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In The news
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Date/Source | Information |
November 16, 2007
Washington Business Journal | ManTech International agrees to pay $76.5M for McDonald Bradley
ManTech International Corp. has agreed to acquire government contractor McDonald Bradley Inc. for $76.5 million in cash.
Fairfax-based ManTech said the acquisition will help the company expand into intelligence community and homeland security markets. McDonald Bradley, based in Herndon, employs 270 people and expects $50 million in 2007 revenue.
It is also one of 25 contractors that have the opportunity to provide IT consulting to the Enterprise Acquisition Gateway for Leading Edge Solutions (EAGLE) program under the Department of Homeland Security.
The EAGLE program extends to the 22 agencies that make up DHS and may reach up to $45 billion in five years.
McDonald Bradley is also developing the first digital system of maps of the ocean for the National Oceanic and Atmospheric Administration. The company won a new contract in October worth up to $9.7 million to implement the technology.
The acquisition is expected to be completed by the end of the year.
ManTech (NASDAQ: MANT) also acquired Newport Beach, Calif.-based SRS Technologies in May for $195 million in cash.
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November 16, 2007
Washington Technology | ManTech to buy McDonald Bradley
ManTech International Corp. will acquire McDonald Bradley Inc., a prime contractor on the Homeland Security Department’s EAGLE contract, for $76.5 million in an all-cash deal.
McDonald Bradley’s work focuses on the Defense and Homeland Security departments and the U.S. intelligence agencies. The company provides secure information sharing and information technology solutions.
DOD, DHS and intelligence markets account for more than 60 percent of the company’s revenue, and the Defense Intelligence Agency is its largest customer, company officials said.
EAGLE stands for Enterprise Acquisition Gateway for Leading Edge Solutions. McDonald Bradley is one of the 25 prime contractors on the project. Another 28 small businesses also are qualified to receive tasks under the contract. The seven-year, $42 billion indefinite-delivery, indefinite-quantity contract is structured so that companies compete against one another for individual task orders.
Privately held McDonald Bradley is based in Herndon, Va. The company provides service-oriented architectures, data interoperability and information assurance services.
“McDonald Bradley is in line with our [merger and acquisition] strategy and deepens our capabilities in the high-end defense, intelligence and homeland security markets and expands our presence into new markets,” said George Pedersen, ManTech’s chairman and chief executive officer.
“McDonald Bradley brings us a prime position on the DHS EAGLE contract and other new customers, which is consistent with our strategic plan to broaden our business base into new agencies,” said Robert Coleman, president and chief operating officer at ManTech.
ManTech expects to close the acquisition by the end of the year.
ManTech recently closed its $170 million cash and credit acquisition of SRS Technologies Inc. That acquisition was designed to broaden the ManTech’s footprint in the high-end intelligence, homeland security and defense markets.
ManTech, of Fairfax, Va., ranks No. 31 on Washington Technology’s 2007 Top 100 list of the largest federal government prime contractors. |
November 16, 2007
Potomac TechWire | Fairfax-Based ManTech to Acquire Herndon-Based McDonald Bradley
Fairfax, Va. -- ManTech International, a Fairfax-based developer of technology for national security programs, said on Friday that it will pay $76.5 million in cash to acquire Herndon-based McDonald Bradley Inc., a provider of information sharing and IT services to defense, intelligence and homeland security clients. George Pedersen, ManTech's chairman and CEO, said that the acquisition "deepens our capabilities in the high-end defense, intelligence and homeland security markets and expands our presence into new markets." McDonald Bradley, which expects to generate more than $50 million in revenue this year, counts the Defense Intelligence Agency (DIA) as its largest customer and is a prime contractor on the Department of Homeland Security's EAGLE contract. Two-thirds of the company's 270 employees hold security clearances. "ManTech's large public company status will offer expanded professional development opportunities while its deep resources will make it easier to expand our role with customers," said Ken Bartee, the president and CEO of McDonald Bradley. The deal is expected to close by the end of this year.
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November 16, 2007
Tech Journal South | Virginia’s ManTech buying McDonald Bradley for $76.5M
FAIRFAX, VA—ManTech International Corp. (Nasdaq:MANT) has signed a definitive agreement to acquire McDonald Bradley Inc. (MBI) for $76.5 million in cash.
MBI is a secure information sharing and IT solutions provider to the federal government with a focus on the Department of Defense (DOD), Intelligence Community and Homeland Security markets.
Over 60 percent of the company’s revenue is derived from DOD, Intelligence and Homeland Security markets with the Defense Intelligence Agency (DIA) as their largest customer. Two-thirds of MBI’s 270 employees hold security clearances with 45 percent holding Top Secret level or above clearances.
The transaction is expected to be accretive to ManTech's earnings per share in 2008.
Headquartered in Herndon, VA and founded in 1985, MBI is a privately-held company and leading provider of high-end, mission-critical, technology-differentiated solutions primarily in the areas of Service Oriented Architectures, data interoperability and information assurance. The company is a prime contractor on the Department of Homeland Security’s (DHS) EAGLE contract and expects to deliver over $50 million in revenue in 2007.
Headquartered in Fairfax, Virginia with approximately 7,000 professionals, ManTech International sells 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.
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November 16, 2007
DOW JONES NEWSWIRES | ManTech To Acquire McDonald Bradley, Inc., A Secure Info Sharing And IT Solutions Provider
ManTech International Corp. (MANT), a Fairfax, Va., information-technology company, agreed to buy McDonald Bradley Inc., a Herndon, Va., privately held information-technology provider to the federal government, for $76.5 million in cash.
ManTech said the transaction is expected to add to earnings in 2008.
The acquisition deepens ManTech's capabilities in defense, intelligence and homeland security markets and expands its presence in new markets, said the company.
Shares of ManTec recently traded up 6 cents, or 0.2%, at $39.35.
-Shirleen Dorman; 201-938-5400;
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November 16, 2007
Reuters News | ManTech International to buy IT solutions provider for $76.5 mln
Nov 16 (Reuters) - Defense technology company ManTech International Corp said it agreed to acquire privately held McDonald Bradley Inc, a secure information sharing and IT solutions provider, for $76.5 million in cash. The company said the deal, which is expected to close by the end of 2007, will add to its earnings per share in 2008. |
June 6-8, 2007
The Washington Examiner | Nine area firms considered among fastest-growing tech companies
Three businesses from Virginia and six from Maryland made Business 2.0 magazine’s list of fastest-growing tech companies for 2007.
Companies recognized this year came from a variety of industries including information technology, biotechnology, federal contracting, aerospace and energy. The list, which features 100 companies, is compiled annually; in 2006, three Virginia firms and one Maryland company were named.
The highest-ranked company in Maryland was 26th-ranked Digene of Gaithersburg, a vaccine company sold this week to Dutch firm Qiagen NV. Also on the list were Bethesda-based USEC (42), Bethesda-based CoStar Group (48), Integral Systems of Lanham (62), Lockheed Martin of Bethesda (84), and Columbia-based Micros Systems (85).
Micros Systems was the only company in Maryland to make the list again; the company designs technology solutions for the retail and hospitality industries.
Vice President of Marketing Louise Casamento said the firm’s biggest areas for growth have been in the fast food industries and independent hotel markets. Recent acquisitions, such as their purchase of the U.K. company RedSky IT in January, have helped the company penetrate existing markets, such as economy hotels, more deeply, Casamento said.
In Virginia, the list recognized ManTech International of Fairfax (45), Dulles-based Orbital Sciences (70) and Fairfax-based Argon ST (81).
“We’re delighted to have moved up in the rankings,” ManTech spokesman Mark Root said; the company ranked 64 in 2006. ManTech has excelled because it focuses on some of the fastest growing segments in the federal market, including high-end defense work and intelligence technology, Root said.
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June 2007
Business 2.0 Magazine
| 100 Fastest Growing Tech Companies for 2007
Our rankings show another banner year for the leaders of the tech revival.
ManTech International
Rank: 45 (Previous rank: 64)
Get quote: MANT
Employees: 5,600
Headquarters: Fairfax, VA
Sector(s): Business Services, Military
Why it's hot:
Last year ManTech won more than $100 million in contracts to design systems that can detect explosive devices in war zones like Afghanistan and Iraq.
