ManTech Int'l Completes Acquisition Of Allied Technology Group

(RTTNews) - ManTech International Corp. (MANT) said it has completed the acquisition of Allied Technology Group, Inc., a privately held company providing IT, engineering services, program management, and training solutions to a variety of federal customers.

Giving a brief description on Allied Technology Group, the company said it is an innovative engineering and information management solutions company with strong customer relationships and strategic contracts with the Department of Homeland Security or DHS.

The acquisition will enable ManTech to deliver services through Allied Technology's unrestricted prime positions on two DHS primary acquisition vehicles: the Technical, Acquisition, and Business Support Services or TABSS and the Enterprise Acquisition Gateway for Leading Edge Solutions II or EAGLE II.

ManTech said it will fund the acquisition from cash on hand and expects Allied Technology to contribute solid growth and operating margins and be accretive to ManTech's earnings per share in 2014.