Engility names new CEO

Engility said today its board has appointed former Raytheon executive Lynn Dugle to lead the company, beginning March 21. John Hynes, the contractor's chief operating officer, has been promoted to president and COO.

Dugle replaces Tony Smeraglinolo, who the company said is stepping down.

Dugle spent more than a decade in senior management roles at Raytheon, including serving as president of Raytheon Intelligence, Information and Services, Engility said. Hynes was CEO of TASC when it was purchased by Engility.

The company did not offer an explanation for Smeraglinolo's departure, but said he would step down from the board immediately. Engility has faced questions about its financial results. Last November, it reported profit of $3.4 million for the nine-month period ending Sept. 30, 2015, down nearly $30 million from the same period a year earlier.