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ManTech Wins Estimated $114M U.S. Army Contract to Support Counter Radio-controlled Improvised Explosive Devices in Southwest Asia - Part of the Warlock Program

FAIRFAX, Va.--(BUSINESS WIRE)--March 24, 2006--

ManTech will support systems that detect and prevent explosive devices used against U.S. troops

ManTech International Corporation (Nasdaq:MANT), a leading provider of innovative technologies and solutions focused on 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 announced today that it has received a task order to support the Product Director for Counter Radio-controlled Improvised Explosive Devices (CREW). The CREW systems, part of the Warlock Program, will support DOD forces deployed to Operation Enduring Freedom and Operation Iraqi Freedom in the Southwest Asia region. This assignment was given to ManTech in its role as a subcontractor to CSC under the Army Communications-Electronic Life Cycle Command Management Rapid Response Contract. The competitively awarded task order, which has a base-year, and one option-year, has an approximate value to ManTech of $114 million over two years with potential expansion to occur based on customer requirements. ManTech anticipates that support under this task order will incorporate services from existing contracts as well as additional support to new and existing customers.

ManTech will provide a substantial level of the services ordered under the task order in support of the readiness directorate field service support division to include deployed rapid response logistics and repairs management for unique and specialized systems, logistics and inventory management and structural facility enhancement.

"ManTech supports the U.S. Army's communications, electronics and logistics community under numerous contractual vehicles. Our longstanding reputation and proven track record of dedicated support to their readiness missions throughout the world and the embedded alignment of our personnel with those we support was the reason for this win," said Eugene C. Renzi, ManTech Senior Executive Vice President, and President of the ManTech Defense Systems Group. "It is a trust and reliance which we hold sacred."

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 Intelligence Community; and 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; 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 builds and maintains secure databases that track terrorists. With over 6,000 highly qualified employees, the company operates in the United States and more than 40 countries worldwide. In 2005, Red Herring magazine selected ManTech as one of its Small Cap 100 Companies. Additional information on ManTech can be found at www.mantech.com.

Forward-Looking Information:

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. Such forward-looking statements are subject to factors that could cause actual results to differ materially from those anticipated results. These factors include but are not limited to: the failure of the government to allot funds to ManTech to complete performance of the contact or exercise contract options; 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. These and other risk factors are more fully discussed in the section entitled "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 10, 2006, 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 and Form 8-K. 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, Fairfax
Mark Root, 703-218-8397
cell: 703-407-9393
mark.root@mantech.com
or
Joseph Cormier, 703-218-8258
joe.cormier@mantech.com

SOURCE: ManTech International Corporation

 

 

 


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MANT (Common)
ExchangeNASDAQ GS (US Dollar)
Price$45.16
Change (%) Stock is Up 0.19 (0.42%)
Volume189,257
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