FAIRFAX, Va.--Aug. 26, 2004
Value of Five-Year, IDIQ Contract to ManTech Estimated to Be $10 Million
ManTech International Corporation (Nasdaq:MANT), a leading provider of innovative technologies and solutions focused on mission-critical national security programs for the Department of Defense, Intelligence Community, the Department of State, the Department of Justice, Department of Homeland Security, and other federal government customers announced today that is part of the winning team on the U.S. Army Strategic Command's Space and Missile Defense Initiatives Support II contract. The five-year, indefinite-delivery, indefinite-quantity (IDIQ) contract has a total ceiling of $229 million and ManTech's share is estimated at $10 million, over the life of the contract. The contract was awarded to a team led by Dynetics, Inc., Huntsville, Alabama.
ManTech's Space Systems organization will provide information operations, intelligence/security, and rapid response support for the warfighter.
"We have been supporting the Army Space and Missile Defense Battle Lab since 2000, and now look forward to similarly supporting Space and Missile Defense Command and Army Strategic Command with this new award," said Jay Kelley, President, ManTech Space Systems. "Under this contract we will provide day-to-day support to the Army Strategic Command, and Space and Missile Defense Command at Peterson AFB, Colo., and dedicated support to Army Space Support teams world-wide."
About ManTech International Corporation:
Headquartered in Fairfax, Virginia, ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Department of Defense, the Intelligence Community, the Department of State, the Department of Justice, the Department of Homeland Security and other U.S. federal government customers. The company's expertise includes 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; provides the physical and cyber security to protect U.S. embassies all over the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and is helping the Department of Justice's U.S. Marshall Service deploy a common, office automation system. With annual revenues in excess of $700 million and more than 5,300 highly qualified employees and several thousand consultants, the company operates in the United States and more than 30 countries worldwide. ManTech was selected by Business Week magazine as one of the Top 100 Hot Growth Companies for 2004. Also this year, VARBusiness magazine ranked ManTech as one of its Top 50 Fastest-Growing Solution Providers. 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, could be interpreted to be "forward-looking" statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those indicated by such forward-looking statement include, but are not limited to: the failure of the Government to allot funds to ManTech to complete performance of the contact; the risk of contract performance; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; and material changes in laws or regulations applicable to the company's businesses. For a discussion of these and other risks and uncertainties, please refer to the section titled "Risks Related to The Company's Business" in ManTech's annual report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2004, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission, including, among others, its reports on Form 8-K and 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.