ManTech Awarded $110 Million for CDM Task Orders to Provide Cybersecurity Cloud Solutions and Combat Advanced Cyber Threats
HERNDON, Va., Aug. 10, 2016 (GLOBE NEWSWIRE) -- ManTech International Corporation (Nasdaq:MANT) has been awarded two task orders by the General Services Administration Federal Acquisition Service (GSA FAS) on behalf of the U.S. Department of Homeland Security (DHS) to provide cybersecurity and cloud solutions to combat cyber threats.
The first task order, known as Continuous Diagnostics and Mitigation (CDM) and Continuous Monitoring as a Service (CMaaS) for Group F Phases 1 and 2 Implementation, was awarded under the GSA Alliant Government-Wide Acquisition Contract (GWAC) vehicle. The value of the CDM CMaaS Group F task order is approximately $25 million, with a period of performance that includes 1 base year and 2 option years. As part of the CDM CMaaS Group F task order, ManTech will provide CDM services to multiple federal agencies, in addition to consolidated reporting to the Federal CDM Dashboard, leveraging a sophisticated cloud solution. Ultimately, ManTech will deliver a unique cybersecurity platform to bring CDM solutions to 44 agencies, providing the government with
unparalleled visibility into the security of federal networks.
The second task order, known as Privileged Access Management (PRIVMGMT), was awarded under the CDM CMaaS Blanket Purchase Agreement (BPA) and GSA IT Schedule 70 contract. The value of the PRIVMGMT task order is $85 million with a period of performance of 2 years. As part of PRIVMGMT, ManTech will support objectives for privileged access management driven by the 2015 Cyber Sprint and the White House's Cybersecurity Strategy and Implementation Plan (CSIP) to combat cyber threats. This task order provides a unique opportunity to implement advanced tools to manage privileged access to critical information across federal agencies directly defending against insider threats.
"Controlling access to critical information and establishing a secure
cloud environment is essential for protecting our federal agencies from insider and emerging threats," said L. William Varner, president of ManTech's Mission, Cyber & Intelligence Solutions (MCIS) Group. "ManTech has developed multiple cybersecurity measures over the years to combat these threats, and our team looks forward to supporting this important federal initiative."
About ManTech International Corporation
ManTech provides innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the Departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice,
including the Federal Bureau of Investigation (FBI); the space community; and other U.S. government customers. We support important national missions by providing services to approximately 50 federal government agencies under approximately 1,000 current contracts. ManTech's expertise includes cybersecurity; software and systems development; enterprise information technology; multi-discipline intelligence; program protection and mission assurance; systems engineering; test and evaluation (T&E); command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); training; supply chain management and logistics; and management consulting. Additional information on ManTech can be found at www.mantech.com.
Statements and assumptions made in this press release, which do not address historical facts, constitute "forward-looking" statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. These forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes we anticipate. Factors that could cause actual results to differ materially from the results
we anticipate include, but are not limited to, the following: failure to obtain option awards, task orders, or funding under contracts; failure to realize the full amount of our backlog, or adverse changes in the timing of receipt of revenues under contracts included in backlog; or renegotiation, modification, or termination of our contracts, or failure to perform in conformity with contract terms or our expectations. These and other risk factors are more fully discussed in the section entitled "Risk Factors" in ManTech's Annual Report on Form 10-K, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission.
ManTech International Corporation
Lynn Davis, 703-259-3636
Source: ManTech International Corporation
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