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2006
($ millions) |
% growth
(3-year annualized) |
Growth rank |
| Revenue |
1,137.2 |
19.1 |
71 |
| Earnings |
50.7 |
16.7 |
91 |
| Operating cash flow |
84.3 |
118.6 |
12 |
| |
% change |
| Stock return (2006) |
32 |
| |
% change |
| Headcount change (2006) |
-6.7 |
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May 14, 2007
Washington Post | ManTech Ranked 29th in Washington Post (overall) Top 200 Listing
ManTech International Corp.
12015 Lee Jackson Hwy.
Fairfax, Va. 22033
Year founded: 1968
Industry: Aerospace/Defense
Post 200 category:Top 125 Companies
Revenue: $1.1 billion
Net income/loss: $50.7 million
Earnings per share: $1.49
Dividend: Not available
Stockholder equity: $459.0 million
Auditor: Deloitte & Touche LLP
Stock: MANT
Assets: $613.3 million
Market capitalization: $1.1 billion
52-week high: $38.75
52-week low: $25.75
Employees: 5,600 (3,000 local)
Description: ManTech International Corp. is an information technology company that does most of its work for the military, intelligence and homeland security agencies.
Developments: It was another solid year for ManTech. Revenue rose 16 percent, to $1.14 billion. Profit increased 15 percent. The vast majority of ManTech's revenue - 95 percent - comes from contracts with the Defense and Homeland Security departments and U.S. intelligence agencies, the company says. ManTech has continued to rack up such contracts. In February, it announced that it had won a five-year, $80 million contract to help manage replacement parts and computer systems on Army tanks, and a seven-year, $89 million anti-terrorism contract with the Defense Department. A month earlier, it was awarded a $49 million Navy contract to research and test sonar systems. The company said it was awarded more than $200 million in classified contracts last year. And it won a $725 million subcontract in September to support the Army's command and intelligence centers around the globe. In a conference call with analysts in February, chief executive George J. Pedersen said the company was "well positioned to continue our double-digit growth into 2007." That same month, the company announced it had sold off one of its troubled subsidiaries to Pedersen for $3 million. The subsidiary, MSM Security Services, conducts background checks on applicants for federal security clearances. ManTech had high hopes for the company when it bought MSM for $4.6 million in 2003. But MSM has lost money for the past three years, and ManTech had been unable to sell it until February. © 2007 The Washington Post Company
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May 14, 2007
Washington Post | The Post 200 -- Industry Breakouts - ManTech in top 5 list of most valuable public, local, aerospace companies
Aerospace & Defense
The big got bigger in 2006. Bethesda's Lockheed Martin snapped up a couple local companies and bought a West Coast company specializing in peacekeeping and nation-building missions. General Dynamics of Falls Church wrapped up a deal to buy government technology contractor Anteon International Corp. as well as one for an ammunition maker in Quebec. Fall Church's DynCorp went public and quickly made plans for expanding into homeland security and new markets outside Iraq and Afghanistan, where it already is one of the largest U.S. contractors. Despite the moves, many contractors braced for a slowdown in the rate of growth in defense work. Arlington's CACI, a government technology contractor, attributed the deceleration to the change of control in Congress last November and increased competition, among other factors.

Click here to view all aerospace and defense firms in the Post 200.
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Nov. 27, 2006
Washington Technology | Amit Yoran - Survival Guide: Perspectives from the field
Amit Yoran, CEO, NetWitness
Amit Yoran has a good track record with startup companies. He helped found IT security company RipTech Inc. in 1998, building it up and selling it in 2002 to Symantec Corp. for $145 million.
Yoran, the Homeland Security Department’s director of national cybersecurity in 2003 and 2004, is jumping back into the startup world; he was named CEO of NetWitness Corp. of Herndon, Va., Nov. 14. NetWitness is a spinoff of ManTech International Corp., which developed the underlying network forensics analysis technology in 1998. The company’s technology is used for incident response and policy and regulatory compliance.
Fairfax, Va.-based ManTech completed the spinoff Oct. 31 and retains a small ownership stake in the company, which has about 20 employees and less than $10 million in revenue.
For Yoran, who in 2006 was CEO of In-Q-Tel, the Central Intelligence Agency’s venture capital group, NetWitness is a chance to use what he learned at DHS to market a new product and to develop a risk-taking business culture. Yoran spoke recently with staff writer Ethan Butterfield about the challenges and opportunities of leading a startup.
WT: What is it about a startup that you find attractive? Yoran: You have the ability to have a dramatic impact. Ultimately, while many factors are beyond your control, your success or failure, and the startup’s success or failure, translates into your ability to execute or not. Oftentimes in large organizations, they’re en route, they’re in motion, and their ability to implement dramatic change is limited. And they’re also more conservative and have a more difficult time seizing an opportunity.
WT: What are the biggest challenges for a startup? Yoran: You’re dealing with a certain amount of technology risk, either unproven technologies or technologies that have not scaled yet. There’s an execution risk: Is the management team strong enough? Do they have the experience, the drive and the competency to execute, to seize the opportunity?
With startups, you get different levels of experience and different levels of competency.
And then there is a business risk, everything from financing to other business dynamics. Are customers and the market suited toward working with start-ups on the type of solution that you’re offering?
WT: Why is this a good time to launch NetWitness? Yoran: NetWitness is operating in a very interesting intersection, and that is in looking at the security of organizations and the security of information, not only from a hacking perspective but also from an insider threat perspective. What are folks doing? And how does that violate corporate policy or regulatory compliance requirements?
WT: How will the company approach the market? Yoran: We’re very much inclined to work through value-added partners, whether they are other security companies or systems integrators. We feel our [company] is a piece of an overall infrastructure.
WT: What do you see as the benefit to ManTech of spinning off NetWitness? Yoran: While [ManTech] is great at delivering high quality services, and in some instances at developing technology, it doesn’t have a tremendous amount of experience in bringing new technologies to market, packaging them and understanding where the market is going. Nor does it have experience on how to bring this new technology to address the market need, the market demand. That’s where opportunity exists for NetWitness.
WT: A year from now, what will be the signs that the company is a success? Yoran: That we’ve significantly expanded the customer base, that we’ve dramatically increased revenue, and that we have elevated to a position of prominence in the field from a brand perspective.
WT: What insights into the government market did you learn at DHS? Yoran: Homeland Security has a specific function: helping coordinate cyberincident response among different federal departments and agencies. They have a very regular - and in some cases, a very deep - interaction with many of those agencies. It was a great vantage point for understanding where people are headed, where they saw challenges and what types of problems we might be able to help them solve.
WT: What do you see as the department’s biggest challenges? Yoran: Bureaucracy. The size of the organization, the way it was created, the bureaucratic challenge is not trivial. The second is in mission specificity and targeting. By some definitions, Homeland Security’s mission is so broad, so all-encompassing, even with however many tens of thousands of employees it has, they would be grossly under-resourced to accomplish the mission.
By Ethan Butterfield |
Nov. 28, 2006
The Washington Times
| ManTech focuses on more growth
ManTech International Corp.'s recent quarterly results reveal it is in a "sweet spot" of government contracting, a top executive said.
Robert A. Coleman, Fairfax-based ManTech's president and chief operating officer, said the company's $2.71 billion in work pending -- up 41 percent over last year -- proves that ManTech's strategy of focusing on mission-support services for the intelligence community is paying off.
"Look at us as an intelligence company," said Mr. Coleman. "That is a mission and a need that the U.S. government will have [for] many years to come."
Mr. Coleman said the company's emphasis on day-to-day intelligence support services, such as developing new software or providing analytical services, sets it apart from other contractors. Only about 200 of the company's 5,800 employees are directly supporting military operations in Iraq and Afghanistan, he said.
Earlier this month, ManTech reported third-quarter revenue of $283.7 million, below company guidance of $290 million to $300 million and Wall Street's prediction of $295.9 million. Analysts said the shortfall -- credited to contract reductions and low equipment sales -- isn't cause for major concern.
"It wasn't a big miss," said Erik Olbeter, an analyst with Stanford Washington Research Group in the District, which doesn't own shares or do banking with the company. "It's not to say it was inconsequential, but the market was OK with slight problems like that."
One of the company's more impressive statistics for the quarter was record contract bookings of $985 million.
"That was a huge number," Mr. Olbeter said. However, only about one-fifth of that amount came from new work opportunities as opposed to recompetitions of previously won contracts. "When you pare it down a little bit more, we saw a little bit of weakness."
The company reported organic revenue growth -- excluding mergers and acquisitions -- of 8.1 percent.
