Engility is a pure-play government services contractor providing highly skilled personnel wherever, whenever they are needed in a cost-effective manner. Headquartered in Chantilly, Virginia, Engility is a leading provider of specialized technical consulting, program and business support services, engineering and technology lifecycle support, information technology modernization and sustainment, supply chain services and logistics management, and training and education for the U.S. Government.
What is one thing you would like everyone to know about Engility?
Our business strategy is to be the long-term partner of choice for our customers' service needs. Our broad portfolio of service offerings extends from highly technical consulting and research to mission-focused professional services and subject matter experts. We are the partner of choice for many customers based on our strong record of past performance, which is driven by our ability to deploy our highly skilled workforce whenever and wherever they are needed. In the current challenging budget environment, we expect to differentiate ourselves by providing the expertise and experience required by our government customers in the most cost-effective manner.
Engility has been very successful aligning its business model with an industry that is faced with tight budgets and consolidation. Tell us about Engility's strategy and vision to offer a wide range of cost-effective government contracting services.
Immediately after our spinoff, we undertook major streamlining and cost reduction initiatives with the objective of providing our customers with the same outstanding service for which we are known, but now in a price-disruptive manner. We see many opportunities to drive organic growth into our business. We will continue to focus on winning business and taking market share in our core markets by providing our full lifecycle of services offerings to our current and adjacent customers. As part of a disciplined strategic approach to growing our business, we also will consider selectively pursuing merger and acquisition opportunities to gain access to new markets and/or customers, or to enhance our existing core business. We believe long-term success in today's consolidating federal services market will depend on a mix of organic growth and strategic acquisitions to derive the benefits of scale and a broader customer and contract base.
Bass, Berry & Sims was fortunate enough to assist your company on the acquisition of Dynamics Research Corporation (DRC) in January of 2014, a move to help your company support your customers through a wider range of specialized technology and mission expertise. As such, tell us how the acquisition has already started to show benefits for the company, including in terms of new customer wins or expansion, new expertise, etc.
We have taken great care since our merger began to ensure our legacy DRC colleagues have continued to support their customers' missions in a flawless manner. The DRC acquisition was an excellent strategic move that has expanded our addressable market, customer base and capabilities while increasing our access to key contract vehicles and adding scale to our business. We already have seen the results of this transaction in new business wins supporting the unmanned aerial systems in the U.S. Air Force and a payment management program in the U.S. Department of the Treasury. Additionally, Engility and legacy DRC engineers have already found new synergies and have teamed-up to support contracts from their respective companies. We are very pleased with the early progress and success we are having with the DRC acquisition, which we believe reflects the outstanding professionalism and dedication our employees have towards our customers' success.
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