Fairfax County, Virginia USA, Thursday, April 26, 2012 -
Governor Bob McDonnell announced today that Engility Holdings, Inc., a new company to be publicly traded, and subsidiary L-3 Services, Inc. (to be renamed Engility Corporation) will invest $6.5 million to locate its corporate headquarters in Fairfax County, after its spin-off from L-3 Communications Corporation. Engility Corporation is a leader in systems engineering and technical assistance, training and operational support services for the Department of Defense and other U.S. government agencies, as well as civil and international customers. Virginia successfully competed against Maryland for the project, which will create 50 new jobs in addition to more than 300 personnel currently based in Fairfax County.
Engility’s headquarters will be in office space currently occupied by L-3 Communications in the Chantilly area of Fairfax County. The spin-off company will employ 9,200 worldwide.
“Engility is a great fit for Fairfax County,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA). “The company will be able to take advantage of the highly skilled workforce and market opportunities that will help it grow and succeed here, and the county gains another high-quality employer that burnishes its reputation as a headquarters location.”
“Engility has had a long-standing presence in both Fairfax County and Chantilly through our legacy companies,” said Tony Smeraglinolo, Executive Vice President of L-3 Services, Inc. who will be appointed Engility’s chief executive officer upon completion of the spin-off. “Locating our headquarters within this vital community will create opportunities for mutually beneficial growth.”
The FCEDA worked with the Virginia Economic Development Partnership to secure the project for Virginia. Governor McDonnell approved a $350,000 grant from the Governor’s Opportunity Fund to assist Fairfax County with the project. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities.
Time magazine called Fairfax County, “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.
The award-winning Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in seven important global business centers: Bangalore, Boston, Munich, London, Los Angeles, Seoul and Tel Aviv. Follow @FairfaxEBird for FCEDA and Fairfax County business news.
# # #