While ManTech should continue focusing on organic growth, with no debt and $47 million in cash, the company has enough buying power to pounce on attractive acquisition targets, Mr. Olbeter said.
"That's one way certainly to get things moving," he said.
Mr. Coleman said the company is primarily concerned with organic growth, "But part of our strategy is to enhance that growth through strategic acquisition."
On Oct. 5, after the Sept. 30 end to the third quarter, the company completed a takeover of GRS Solutions Inc., a Falls Church intelligence contractor with $10 million in annual sales.
"The acquisition enhances ManTech's access to high-growth areas in the intelligence market," William R. Loomis, an analyst with Stifel Nicolaus & Co., wrote in a recent research note.
More than 90 percent of GRS employees hold high-level government clearances, which is an obvious asset considering the time and difficulty involved in obtaining the necessary approvals for work on classified projects.
The company's fourth-quarter and full-year financial results will include the GRS acquisition.Shares of ManTech closed down 43 cents on the Nasdaq Stock Market yesterday at $35.48.
By Kara Rowland
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Nov. 10, 2006
GISuser.com | ManTech Awarded Contract From DHS to Use Geospatial Mapping to Help Prepare and Respond to Natural and Man-made Disasters Will Demonstrate iCAV at GEOINT Conference, November 13-16, Orlando, FL
FAIRFAX, VA - November 10, 2006 - 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 been awarded a contract from the Department of Homeland Security’s (DHS) Preparedness Directorate for iCAV Application Management Services.
iCAV is a geospatial-intelligence analytic tool that allows DHS and its mission partners to better prepare, prevent, respond and recover from natural and man-made disasters. It unites Homeland Security mission partners through an integrated geographic information system Services Oriented Architecture (SOA) for web-based dissemination, analysis and visualization. Through iCAV, DHS connects previously stove-piped systems providing consistent, mission-specific common operating pictures across organizational boundaries. It is fully supportive of, and a good example of, DHS’ movement to an Enterprise Architecture approach.
ManTech will design, customize and integrate iCAV into a geospatial information infrastructure using a SOA methodology. ManTech will add mission specific, near real-time situational and strategic awareness supporting man-made and natural disaster events, such as tracking hurricanes and the infrastructures they threaten. The SOA-based approach will produce an interoperable modular platform that allows for quick incorporation of multiple data sources, as well as a secure, easily accessible system that can support information sharing with DHS partners at the federal, state and local levels. As part of this effort, ManTech will provide continued iCAV application development and data integration services; operations, maintenance and deployment support; and configuration management services.
The DHS Preparedness Directorate works with state, local, and private sector partners to identify threats, determine vulnerabilities, and target resources where risk is greatest. Through grants and training on both national and local levels, the directorate fosters a layered system of protective measures to safeguard U.S. borders, seaports, bridges and highways, and critical information systems.
"ManTech is excited to support iCAV at DHS, where we also successfully support the DHS Homeland Security Information Network. iCAV fills an important role in providing geospatial capabilities to the Preparedness Directorate and other DHS components, and it can become an integral part of DHS’ ability to share important information with its federal and state partners," said Joseph R. Fox, President of ManTech Information Systems and Technology.
ManTech will demonstrate iCAV at the U.S. Geospatial Intelligence Foundation GEOINT Symposium, November 13 -16, 2006, Orlando, Florida - booth #910. |
Nov. 12, 2006
GeoSpatial Solutions.com
| ManTech Awarded Disaster-Mapping Contract From DHS
ManTech International Corporation has been awarded a contract from the Department of Homeland Security's (DHS) Preparedness Directorate for iCAV Application Management Services.
iCAV is a geospatial-intelligence analytic tool that allows DHS and its mission partners to better prepare for, prevent, respond to, and recover from natural and manmade disasters. It unites homeland security mission partners through an integrated geographic information system Services Oriented Architecture (SOA) for Web-based dissemination, analysis, and visualization. Through iCAV, DHS connects previously stove-piped systems to provide consistent, mission-specific common operating pictures across organizational boundaries.
ManTech will design, customize, and integrate iCAV into a geospatial information infrastructure using a SOA methodology. ManTech will add mission-specific, near real-time situational and strategic awareness supporting manmade and natural disaster events, such as tracking hurricanes and the infrastructures they threaten. The SOA-based approach will produce an interoperable modular platform that allows for quick incorporation of multiple data sources, as well as a secure, easily accessible system that can support information sharing with DHS partners at the federal, state, and local levels. As part of this effort, ManTech will provide continued iCAV application development and data integration services; operations, maintenance, and deployment support; and configuration management services.
The DHS Preparedness Directorate works with state, local, and private-sector partners to identify threats, determine vulnerabilities, and target resources where risk is greatest. Through grants and training on both national and local levels, the directorate fosters a layered system of protective measures to safeguard U.S. borders, seaports, bridges and highways, and critical information systems.
"ManTech is excited to support iCAV at DHS, where we also successfully support the DHS Homeland Security Information Network. iCAV fills an important role in providing geospatial capabilities to the Preparedness Directorate and other DHS components, and it can become an integral part of DHS' ability to share important information with its federal and state partners," said Joseph R. Fox, president of ManTech Information Systems and Technology.
ManTech will demonstrate iCAV at the U.S. Geospatial Intelligence Foundation's GEOINT Symposium, which is scheduled for November 13 to 16 in Orlando, Florida. |
Nov.14, 2006
Fairfax County Economic Development Newsletter | Service with a smile: Fairfax-based IT integrator ManTech International will use service-oriented architecture (SOA) to build an interoperable platform so that the Homeland Security Department, state and local government agencies, and private-sector organizations can share geospatial information and respond better to natural and manmade disasters. The contract's value was not revealed, notes Brian Robinson of Federal Computer Week. That's at http://tinyurl.com/yy7d6k.
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Nov. 13, 2006
Federal Computer Week | ManTech to use SOA for geospatial project
Published on Nov. 13, 2006 ManTech International will use service-oriented architecture (SOA) to build an interoperable platform so that the Homeland Security Department, state and local government agencies, and private-sector organizations can share geospatial information and respond better to natural and manmade disasters.
Through a recently announced DHS contract award, ManTech will build an Integrated Common Analytical Viewer (iCAV) into a DHS geospatial infrastructure to allow the department and its government and industry partners to share their respective data and access it via standard Web browsers.
The contract's value was not revealed.
Development of the system is in response to the Homeland Security Presidential Directive 7 mandate that requires DHS to identify and prioritize critical infrastructure and other key resources and protect them from terrorist attacks, said Mike Cosgrave, ManTech's Homeland Security Sector manager.
The iCAV facility means that none of the organizations providing the data needs to have any SOA capabilities, he said.
"It doesn‚t require the data to be modified in any way," he said. "We engineered the system so that the data can be ingested [through the iCAV system] and then shared across previously stovepiped systems."
In addition to designing and customizing the initial iCAV system, ManTech will provide mission-specific, near-real-time awareness support for dealing with disasters, such as tracking hurricanes and the infrastructures they threaten.
A version of the system is up and running, Cosgrave said, though it is up to DHS to decide when it goes public and when state and local government agencies can start using it.
Secret and top-secret versions of the system are expected to be implemented in the spring, he said.
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Oct. 10, 2006
Federal Computer Week | Guident Adds Intelligence Pro as Adviser
Guident, a business intelligence, data warehousing and Oracle solutions provider to the federal government, has added Tracy Graves-Stevens to its Federal Advisory Board. Graves-Stevens is president of ManTech International’s MSM Security Services practice. She has more than 20 years of Defense Department and intelligence community expertise, a Guident announcement states. Graves-Stevens spent most of her career at the CIA, working in technical and leadership roles. Before joining ManTech, she was president and chief executive officer of Communications Technology Exchange, a provider of software and architectural engineering solutions to the Defense and intelligence communities. Before that, she supported a number of large national security programs as director of Logicon, a defense systems engineering firm. "Adding [her] depth of knowledge in this target area to our Federal Advisory Board will assist us in fulfilling this goal," said Teddy Matheu, a partner at Guident, in the statement. "We welcome Tracy Graves-Stevens and look forward to learning from her vast experiences in this niche marketplace." "Requirements for the expanded analysis and sharing of intelligence continue to deepen, increasing the need for solutions that facilitate empowered decisions," Graves-Stevens said. "Guident has demonstrated the understanding of this growing necessity," she added. |
Sept. 18, 2006
MSN Money - USA | ManTech Gets Contract From Army Facility
FAIRFAX, Va. (AP) - ManTech International Corp., an information-technology services provider, said Monday it received a $47.9 million contract to provide services to the Army's Central Technical Support Facility in Fort Hood, Texas.
