ManTech Awarded $27.7 Million Technical Services Contract from the U.S. Army to Support Property Management in Afghanistan.FAIRFAX, Va. -- ManTech International Corporation (Nasdaq:MANT), a leading provider of innovative technologies and solutions focused on mission-critical national security programs for the Intelligence Community and the Departments of Defense, State, Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security
Department of Homeland Security
executive department - a federal department in the executive branch of the government of the United States , Justice and other U.S. federal government customers, announced today that it has been awarded a $27.7M contract from the U.S. Army Field Support Command to support the Afghanistan Property Accountability program.
The competitively awarded contract is for one year, with four, one-year options. ManTech will provide in-depth technical services for property program management which has become critical as the conflict in Afghanistan continues; maintenance of automated records inventories; accountability for property requests, returns, and adjustments; evaluation of property usage; and validation of existing and new property worth hundreds of millions of dollars.
Eugene C. Renzi, ManTech Senior Executive Vice President and President of ManTech's Defense Systems Group said, "ManTech is proud to be in the forefront of serving our Armed Forces and this award represents our continuing commitment to provide the highest quality support in meeting their critical mission requirements."
The U.S. Army Field Support Command, Rock Island, Ill., provides Army Materiel Command Army Materiel Command can refer to:
AFSC Alaska Fisheries Science Center
AFSC Air Force Systems Command
AFSC Air Force Specialty Code
AFSC Air Force Space Command
AFSC Armed Forces Services Corporation
AFSC Army Field Support Command is on the front-line supporting and sustaining warfighters with joint munitions mu·ni·tion
War materiel, especially weapons and ammunition. Often used in the plural.
tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions
To supply with munitions. , Army Prepositioned Stocks, field support, and Logistics Civil Augmentation Program Standing, long-term contacts designed to augment Service logistic capabilities with contract support in both preplanned and short notice contingencies. Examples include US Army Logistics Civilian Augmentation Program, US Air Force Contract Augmentation Program, and US Navy Construction .
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 Intelligence Community and the Departments of Defense, State, Homeland Security, Justice and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection Department of Defense (DOD) program to identify and protect assets critical to the Defense Transportation System. Loss of a critical asset would result in failure to support the mission of a combatant commander. , 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 Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security
executive department - a federal department in the executive branch of the government of the United States ; and provides critical information to the U.S. Navy. With 2004 annual revenues of $842 million and more than 6,000 highly qualified employees, the company operates in the United States and 40 countries worldwide. In 2004, ManTech was selected by Business Week magazine as one of the Top 100 Hot Growth Companies and ranked by VARBusiness magazine as one of its Top 50 Fastest-Growing Solution Providers. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Government to allot al·lot
tr.v. al·lot·ted, al·lot·ting, al·lots
1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame.
2. funds to ManTech to complete performance of the contact or exercise contract options; the risk of contract performance; government contract procurement (such as bid protest) and termination risks; 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 Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. filed with the Securities and Exchange Commission on March 16, 2005, 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 Form 10-Q
See 10-Q. and Form 8-K Form 8-K
The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.
See 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.