FBR Capital analyst Christopher Van Horn says he's a buyer of Engility Holdings following the recent pullback in the shares. The Trump administration's focus on military spending will benefit defense firms, while Engility's recent announcement that it is seeking to reprice two term loans could provide incremental accretion to annual cash earnings, Van Horn tells investors in a research note. He continues to believe that Engility provides investors with a "highly compelling story" in the government IT contracting space. The analyst reiterates an Outperform rating on the shares with aw $40 price target.