ManTech, BAE Systems, EWA-IIT and Northrop Grumman Team Win $209M Contract for Support of Worldwide Intelligence and Security Requirements to U.S. Army Intelligence Command.
ManTech International Corporation (Nasdaq:MANT), a leading provider of innovative technologies and solutions focused on mission-critical national security programs for the Department of Defense, Intelligence Community, the Department of State, the Department of Justice, Department of Homeland Security, and other federal government customers announced today that the Intelligence Enterprise Joint Venture (IEJV) team has received a $209 million contract from the United States Army Intelligence and Security Command (INSCOM) to provide multi-disciplined intelligence and security support.
The competitively awarded contract, won by ManTech and its three partners which form the IEJV, has a base-year with four option years. Tasking under the contract falls into the following categories: 1) Information Technology/Management; 2) Force Management; 3) Intelligence, Security, and Information Operations; 4) Resource Management; 5) Acquisition; 6) Audio/Visual Information; and 7) Administrative Support. Work will be performed at the following geographic locations: Pacific Command (PACOM); U.S. Forces, Korea (USFK); European Command (EUCOM); Southern Command (SOUTHCOM); Central Command (CENTCOM); Northern Command (NCOM); and in the continental United States.
"ManTech, in partnership with BAE Systems, Northrop Grumman and EWA-IIT in the Intelligence Enterprise Joint Venture is pleased to be selected by the United States Army Intelligence and Security Command for this award. We have a long history of commitment and dedication to the worldwide and multi-disciplined requirements of the program," said Eugene C. Renzi, President of ManTech's Defense Systems Group.
The U.S. Army Intelligence and Security Command conducts dominant intelligence, security and information operations for commanders and national decision-makers, and provides war fighters with the seamless intelligence needed to understand and dominate the battlefield.
About ManTech International Corporation:
Headquartered in Fairfax, Virginia, ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Department of Defense, the Intelligence Community, the Department of State, the Department of Justice, the Department of Homeland Security and other U.S. federal government customers. ManTech's expertise includes technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; provides the physical and cyber security to protect U.S. embassies all over the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and is helping the Department of Justice's U.S. Marshall Service deploy a common, office automation system. With projected annual revenues in excess of $800 million for 2004 and more than 5,500 highly qualified employees and several thousand consultants, the company operates in the United States and more than 30 countries worldwide. In 2004, ManTech was selected by Business Week magazine as one of the Top 100 Hot Growth Companies and was ranked as one of the Top 50 Fastest-Growing Solution Providers by VARBusiness magazine. Additional information on ManTech can be found at www.mantech.com.
Statements and assumptions made in this press release, which do not address historical facts, constitute "forward-looking" statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Such forward-looking statements are subject to factors that could cause actual results to differ materially from those anticipated results. These factors include but are not limited to: the failure of the U.S. government to allot funds to ManTech to complete performance of the contract or exercise contract options; risks of contract performance; risks of contract termination, either for default or for the convenience of the U.S. government; risks associated with complex U.S. government procurement laws and regulations; competitive factors such as pricing pressures and/or competition to hire and retain employees; and material changes in laws or regulations applicable to the company's businesses. These and other risk factors are more fully discussed in the section entitled "Risks Related to the Company's Business" in ManTech's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2004, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission, including among others, its reports on Form 10-Q and Form 8-K. The forward-looking statements included in this news release are only made as of the date of this news release and ManTech undertakes no obligation to publicly update any of the forward-looking statements made herein, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.
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|Date:||Jan 24, 2005|
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