Engility Acquiring DRC To Boost Military Business
Engility Corp. (EGL) is attempting to inject some fast growth into its business. The government service contractor on Monday said it would acquire Dynamics Research (DRCO) for $120 million, or $11.50 a share, a 59% premium from Dynamics’ Friday closing price of 7.25. Dynamics Research is an information technology service provider and management consultant that focuses on government areas such as health care, homeland security, intelligence and