ManTech will provide support for security, telecommunications, facilities management, logistics and inventory control management at the base. It will also provide limited test and training assistance over a four-year period.
The Central Technical Support Facility holds integration, testing and fielding support of software on all Army Battle Command Systems. It is controlled by the Army Chief Information Officer and the Program Executive Officer Command, Control and Communications Tactical.
ManTech has been supporting different functions at Fort Hood for about 25 years, the company said, and is a subcontractor to Computer Sciences Corp., El Segundo, Calif., for the contract. |
Sept. 18, 2006
MarketWatch - USA | ManTech signs $47.9M pact to support Army base in Texas
ManTech International Corp. (MANT) signed a subcontract to support security, telecommunications, facilities management, logistics and inventory-control management at an Army base in Fort Hood, Texas.
The security-technology company said Monday it also agreed provide limited test and training assistance to the facility
The task order, which has a three-year base and a one-year option, has a potential value of $47.9 million.
ManTech, of Fairfax, Va., is a subcontractor to Computer Sciences Corp. (CSC) for this task order.
For 2005, ManTech generated revenue of $980.3 million.
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Sept. 18, 2006
Houston Chronicle - United States | ManTech Gets Contract From Army Facility
FAIRFAX, Va. (AP) - ManTech International Corp., an information-technology services provider, said Monday it received a $47.9 million contract to provide services to the Army's Central Technical Support Facility in Fort Hood, Texas.
ManTech will provide support for security, telecommunications, facilities management, logistics and inventory control management at the base. It will also provide limited test and training assistance over a four-year period.
The Central Technical Support Facility holds integration, testing and fielding support of software on all Army Battle Command Systems. It is controlled by the Army Chief Information Officer and the Program Executive Officer Command, Control and Communications Tactical.
ManTech has been supporting different functions at Fort Hood for about 25 years, the company said, and is a subcontractor to Computer Sciences Corp., El Segundo, Calif., for the contract. |
Sept. 4, 2006
Washington Technology - Washington,DC,USA | ManTech wins support subcontract for Army base
ManTech International Corp. won a four-year, $47.9 million subcontract to supply an array of technical support services to the Army’s Central Technical Support Facility.
Services will include security, telecommunications, facility management, logistics and inventory control management at the base. The company also will provide limited testing and training assistance.
ManTech of Fairfax, Va., is a subcontractor to Computer Sciences Corp. for this work under the Communications-Electronic Life Cycle Management Command, Strategic Services Sourcing contract. The task order is for three years with a one-year option.
The Central Technical Support Facility in Fort Hood, Texas, is the center for integration, testing and fielding support of all Army Battle Command Systems software.
ManTech, which has more than 6,000 employees and had 2005 revenue of $980.3 million, ranks No. 21 on Washington Technology’s 2006 Top 100 list of the largest federal IT contractors. |
Septebmer 4, 2006
Washington Technology 20th Anniversary Edition | Be fast, be nimble Two decades marked by change but keys to success remain consistent
The Internet. Desktop computers. Open standards. Outsourcing. The global IT environment has changed dramatically over the last 20 years.
And yet the prerequisites for success in federal IT contracting have varied little since 1986.
"The qualities associated with success in organizations have stayed remarkably constant; it’s really speed and agility,"said Linda Gooden, president of Lockheed Martin Corp.’s IT division.
Companies must understand their customers’ mission, deliver projects on-time and on-budget and be nimble enough to stay on top of the latest technology, business and government trends.
But in the future, it will take more of the same to succeed in the ever-changing IT contracting landscape. If the lessons of the last 20 years have taught us anything, it’s that the role of IT has fundamentally transformed since Washington Technology published its first issue on April 3, 1986, and that it continues to evolve
.
"Twenty years ago, IT was a necessity to some agencies and a novelty to others," said Jim Leto, president and CEO of GTSI Corp., Chantilly, Va. "Today it’s the lifeblood of every agency — it’s what makes everything work. This whole industry has radically changed in the last 20 years."
Gone are the days when only a handful of high-level employees had computers "with green screens and flashing white cursors" that could perform a few simple tasks. Today, even entry-level government workers have robust computers with Internet connections.
The federal government will need to make better and more efficient use of the latest information technologies because American citizens are demanding it, said Renato DiPentima, CEO of SRA International Inc., Fairfax, Va. DiPentima joined SRA in 1997 after serving as deputy commissioner for systems at the Social Security Administration.
People "want their government to be smaller, but they want it to do more," he said. "The only way that can happen is to leverage IT, to make the people who are there more productive. The workloads aren’t going away."
Technology is not the only element of the IT contracting equation in constant flux, so, too, is the way that government thinks about and buys IT.
In the 1980s, IT was used to automate paper processes and increase efficiencies in individual applications. In the 1990s, the federal government began looking to IT to link disparate systems into an enterprise and create a holistic view of an organization’s systems, data and capabilities. That, too, is already a dated model, Lockheed Martin’s Gooden said.
New implementations must help a government customer meet its stated goals, not just provide a better or cheaper way to do something
. "Customers are looking for more than technology integration, they’re looking for business solution aggregation; bringing together fully integrated concepts of operation and sound system architectures that optimize the business process to efficiently deliver a mission outcome," Gooden said.
The federal government spends roughly $60 billion annually on IT for unclassified agencies, Gooden estimated. Factor in the top-secret spending, and total IT spend goes up considerably, she said.
Founded in 1968, ManTech International Corp., Fairfax, Va., grew up in the intelligence and defense fields and has seen the thought processes of its customers evolve considerably over the last 20 years, said Bob Coleman, company president and chief operating officer.
"More and more government customers are looking at return on investment," Coleman said. "If you put this much money into an IT project, what is my return down the road? And which contractor can maximize my value?"
One key development that has helped the federal government to change its approach to IT contracting is the maturation of commercial software, industry officials said.
The acceptance of commercial products has enabled faster, cheaper and more standardized systems implementations, and also has led to far less code writing to customize a full solution. Today, programmers may write custom code to link multiple commercial products to perform as a single solution, ManTech’s Coleman said.
Commercial products offer another inherent advantage, said Carl Salzano, vice president of government contracting for Booz Allen Hamilton Inc.
"More and more want to buy the package and not have a lot of customization so that when the next version of that package comes out, they can easily migrate to the latest technology," Salzano said.
Transformers
Moving to a new IT system once required wholesale technology changes. Now, government agencies want to move one function at a time while keeping the system operational.
Use of commercial or open-standard software makes such incremental implementations possible, said Austin Yerks, president of federal sector business development for Computer Sciences Corp. CSC has grown from $838 million in fiscal 1986 revenue to $1.2 billion in 1992 and hit $14.1 billion in fiscal 2005.
Another development in contracting over the last 20 years is the rise of managed services contracts to move operations from government hands to the private sector, industry officials said.
Outsourcing continues to be a tricky political proposition, but the business case of reduced costs, increased efficiencies and removing the burden of daily operations has gained support in federal government, industry officials said.
From 1990 to 2005, services as a percentage of overall federal acquisition rose from 37 percent to 47 percent, an upward trend that Lockheed Martin’s Gooden said she expects will continue over the next five years as many federal IT workers retire. Lockheed Martin was formed 1995 with the merger of Lockheed Corp. and Martin Marietta Corp. Together they generated $22.9 billion in annual revenue. In 2005, revenue reached $37.2 billion.
In the 1980s and through much of the 1990s, government agencies relied on their own employees to operate and maintain complex IT systems. But as employees retire, or take higher-paying jobs in the private sector, government agencies have recognized that it costs less to outsource than to try and hire the staff to manage systems internally.
"As the business environment has evolved, there is a greater recognition that organizations should stick to their core competencies and hire specialist firms to fill the niches," Booz Allen’s Salzano said. As government evolves, so does the CIO’s role, GTSI’s Leto said.
Today’s federal CIO is a business person managing a billion-dollar budget, and no longer a technologist managing in-house programmers writing custom code, Leto said.
A shift to services
As the IT contracting market increasingly shifts toward services, companies such as GTSI, which has a product reseller business, are changing to offer more services. The company simply cannot compete with prices the government can get on direct purchases from product manufacturers, Leto said.
