ManTech Awarded $49.8 Million Engineering Support Contract From the Naval Air Warfare Center Aircraft Division.
FAIRFAX, Va.--(BUSINESS WIRE)--June 14, 2004
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, the Intelligence Community, the Department of State, the Department of Justice, the Department of Homeland Security and other U.S. federal government customers, announced today that it has been awarded a contract from the Naval Air Warfare Center Aircraft Division (NAWCAD) to provide continuing support for reliability, maintainability, engineering, technical and administrative services. The contract is for one-year, with four additional option years, giving the program a total potential value of $49.8 million.
Under the competitively awarded contract, ManTech will support the U.S. Naval Air System Command (NAVAIR) engineering department providing reliability, maintainability, testability, quality assurance, diagnostic, and system safety analysis during the design, development, production, and in-service cycles of naval aircraft and their systems. Work will be performed at NAVAIR locations in Patuxent River, MD, Lakehurst, NJ, and Lexington Park, MD.
"One of the key reasons we were awarded this contract was because of our strong record of past performance with this customer," said Kenneth J. Farquhar, president, ManTech Systems Engineering Corporation. "Additionally, we are thoroughly familiar with the design, development and production cycles of Naval aircraft acquisition. We have developed specialized tools to assist with the prediction of aging aircraft component failure, and we have more than 30 years of experience of successfully supporting the naval aviation community."
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. The company's expertise includes 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 for 2004 expected to exceed $800 million, more than 5,300 highly qualified employees and several thousand consultants, the company operates in the United States and more than 30 countries worldwide. ManTech was selected by Business Week magazine as one of the Top 100 Hot Growth Companies for 2004. 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, could be interpreted to be "forward-looking" statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those indicated by such forward-looking statement include, but are not limited to: the failure of the Government to allot 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. For a discussion of these and other risks and uncertainties, please refer to the section titled "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 8-K and Form 10-Q. 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:||Jun 14, 2004|
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