Engility reports lower sales, profit, while Aerojet reports gains

Engility said today sales in its most recent quarter reached $471 million, down about 3 percent from the same three-month period a year earlier.

The contractor's quarterly profit hit $4.3 million, down about 56 percent from the prior year.

Lynn Dugle, Engility's chief executive, said during a call with analysts today the company has virtually completely moved away from lowest-price, technically acceptable work. About 3 percent of the company's backlog is LPTA work, she said.

Meanwhile, Aerojet Rocketdyne said Tuesday sales in its most recent quarter reached $497 million, up about 3 percent from the same period the prior year.

The contractor said quarterly profit hit $65 million, up from $12.6 million a year earlier.

Aerojet said its sales boost was driven by "increased deliveries on the Standard Missile, Guided Multiple Launch Rocket System (GMLRS), Terminal High Altitude Area Defense (THAAD), and Patriot Advanced Capability-3 (PAC-3) programs."