Federal direct purchasing initiatives cost GTSI $70 million in business in fiscal 2005, Leto said. The company’s total revenue for 2005 was $886 million, down from $1.1 billion in 2004. GTSI needs to be nimble and transform itself to deliver the services the government is looking for, Leto said.
Identifying where the business opportunities are and building capabilities to meet those needs is crucial to success, said SRA’s DiPentima.
SRA had $134 million in fiscal 1995 revenue. But the company saw legislation in the 1990s that created an opening for governmentwide acquisition contracts run by the General Services Administration and worked to get on GSA schedules.
SRA in 1999 won the right to bid on task orders under GSA’s 10-year, $25 billion Millennia contract, as well as several other large contracts. The company’s growth then took off, shooting up from $250 million in fiscal 1999 revenue to $1.18 billion in fiscal 2006.
"The most important sign of success is to see that wave coming and get in front of it," DiPentima said.
Staff Writer Ethan Butterfield
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Septebmer 4, 2006
Washington Technology 20th Anniversary Edition | 22 leaders who made a difference George Pedersen
The co-founder of ManTech International Corp. had modest ambitions in 1968 when he founded the company. But today it is among the elite companies with greater than $1 billion in annual government revenue.
Despite the company’s size and status as a publicly traded entity, it is hard to separate Pedersen from ManTech. He wants it that way, proudly proclaiming he will remain as chairman until he dies. "I love what we do, every day," he says.
By Nick Wakeman Editor
See all stores on this topic |
Sept. 4, 2006
Washington Technology 20th Anniversary Edition | Market Share | Quick budget bills are best medicine for weak EPS
Why have federal IT service stocks been so weak this summer? It’s a question many investors and companies have been asking me. The federal IT service stocks we track are down by 14 percent this year, while the S&P 500 has seen a gain of 4 percent. Two broad reasons for the weakness are overall stock market concerns and lower earnings per share growth rates among public federal IT service companies.
The broader market movements strongly influence how most stocks trade, and investors are torn between subscribing to the view that the economy is going into a recession and the view that we are headed toward a "soft landing" in the economy. The uncertainty has created volatility and nervousness.
In that environment, slowing growth has hurt federal IT companies. The largest pain factor has derived from Iraq and Afghanistan operations costs, which have been much greater than budgeted and have pressured other defense and civilian agency budgets. Additionally, delays in the fiscal 2006 defense budget and the most recent defense supplemental spending bill have created more uncertainty, further slowing new programs and growth.
The decline in EPS growth has prompted some investor rotation out of the group. EPS growth in the group has slowed from 22 percent the second quarter of 2005 to 8 percent in the same quarter this year, excluding Dynamics Research Corp., which had an 87 percent drop in EPS, NCI Inc., which wasn’t public a year ago and is thus not comparable, and ManTech International Inc., which is recovering from MSM losses of a year ago and thus also is not comparable. We are estimating 2 percent EPS growth in the third quarter.
A major determinant of where the stocks likely will trade over the next few quarters is passage of the fiscal 2007 defense and homeland security budgets. Because of impending elections, an on-time or nearly on-time passage is the most likely scenario. Democrats have chosen defense and homeland security as an issue to hurt Republicans, particularly as regards underfunding of deployed soldiers and their equipment. The rush by Congress to show voters its support for troops resulted in a $13 billion increase, to $50 billion, for the fiscal 2007 defense supplemental spending bill.
The combination of both the regular defense budget and the supplemental spending bill being passed on time likely will give defense personnel more confidence in their funding, freeing up additional contract awards and funding of existing task orders. This view assumes there are no new external issues, such as unexpected military actions or Katrina-like disasters, that could divert funding.
The alternative scenario is not so good for the group. If Congress cannot complete a budget before October, the defense budget will go on with a continuing resolution, probably for a few months. The supplemental spending bill likely will be delayed, and growth rates could weaken further.
For reasons more important than stock performance, I hope Congress can do its job in September and pass the Defense budget on time to support our troops overseas.
Bill Loomis is a managing director at Stifel Nicolaus, which acquired Legg Mason’s Capital Markets Group in December of 2005. He can be reached at wrloomis@stifel.com. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation or needs of individual investors. For additional information and current disclosures for the companies discussed herein, please write to: Stifel Nicolaus, 100 Light St., Baltimore, MD 21202, Attn: Research Department.
By Bill Loomis Special to Washington Technology
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June 28, 2005
Washington Times | "ManTech revenue nears $1 billion "
ManTech International Corp. has turned its niche market in the defense technology industry into a business approaching $1 billion in annual revenue.
The Fairfax company, which focuses on engineering and information technology contracts for U.S. military and intelligence agencies, just announced an $8.9 million engineering contract to make U.S. Navy ships run more quietly.
The five-year contract with the Naval Sea Systems Command requires ManTech to redesign the noisiest parts of ships to achieve "acoustic signature reduction." The work includes data collection, software development and engineering maintenance on Navy ships.
"The less noise made by our ships, the harder it is for our enemies to locate our ships using sonar," said Kenneth J. Farquhar, president of the company's ManTech Systems Engineering Corp. unit.
The acoustic-engineering contract continues a business plan ManTech started 37 years ago that helped the company earn revenue of $842 million last year.
Industry analysts say ManTech is a classic example of a company that develops a niche that it can use to create consistent business.
"That's very typical within this industry," said Mark Jordan, stock analyst for A.G. Edwards & Sons in St. Louis. "If you have very specific expertise, you can have these kinds of relationships that go on for decades."
In the close-knit defense industry, Mr. Jordan said, "As you continue to provide good service to your customer, they probably will not look elsewhere."
ManTech reported net income for its first quarter ended March 31 rose 5.3 percent to $11.9 million (36 cents per diluted share) compared with net income of $11.3 million (35 cents) one year earlier. Revenue jumped 15 percent to $217.5 million from $189.6 million a year ago.
The company won $333 million in new contracts in the latest quarter, largely as a result of increased military and homeland security spending.
ManTech's growth is limited, however, by its high security-clearance requirements, Mr. Jordan said. Many of the company's 6,000 employees require security clearances and high-level engineering skills.
"They have difficulty finding employees because of security clearance needs," Mr. Jordan said.
In addition to securing new contracts for its core engineering business, ManTech is expanding through acquisitions and collaborations with other companies.
"Acquiring companies has always been a part of ManTech's business philosophy and culture," Mr. Farquhar said. "We hope to surpass the $1 billion revenue mark in the short-term, in this year or in 2006."
This month, ManTech completed a $100 million acquisition of Gray Hawk Systems, an Alexandria information technology defense contractor.
It also signed an agreement to use Cisco Systems' AON networking technology to ensure secure telecommunications between ManTech and its government clients.
ManTech shares, which trade on the Nasdaq Stock Market under the symbol MANT, gained 2 cents per share to close yesterday at $29.80. By Tom Ramstack |
June 21, 2005
Infoworld | "Cisco adds intelligence to network gear"
Cisco is embarking on a new direction as it announced Tuesday details of its first move into the messaging middleware business with its Application-Oriented Network (AON) business unit.
With AON, Cisco is adding more intelligence to the network, enabling the network to better understand business application communications to support more effective and efficient business decisions, according to company officials.
...
In addition, Cisco is working with other services and software firms, including: Actional, ConnecTerra, Contivo, CXO, EDS, Infogain, ManTech, SAIC, Trace Financial, TransAct Tools, and Verisign to build additional add-on products and services to the AON architecture, said Cho. Cisco has established an AON partner support, training, testing, certification, and marketing services program, said Cho. "We expect to have other partners to announce as well," he said.
By Bob Francis
Story also seen in:
CPILive.net; Webnewswire.com; TMCnet; ebizQ; CIO Online; GISuser.net; ARNet; Converge Network Digest; Web Services Pipeline; Electronic Engineering Times |
June 16, 2005
Washington Post | "Armitage on Board"
ManTech International Corp. has added some diplomatic star power to its board of directors: Richard L. Armitage, who was deputy secretary of state from March 2001 to February 2005.
The Fairfax company, which has the State Department as a client, specializes in information technology for national-security-related agencies.
Armitage's intimate relationship with Foggy Bottom and its ambassadors around the world will be an asset to the company.
