NEW YORK, July 10, 2012 /PRNewswire/ -- Engility Holdings Inc. (NYSE:EGLwi) will replace Savient Pharmaceuticals, Inc. (NASD:SVNT) in the S&P SmallCap 600 index after the close of trading on Tuesday, July 17. S&P 500 constituent L-3 Communications Holdings, Inc. (NYSE:LLL) is spinning off Engility to shareholders in a deal expected to be completed on or about that date pending final approvals. L-3 Communications will remain in the S&P 500 index following the spin-off. Savient Pharmaceuticals has a market cap below $40 million and is no longer representative of the small cap market space.

Engility is a provider of systems engineering services, training, program management, and operational support for the U.S. Government. Headquartered in Billerica, MA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Aerospace & Defense Sub-Industry index.

Following is a summary of the change:

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