Engility reports flat revenue

Engility today said sales in 2016 were just shy of $2.1 billion, essentially flat compared to 2015.

The company reported a loss for the year of nearly $11 million, far less than the $235 million Engility lost in 2015.

Lynn Dugle, Engility's chief executive, said during a morning call with analysts the company is likely insulated from anticipated declines in government spending.

"As far as the downside of a new administration, we're quite fortunate in the areas that the administration has targeted for cuts, things like IRS, perhaps the Department of Education . . . the [Environmental Protection Agency]," she said. "We took a run across all of those agencies, and less than 1 percent of our revenue are with those agencies."

Dugle also said Engility is seeing a large number of protests. In 2016, she told analysts, every "takeaway" program -- or program that previously was held by another company -- that Engility won was protested.

"We certainly anticipated some being protested, but not all," she said. "That, of course, is one year and somewhat anecdotal, but . . . as far as we look at 2017, we will now assume that anything that is a takeaway will be protested."

For more on Engility's reshaping, read Inside Defense's latest story on the company.