ManTech to Acquire QinetiQ Security and Intelligence Solutions Unit
- Allows Company to Offer Full-Scope, Integrated Security Solutions
Headquartered in Fairfax, Va., with a major presence in Huntsville, Ala., S&IS provides integrated security solutions to the Department of Defense and the intelligence community. S&IS generates solid operating margins and expects to produce approximately $60 million in revenue in 2010. S&IS recently won a prime position on the Missile Defense Agency Engineering and Support Services (MiDAESS) contract (Functional Group 6), a five-year indefinite delivery/indefinite quantity contract with a ceiling of $365 million. The S&IS business will be integrated within ManTech's Mission, Cyber and Technology Solutions group, led by L. William Varner.
International Military and Civilian Unmanned Aerial Vehicle Survey
"This acquisition is consistent with ManTech's long-term strategy to continue extending our presence in the defense and intelligence markets," said ManTech Chairman and Chief Executive Officer George J. Pedersen. "The addition of S&IS's market-leading capabilities positions ManTech as a major integrated security provider, allowing us to offer comprehensive solutions for the full range of security threats - from physical through cyber. We see a solid pipeline of opportunities to provide full-scope security services to new and current ManTech customers."
"S&IS is a natural fit with ManTech," said Bill Torpey, senior vice president, Security and Intelligence Solutions, QinetiQ. "The MiDAESS contract encompasses the full range of integrated security solutions including cyber, allowing ManTech and S&IS to offer end-to-end, integrated security services under this contract. In addition, the acquisition provides expanded professional development opportunities for both S&IS and ManTech employees."
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : ManTech International Corp
May 13 - 14, 2015 - Washington, United States