO Tony Moraco said in statement that the company is “driven by mission, united by purpose and inspired by opportunity. Add to that five consecutive quarters of organic revenue growth for SAIC and the trend is clear, we’re thriving. We are…

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