S&P 600 SmallCap
31.07.2008 21:08:00
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ManTech Awarded $151M Information Technology Support Contract from the Naval Sea Systems Command
ManTech International Corporation (Nasdaq:MANT) announced that it has
been awarded a five-year, $151 million task order to provide information
technology support to the Naval Sea Systems Command (NAVSEA), SEA 04L3.
The performance-based task order was awarded under the NAVSEA Seaport
Enhanced contract.
ManTech will provide IT support to the Navy’s
legacy Ship Maintenance and Logistics Support Information Systems
Program to include the development of formal processes in life cycle
planning, documentation, program management, program control, testing,
training, and deployment. This task order will support the reengineering of NAVSEA IT corporate systems. The Navy will employ common system
standards, processes and development methodology, along with shared
resources and infrastructure, to improve function and reduce costs. Work
will be performed primarily at the Norfolk region with additional work
conducted at key locations across the United States.
"We are pleased to support the Navy’s
goal of increased functional benefits and cost savings through this
large scale streamlining and integration effort,”
said Robert A. Coleman, President and COO, ManTech International
Corporation. "Software development,
integration, and process improvement skills are some of our core
competencies and we look forward to providing these capabilities to
NAVSEA 04L to help them standardize their systems and processes.”
The work will be performed by ManTech Systems Engineering Corporation
(MSEC), a wholly owned subsidiary of ManTech headquartered in Lexington
Park, MD. MSEC is rated as Capability Maturity Model Integration
Maturity Level 3 for Software and Systems Engineering.
About ManTech International Corporation:
Headquartered in Fairfax, Virginia with more than 7,400 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, software
development, enterprise architecture, cyber security, information
assurance, intelligence operations and analysis support, network and
critical infrastructure protection, information operations and
information warfare support, information technology, communications
integration, logistics and supply chain management, and service oriented
architectures. 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 40 countries. In 2008, BusinessWeek magazine
chose ManTech for its 2008 ‘InfoTech 100’
listing representing the best performing tech companies in the world. 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.
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. 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.
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