ManTech International Corporation (NASDAQ:MANT) has been awarded a contract modification by the U.S. Army's TACOM Contracting Center to continue providing logistics sustainment and support for the U.S. Military's MRAP FoV. The award is valued at $100.8 million for the initial two month period of performance and includes eight additional one-month options valued at $406 million if all options are exercised, for a total award value of $506.8 million.
Under this contract ManTech provides rapid assessment and repair of battle-damaged MRAP FoV systems, immediate repair of mechanical failures, and technology insertion, system integration, upgrades, and modification services to enhance and sustain fleet operational readiness. Specific to the Route Clearance Vehicle fleet ManTech manages supply and transportation support to include performing demand analysis, warehouse operations, management and reporting of logistics data, and redistribution of material to right size the repair parts levels at each of the repair locations. Work is being performed in Afghanistan, Kuwait and at locations throughout the U.S. and OCONUS as required.
The U.S. Army TACOM Life Cycle Management Command, in partnership with the Army's Program Executive Offices, is one of the Army's largest weapon systems research, development and sustainment organizations. Its mission is to develop, acquire, field and sustain soldier and ground systems for the warfighter through the integration of effective and timely acquisition, logistics and cutting-edge technology.
"The MRAP FoV program is an important component of the Army's effort to protect its personnel," said Louis M. Addeo, president and chief operating officer of ManTech's Technical Services Group. "ManTech is honored to continue helping in this significant endeavor."
"We are proud to continue our support to the MRAP program," added Kevin C. Cody, business unit president of ManTech's Systems Sustainment and Integrated Logistics business unit. "We value the significance this program has to the safety of our nation's warfighters."
Date: Jan 12, 2012