ManTech Awarded $83 Million Warfare Analysis Contract from the Naval Air Systems Command
FAIRFAX, Va.--(BUSINESS WIRE)--March 27, 2008--ManTech International Corporation (Nasdaq:MANT) announced today that it has been awarded an $83 million contract from the Naval Air Systems Command to provide Engineering and Technical Support Services in support of the Naval Air Warfare Center, Aircraft Division Warfare Analysis Department, AIR 4.10. The contract is for one year, with four additional option years, giving the program a total potential value of $83.2 million. It is an increase in scope over ManTech's current Warfare Analysis contract with NAVAIR which was awarded in December 2004. The new contract also provides for an expansion of existing work for additional requirements.
The competitively awarded, indefinite-delivery, indefinite-quantity contract has a base year plus four option years. Under this contract, ManTech will support the U.S. Naval Air System Command with a variety of analytical products and services including warfare analysis and assessments, advanced concept development and design, acquisition analysis and support, modeling and simulation, Naval Aviation Enterprise Warfare Analysis Environment support, software development, and programmatic analysis support.
Work will be performed primarily at NAVAIR in Patuxent River, MD and Arlington, VA with some work conducted in the surrounding area and other locations in the United States.
"We are very proud of our team of experts assembled to provide the full spectrum of warfare analysis capabilities," said Kenneth J. Farquhar, President of ManTech Systems Engineering Corporation (MSEC). "The exceptional talent and comprehensive experience represented makes us a valuable industry partner as NAVAIR continues to support the acquisition and sustainment of naval systems across the Naval Aviation Enterprise."
MSEC is headquartered in Lexington Park, MD and is rated as Capability Maturity Model Integration Maturity Level 3 for Software and Systems Engineering. It is a wholly owned subsidiary of ManTech International Corporation.
About ManTech International Corporation:
Headquartered in Fairfax, Virginia with more than 7,300 professionals, ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the departments of Defense, State, Homeland Security and Justice; the Space Community and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases that track terrorists. The company operates in the United States and in more than 40 countries. In 2007, ManTech was named one of BusinessWeek.com's fastest growing tech companies; to Business 2.0 magazine's 100 Fastest Growing Technology Companies list for the second year in a row; to the Deloitte & Touche list of the 50 fastest growing technology companies in Virginia; and a GI Jobs magazine Top Ten Military Friendly Employer. 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. Words such as "may," "will," "intends," "should," "expects," "plans," "projects," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or "opportunity," or the negative of these terms or words of similar import are intended to identify forward-looking statements.
These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: adverse changes in U.S. government spending priorities; failure to retain existing U.S. government contracts, win new contracts, or win recompetes; adverse results of U.S. government audits of our government contracts; risks associated with complex U.S. government procurement laws and regulations; adverse effect of contract consolidation; risk of contract performance or termination; failure to obtain option awards, task orders or funding under contracts; adverse changes in our mix of contract types; failure to successfully integrate recently acquired companies or businesses into our operations or to realize any accretive or synergistic effects from such acquisitions; failure to identify, execute or effectively integrate future acquisitions; and competition. These and other risk factors are more fully discussed in the section entitled "Risks Factors" in ManTech's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 17, 2008, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission, including among others, its reports on Form 10-Q.
The forward-looking statements included in this news release are only made as of the date of this news release and ManTech undertakes no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.
CONTACT: ManTech International Corporation
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off: 703-218-8397; cell: 571-259-1169
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SOURCE: ManTech International Corporation