"He is highly regarded throughout the U.S. government for his diplomatic skills, knowledge of international issues and his long and successful career of public service. . . . He has enormous insight into our corporation's capabilities and operations, and he will be a tremendous strategic asset as we grow the company," George J. Pedersen, the company's chairman and chief executive, said in a written statement.
Armitage is president of Armitage International, a consulting firm he founded in March.
By Elissa Silverman |
June 15, 2005
Washington Technology | "ManTech to study ship noise levels"
ManTech International Corp. won a five-year, $8.9 million task order from the Naval Sea Systems Command to provide engineering and technical support services for surface ship radiated noise trials, the company announced today.
The task order was issued under the SeaPort Enhanced Multiple Award contract, which ManTech won in April 2004. The company will collect and analyze data, develop software and provide documentation and engineering maintenance services under the naval command’s Surface Ship Radiated Noise Measurement Program.
“We provide information for the Navy to make critical ship alterations for acoustic signature reduction in the U.S. Navy fleet, which has implications for tactics, systems and self-defense requirements,” said Kenneth Farquhar, president of ManTech Systems Engineering Corp.
ManTech will perform the work at sea on U.S. Navy vessels and at selected Navy shore-based facilities.
The Naval Sea Systems Command is the largest of the Navy’s five systems commands. It builds and supports the country’s fleet of ships and combat systems. The command manages more than 100 acquisition programs and accounts for nearly one-fifth of the Navy’s budget.
Based in Fairfax, Va., ManTech provides technologies and solutions focused on mission-critical national-security programs to the federal government. The company employs about 6,000 people and had 2004 revenue of $842.4 million. It is No. 21 on Washington Technology’s 2005 Top 100 list of federal prime contractors.
By Roseanne Gerin
(also seen in Government Computer News) |
June 13, 2005
Federal Computer Week | "Forbidden fruit - Apple seeks more federal business, but its strategy remains a mystery" Apple Computer made two moves recently that could bode well for its sales to the U.S. government. But don't ask Apple officials what either move means for their overall federal strategy. It's still a secret … Apple wants to move more aggressively into the federal market, said Susan Prescott, the company's vice president for worldwide pro markets. But she declined to discuss strategy or plans, citing Apple policy.
But most government buyers still have a negative impression of Apple's products, said Jon McKnight, principal forensic engineer in the Computer Forensic and Intrusion Analysis Group at ManTech, an integrator that works with federal intelligence agencies and the military.
In the 1990s, Apple's products cost twice as much and worked half as fast as Windows or Unix machines, and they communicated with neither, McKnight said. Now, Apple's storage is one-tenth the cost of Windows, its processors are twice as fast, and it works well with both, he said.
Although Apple's server and supercomputing products are excellent, they still only represent a fraction of ManTech's overall procurement solutions, McKnight said, adding that he would be surprised if another integrator offered Apple products.
Apple is working to change the government's perception of its products and trying to become an approved vendor for government contracts, McKnight said.
By Michael Arnone |
June 1, 2005
Washington Technology | "ManTech closes Gray Hawk deal" ManTech International Corp. completed its $100 million acquisition of intelligence systems provider Gray Hawk Systems Inc., the company said today. ManTech announced the deal in early May. The acquisition will expand the company’s mission-critical solutions for the intelligence community and the Defense Department. Gray Hawk Systems of Alexandria, Va., is a privately held technology company that provides intelligence-related services to the homeland security and intelligence communities, as well as law enforcement and the DOD. The company specializes in critical infrastructure protection, counterintelligence/counterterrorism mission support, information processing and warfare systems engineering. Gray Hawk Systems employs 500 workers, roughly 90 percent of whom have security clearances. The company had 2004 revenue of approximately $70 million and estimates 2005 revenue of $90 million, according to ManTech. Based in Fairfax, Va., ManTech employs approximately 6,000 people and had 2004 revenue of $842.4 million. It is No. 21 on Washington Technology’s 2005 Top 100 list of federal prime contractors. By Roseanne Gerin Similar articles in: Washington Business Journal, GISuser.com and blackenterprise.com |
May 16, 2005
Federal Computer Weekly | "ManTech To Acquire High-Tech, Homeland Security, Law Enforcement & Intell Company for $100M" ManTech International will acquire a high-tech company based in Alexandria, Va., that specializes in the homeland security and law-enforcement markets for $100 million in cash. Gray Hawk Systems, a privately held company founded 10 years ago, also provides services to the Defense Department and intelligence community. The heart of the company's business is critical infrastructure protection, counterintelligence and counterterrorism mission support, information processing and warfare systems engineering, according to a press release. By Dibya Sarkar |
Mar 10, 2005
Government Computer News | "ManTech wins Army task orders" ManTech International Corp. won two task orders totaling $19 million to provide a range of systems integration services to the Army, the company said today. Under the first task order, worth $10 million, ManTech will provide services to the Army Space and Missile Defense Battle Lab at Schriever Air Force Base in Falcon, Colo. Under the second task order, worth $9 million, ManTech is upgrading the Defense Information Systems Agency’s Joint Task Force Global Network Operations center and combat support area. By Roseanne Gerin |
Apr 25, 2005
Washington Post | "The Post 2005 Top 200 Companies" Last year started on a euphoric note for ManTech, as the company joined in celebrating the U.S. capture of Saddam Hussein. Computer equipment from the Fairfax company, which operated a 44-person telecommunications base in Baghdad, was used to hunt the deposed Iraqi dictator, weeding out friend from foe as ground forces closed in … ManTech was ranked number 34 this year, up from 38 last year. |
Mar 9, 2005
Business Wire | "ManTech Boosts Application Performance and Availability with Quest Software's Foglight; Quest Application Management Solution Will Greatly Reduce Load on System and CPU Usage" A press release from Quest Software describes how ManTech, a leading provider of advanced-technology, mission-critical national security solutions for various United States government agencies, has chosen Quest's Foglight product to help monitor systems supporting worldwide operations and proactively resolve application issues before the business is impacted by performance degradation or downtime. |
Mar 7, 2005
Washington Post | "TECHWORKING: ManTech International" ManTech International plans to hire about 400 people in the next month. Bob Coleman, president and chief operating officer, talked with The Post's Andrea Caumont. In an interview with the Washington Post, Bob Coleman discusses what ManTech does, why it is a great place to work, the company's stability and the many job openings. |
Feb 28, 2005
Washington Post | "A Few Good Recruits" Army Capt. Lonnie Moore lost his right leg and -- he thought -- his career last April when his convoy was ambushed on the road to Ramadi, in central Iraq. The injury led to some dark days in Walter Reed Army Medical Center as Moore, 29, began his recuperation and contemplated life outside the military. Through broad initiatives and individual requests, corporations have been actively recruiting veterans of the Iraq and Afghanistan conflicts, turning military hospitals like Walter Reed into de facto hiring centers. "The equipment that we work on and maintain for the military is the same as they would have used," said Eugene C. Renzi, president of defense systems at ManTech International Corp., a Fairfax government contractor that sent recruiters to the career fair. "So when they get out of the military, we can put them right to work and utilize the skills they already have." Contractors like ManTech have another incentive to recruit former soldiers, regardless of disability: Many have security clearances that are in short supply in the workforce, but necessary in order to do an increasing number of government projects. By Ellen McCarthy |
Feb 28, 2005
Washington Post | Appointments
Center for Financial Research & Analysis of Rockville named Richard Leggett president and chief executive. ManTech International of Fairfax named Shawn R. O'Brien senior vice president, program/business development. |
Feb 25, 2005
Investors Business Daily | "Investors Business Daily" ManTech International (MANT) shares leapt more than 13 percent after the company said that its fourth-quarter earnings rose 6.4 percent to $10.7 million, or 33 cents a share, in line with the average estimate of analysts polled by Thomson First Call. The Fairfax, Va.-based aerospace technology company forecast first-quarter earnings of 38 to 40 cents a share on revenue of $214 million to $218 million. Wall Street's current consensus is for a profit of 31 cents per share in the March period. The stock also received an upgrade from Wachovia. |
Feb 25, 2005
