| [June 01, 2012] |
 |
ManTech Awarded Five-Year Contract with a $2.85 Billion Ceiling to Continue Sustainment of U.S. Military's Mine Resistant Ambush Protected (MRAP) Family of Vehicles (FoV)
FAIRFAX, Va. --(Business Wire)--
ManTech International (News - Alert) Corporation (NASDAQ:MANT) has been awarded the
MRAP Contractor Logistics Sustainment and Support (CLSS) Services
contract by the U.S. Army's TACOM Contracting Center to continue
providing logistics sustainment and support for the U.S. Military's MRAP
FoV. The award has a total value of $2.85 billion and a period of
performance of five years if all options are exercised.
"As one of the very first contractors on the battlefield, we have built
a strong working relationship with the U.S. Army over many years. This
relationship is an essential part of who we are at ManTech, and winning
this contract is a statement about the quality and professionalism of
our people," said ManTech Chairman and CEO George J. Pedersen. "We are
fully committed to the critical mission of the Army's TACOM Life Cycle
Management Command and our other Army customers, even as we expand into
new business areas such as healthcare IT and cyber security. This win,
coupled with our recent awards to support the FBI's Criminal Justice
Information Services and the NIH's Health IT Acquisition and Assessment
Center, affirms our strategic investments to grow in traditional and
emerging markets."
Under this contract ManTech will continue to provide services to rapidly
assess and repair battle-damaged MRAP FoV systems and mechanical
failures, insert technology, integrate systems, and perform upgrades and
modifications to enhance and sustain fleet operational readiness.
ManTech will also continue to manage supply and transportation support
for route-clearance vehicle fleet, including demand analysis, warehouse
operations, logistics data reporting, and material management to ensure
optimum distribution of parts at all repair locations. Work is being
performed in Afghanistan, Kuwait and at locations throughout the U.S.
and the world.
The U.S. Army TACOM Life Cycle Management Command, in partnership with
the Army's Program Executive Offices, is one of the Army's largst
research, development and sustainment organizations for weapon systems.
Its mission is to develop, acquire, field and sustain soldier and ground
systems for the warfighter by integrating effective and timely
acquisition, logistics and cutting-edge technology.
"MRAP vehicles provide significant protection for our servicemen and
women, so it is imperative we maintain them at a high operational
readiness level," said Louis M. Addeo, president and chief operating
officer of ManTech's Technical Services Group. "ManTech has built a
reputation for efficient, reliable logistics sustainment and we are
honored to be selected to continue this important support."
"We are proud to continue our support to the MRAP program," added Kevin
C. Cody, president of ManTech's Systems Sustainment and Integrated
Logistics business unit. "We value the significance the MRAP and RCV FoV
programs have had to the safety of our nation's warfighters since 2003."
About ManTech International Corporation
ManTech is a leading provider of innovative technologies and solutions
for mission-critical national security programs for the intelligence
community; the Department of Defense, including health organizations;
the departments of State, Homeland Security, Energy and Justice,
including the Federal Bureau of Investigation (FBI); the space
community; the National Oceanic (News - Alert) and Atmospheric Administration; and
other U.S. federal government customers. We provide support to critical
national security programs for approximately 60 federal agencies through
1,000 current contracts. ManTech's expertise includes command, control,
communications, computers, intelligence, surveillance and reconnaissance
(C4ISR) lifecycle support; cyber security; global logistics support;
intelligence/counter-intelligence support; information technology (IT)
modernization and sustainment; systems engineering; test and evaluation;
and health IT. ManTech supports major national missions, such as
military readiness, terrorist threat detection, information security and
border protection. 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. These forward-looking statements
are inherently subject to risks and uncertainties, and actual results
and outcomes may differ materially from the results and outcomes we
anticipate. Factors that could cause actual results to differ materially
from those we anticipate include, but are not limited to, adverse
changes in U.S. government spending and mission priorities; government
contract procurement (such as a bid protest) risks; the failure to
obtain option awards, task orders or funding under the contract; risk of
contract performance, modification, or termination; 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 Feb. 24, 2012, and from
time to time in ManTech's other filings. The forward-looking statements
included in this news release are only made as of the date of this press
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.

[ Back To TMCnet.com's Homepage ]
|