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.
â€œThis 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,â€ he said of the transaction.
â€œExpanding our portfolio with an acquisition allows us to get to that critical mass quicker.â€
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.