TheStreet.com | Stocks in Motion: ManTech Shares of ManTech (MANT:Nasdaq) were among the Nasdaq's winners Friday, rising 13.1% after the defense contractor posted in-line fourth-quarter earnings but said that first-quarter earnings would be better than expected. The company earned $10.7 million, or 33 cents a share, on sales of $229.8 million during the fourth quarter. Analysts surveyed by Thomson First Call were expecting earnings of 33 cents a share on sales of $226.2 million. A year ago, the company earned $10.1 million, or 31 cents a share, on sales of $194.8 million. Looking ahead, ManTech forecast first-quarter earnings of 38 cents to 40 cents a share on sales of $214 million to $218 million. Analysts had been expecting earnings of 31 cents a share on sales of $227.7 million. For all of 2005, the company expects earnings of $1.40 to $1.50 a share on sales of $930 million to $950 million. Analysts are expecting earnings of $1.35 a share on sales of $938.3 million. Shares traded up $2.65 to $22.92. By Mark Martinez |
Feb 15, 2005
SIGNAL Magazine | "Modeling, Simulation and Analysis for the Navy" ManTech International Corporation, Fairfax, Virginia, will support the Naval Air Systems Command (NAVAIR) Naval Air Warfare Center, Aircraft Division Warfare Analysis Department, with modeling, simulation and analysis services. The support will be for anti-air warfare, amphibious warfare, antisurface warfare, mine warfare, naval special warfare, information warfare, noncombat operations, electronic warfare, mobility and homeland defense as well as command, control and communications. The $23 million contract includes modeling, algorithm and software development to assess joint capabilities, threats, readiness, force levels, costs, survivability and vulnerability factors. Work will be performed at NAVAIR in Patuxent River, Maryland. |
Feb 15, 2005
Washington Post | In Brief Alion Science and Technology of McLean acquired ManTech Environmental Technology (METI) from ManTech International Corporation of Fairfax. Terms were not disclosed. METI is an environmental and life sciences research and development company headquartered in Research Triangle Park, N.C. The company will operate as part of Alion's Technology Solutions Group. Also seen in the Potomac Tech Wire and Washington Technology. |
Jan 10, 2005
e-Defense online | "New Support for NAVSEA Ship-Silencing Program" ManTech International Corp. (Fairfax, VA), announced that it has been awarded a contract from the US Naval Sea Systems Command (NAVSEA) to provide engineering- and technical-support services for the Submarine and Surface Ship Signature Silencing program at the Naval Surface Warfare Center Carderock Division (NSWCCD). The five-year contract has a total potential value of $51.3 million. Under the competitively awarded task order through NAVSEA's streamlined SeaPort Enhanced Multiple Award Contract, ManTech will provide technical and logistic support for submarine and surface-ship signature-measurement trials. This includes data collection, testing, analysis, operations, maintenance, logistics, and repair services. Work will be performed at NSWCCD Bremerton Detachment and ManTech facilities in Bremerton, WA. (Also seen in the Washington Post, Washington Technology, Forbes.com and Military and Aerospace Electronics.) |
Jan 5, 2005
Government Computer News | "Navy hires ManTech to help with C2 training " The Space and Naval Warfare Systems Center in San Diego has awarded a $76 million training contract to ManTech International Corp. Under the contract, the Fairfax, Va., company will offer Navy users training on command, control, communications, computers, intelligence, surveillance, reconnaissance and other systems. ManTech will create training for systems operators and technical maintenance teams, develop job analysis materials and recommend technology tools for general training requirements. The contract has five base years and eight six-month options. By Dawn S. Onley (also seen in Washington Post, Potomac Tech Wire, Washington Business Journal, Washington Technology, Investors Business Daily and Forbes.com) |
Dec 16, 2004
SearchSecurity.com | "Nessus no longer free" Vendors relying on open-source Nessus won't automatically get free, timely "plugin" programs after project managers of the popular vulnerability scanner announced a new feed structure that provides the most recent releases for a fee. The move comes after Nessus managers decided too many commercial users contributed nothing to the collaborative program. Though no company names were mentioned by Nessus leaders during their recent announcement, the popular vulnerability scanner reportedly is used in many commercial security products and services. A quick Internet search indicated some of those security vendors include StillSecure, VeriSign, IBM Global Services, Counterpane Internet Security, Symantec, AcuNett, ScannerX and rackAID, among others ... "It is difficult to financially justify releasing the work of a corporate developer to the open source community when that developer is supported by thousands of dollars of equipment, salary and benefits," said Richard Bejtlich, technical director for the Monitoring Operations Division of ManTech's Computer Forensics and Intrusion Analysis group. "To do so is to provide free software development for one's less scrupulous competitors, who are only too happy to take but not give back." By Shawna McAlearney, News Editor |
Dec 15, 2004
Federal Computer Week | "ManTech Helps in Standardizing Border Data" Members of a technology industry group announced plans to develop a new data exchange standard that would enable border and transportation agents to access and share threat-related information. The Government Electronics and Information Technology Association (GEIA) is developing the Border and Transportation (BTS) Security Data Exchange standard in collaboration with the Homeland Security Department's Science and Technology Directorate. The standard, which will conform to DHS' enterprise architecture, will include a data element dictionary, an Extensible Markup Language-based reference schema and examples of information exchange packages. The core development team of Science Applications International Corp., ManTech International and MLR Associates will work with the DHS Metadata Center of Excellence and related information-sharing initiatives. By Dibya Sarkar |
Dec 2004 Homeland Security (McGraw Hill) | "ManTech's BTK Helps Verify Security Policies"
ManTech's software application, known as Baseline Took Kit (BTK), verifies and validates that Department of Defense (DOD) and coalition partner information systems are compliant with established security policies, regulations and guidance, such as the Defense Information Sytems Agency Security Technical Implementation Guidelines. BTK is used to verify that critical, time-sensitive system updates, patches and fixes have been applied to information systems in accordance with DOD's Information Assurance Vulnerability Alert compliance objectives. |
Dec 9, 2004
Washington Post | In Brief ManTech International, a Fairfax government technology contractor, won a contract from the Naval Air Systems Command to provide engineering and technical support services in support of the Naval Air Warfare Center's Aircraft Division Warfare Analysis Department. The contract could be worth $23 million over five years if all options are exercised. ManTech will support modeling, algorithm and software development initiatives that will be used to assess areas such as joint capabilities, threats, readiness, force levels, costs, survivability and vulnerability. |
Dec 8, 2004 Washington Business Journal | "ManTech helps Navy study the art of war" ManTech International has won a contract from the Naval Air Systems Command to provide engineering and technical support services for the naval Air Warfare Center Aircraft Division of Warfare Analysis. The one-year contract with four one-year options has a potential value of $23 million. Under the contract, Fairfax-based ManTech will support the Navy with modeling, simulation and analysis of anti-air warfare, amphibious warfare, homeland defense and command, control and communications. It also will support modeling and software development to assess capabilities, threats, readiness and force levels. ManTech (Nasdaq: MANT) says the work will be performed at Patuxent River, Md. By Jeff Clabaugh Articles also seen in: Associated Press, Forbes.com and Investors Business Daily |
Dec 6, 2004
Washington Post | "Robert A. Coleman" Position: President and chief operating officer, ManTech International Corp., a Fairfax technology company providing national security programs for the intelligence community and the Defense, State, Justice and Homeland Security departments. Career highlights: President, information systems and technology, ManTech International; chief executive, president and founder, Integrated Data Systems; chief engineer, Science Applications International Corp.; systems analyst, crisis management center, White House National Security Council; and software engineer, Raytheon Co. How did you get where you are? After leaving the White House, I was fortunate to work at SAIC, which is where I really got broad exposure to all aspects of the business. SAIC has a great culture and a wonderful entrepreneurial environment. It was that experience that gave me the skills and desire to go out on my own and form Integrated Data Systems. I started as a consultant, and as my business grew I began to hire more and more people. IDS grew to over $45 million in revenue in a period of 12 years. Our focus was on software engineering, enterprise architecture and security engineering within the intelligence community. |
Nov 8, 2004 Washington Post | "ManTech to Support Army Medical Center" ManTech International Corp. of Fairfax won a $19.3 million contract to provide engineering and technical services to Brooke Army Medical Center at Fort Sam Houston in San Antonio. The five-year contract builds on work the company has been doing for the medical center for the past seven years. "We are managing their IT infrastructure from their communications and e-mail all of the way up through the networking that makes it possible for their internal systems to operate and communicate," said Dennis Hammer, ManTech's program manager for the Brooke Army Medical Center. By William Welsh |
Oct 25, 2004
Federal Times | Top 250 GSA Vendors ManTech was ranked 15th, with $225M listed, among companies reporting the highest sales on General Services Administration federal supply schedules for the four quarters between July 2003 and June 2004. |
Oct 19, 2004 Times West Virginian (Fairmont, West Virginia) | World-class facility on the Way - Officials Break ground three I-79 high-tech park buildings FAIRMONT - West Virginia Governor Bob Wise, Representative Alan Mollohan (D-WV), and George J. Pedersen, Chairman and President, ManTech International Corporation, participated in a ceremony dedicating a new high-tech office park near I-79 in Fairmont. ManTech will occupy the first building, scheduled for October 2006. |
Sept 14, 2004
Wall Street Journal | "Who's News"
ManTech International Corporation (Fairfax, Va.) - This government information-technology contractor named Robert Coleman, 45, as its president and chief operating officer. Operations chief is a newly created position, and Mr. Coleman assumes the president's role from George J. Pedersen, 69, who remains chairman and CEO. Mr. Coleman had been president of ManTech's information-systems and technology division. (also seen in Washington Post and Washington Technology) |
Sept 2, 2004 Washington Post | "Mantech International" says it won a contract from the U.S. Naval Surface Warfare Center Carderock Division for engineering and technical services. The Fairfax, Va., firm says the contract, which covers the development of data acquisition systems for submarines and surface ships, has a maximum value of $20.5 million. |
Sept 1, 2004
Washington Technology | "ManTech enlists for Navy acoustical trials"
ManTech International Corp. has won a five-year, $20.5 million contract from the Naval Surface Warfare Center Carderock Division to provide engineering and technical services for submarine and surface ship acoustical trials, the company announced today. ManTech of Fairfax, Va., will conduct acoustic measurements and develop data acquisition systems for submarines and surface ships. It also will support oceanographic research vessels and hydrographic survey vessels. By William Welsh |
Sept 1, 2004 Washington Business Journal | "ManTech stays close to home for $20M Navy job" Fairfax-based contractor ManTech International's latest defense contract will mean work close to home. The company has won a contract from the U.S. Naval Surface Warfare Center in Carderock. The five-year contract is worth $20 million, and work will be done in Bethesda and in Panama City, Fla. Under the contract, ManTech will provide engineering and technical services for conducting acoustic measurements and develop data acquisition systems for both submarines and surface warships. It also will support oceanographic research vessels. ManTech had almost $199 million in second-quarter revenue, up 12 percent from year ago results. By Jeff Clabaugh |
Aug 30, 2004
Federal Computer Week | "ManTech wins Army work"
ManTech International Corp. officials announced today that the company will get $10 million in work from Army Strategic Command's Space and Missile Defense Initiatives Support II contract.The company will provide support in information operations, intelligence and security. The Fairfax, Va.-based company works with Dynetics Inc. in Huntsville, Ala., on the contract, according to a ManTech statement released today. Army Strategic Command Space and Missile Defense awarded in June a $245 million contract to industry teams led by Dynetics, CAS Inc. and COLSA Corp. The five-year deal covers engineering and technical services, according to a statement on the command's Web site. By Frank Tiboni |
Aug 25, 2004 Washington Post | ManTech International of Fairfax, a technologies solutions provider that focuses on national security programs, won a $3.3 million contract over as many as five years from the Environmental Protection Agency to develop a National Security Information program for the agency. ManTech also will develop and deliver security-related educational and training materials, conduct security assistance visits to EPA offices and assist the EPA Security Management Division in developing policy, outreach materials and standard operating procedures. ManTech shares closed yesterday at $15.18, up 65 cents. |
Aug 24, 2004
Washington Technology | "ManTech nabs EPA information security deal"
ManTech International Corp. has won a five-year, $3.3 million contract from the Environmental Protection Agency to design, develop and implement a national security information program for the agency, the company announced today. Under the contract, ManTech of Fairfax, Va., will develop and deliver security-related educational and training materials, conduct security visits of EPA offices, and help the EPA Security Management Division to develop policy, outreach materials and standard operating procedures. The work will be done by the company’s Security and Mission Assurance business unit. ManTech, a provider of IT and technical services to the federal government, has more than 5,300 employees and annual sales of $701.6 million. The company ranked No. 22 on Washington Technology’s 2004 Top 100 list, which measures federal contracting revenue. By William Welsh |
Aug 23, 2004 Washington Post | "Post-9/11 Mergers Brought Problems" Recent acquisitions by ManTech, CACI and Lockheed Martin have not turned out quite as planned. However, ManTech and CACI are still actively pursuing acquisitions. George Pedersen is quoted throughout. By Ellen McCarthy |
Aug 23, 2004
Washington Post | "ManTech to Aid Air Force Network"
ManTech International Corp. of Fairfax won a $20.9 million contract from the Air Force to provide network and telecommunications services in Europe and in Turkey.
Under the six-year deal, the defense contractor will design, engineer, install and maintain key communications equipment at five air bases in Italy, Greece and Turkey.
The company will manage the communications systems to ensure connectivity around the clock, said Eugene C. Renzi, president of ManTech's defense systems group. Specific functions to be provided by ManTech include satellite communications, long-haul communications between bases, internal base support and telephone systems switching.
"Without communications, commanders cannot command," Renzi said, describing the work as essential to the Air Force. By Roseanne Gerin |
Aug 23, 2004 Federal Computer Week | Intercepts-"New NetCents competitor" Officials at Northrop Grumman Corp. recently announced their team for pursuing the Air Force's multibillion-dollar Network Centric Solutions (NetCents) contract set for award in September.
Northrop Grumman IT in Herndon, Va., will head an industry team whose large-business members are AT&T, BearingPoint Inc., Computer Sciences Corp., Dell Inc., RS Information Systems Inc., SI International Inc., Science Applications International Corp., Siemens AG, T-Systems and Verizon.
The team, which also consists of 24 small firms, will compete against ManTech International Corp., which announced its 15-company team in July. By Frank Tiboni |
Aug 23, 2004
Federal Computer Week | "DOD hires ManTech for telecom work"
Officials at ManTech International Corp. announced that the company has received a $21 million contract from the Air Force to provide network and telecommunications services for military personnel in Europe.
The Fairfax, Va.-based company will support Air Force units in Italy, Turkey and Greece. The services will cover operational management of communication and real-time transmission systems, including control of systems, configurations and quality, according to an Aug. 19 ManTech statement.
The company's work on the one-year contact, which has five additional one-year options, also includes help-desk services, hardware maintenance and services in support of local- and wide-area networks, wireless equipment, routers and switches.
"We are prepared and committed to bring the highest level of excellence and dedication to the critical mission requirements of the program," said Eugene Renzi, president of ManTech's Defense Systems Group, in the statement. By Frank Tiboni |
Aug 17, 2004 Washington Post | "Background Investigation Shortfall Sends ManTech to a Loss" Despite an increase in revenue, ManTech International Corp. swung to a loss during its second quarter when a contract to conduct background investigations for the Department of Defense turned out to be far less lucrative than previously expected. The Fairfax government contractor lost $5.2 million (16 cents a share) during the three months ended June 30, compared with an $8.9 million (28 cents) profit in the same period of the previous year. ManTech said it incurred the loss because MSM Security Services Inc., a company it acquired in March 2003, was conducting fewer security clearance investigations than anticipated and the cases it was handling were often complicated and time consuming" By Ellen McCarthy |
Aug 9, 2004
Washington Post | ManTech International, a Fairfax government contractor, plans to ask the Securities and Exchange Commission for an extension in filing its second-quarter financial results. The company had previously said it would report second-quarter financials on or before today. ManTech now says it will report earnings no later than next Monday. |
Aug 3, 2004 National Trade Productions | "ManTech Receives 'Profiles Innovation Award' for Role in Developing Homeland Security Information Network" Mike Kushin, Senior Vice President for ManTech Information Systems and Technology, and the ManTech Homeland Security Information Network (HSIN) team, were part of a DHS team that received an award for developing the DHS HSIN. Colonel (ret.) George “Tom” Marenic, DHS HSIN program manager; and Charles Church, DHS Information Analysis and Infrastructure Protection CIO joined Mike and the ManTech team in receiving a “Profiles in Innovation Award” from National Trade Productions. HSIN is an information sharing and collaboration program which provides a real-time information flow and situational awareness to DHS and its partner communities. HSIN is based on the Joint Regional Information Exchange system, which ManTech developed for the Defense Intelligence Agency. Launched in February of this year, HSIN will be DHS’ primary channel for sending alerts and enabling organizations to work together in emergency situations. |
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