ManTech-MSM Joint Venture Awarded $50 Million Defense Security Services Contract Issued by the Naval Air Systems Command.Business Editors/High-Tech Writers FAIRFAX, Va.--(BUSINESS WIRE)--Feb. 3, 2003 ManTech International Corporation (Nasdaq: MANT), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that the Naval Air Systems Command The Naval Air Systems Command, or NAVAIR, is the part of the United States Navy which provides materiel support for naval aircraft and airborne weapon systems, such as guided missiles. NAVAIR was established in 1966 as the successor to the Navy's Bureau of Naval Weapons (BuWeps). has selected the Investigative Services Joint Venture (ISJV ISJV Investigative Services Joint Venture ) to provide Personnel Security Investigation (PSI) services to supplement the capabilities of the Defense Security Services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the (DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S ) under the "Whole Case Contract". The ISJV, established to support this contract, combines the corporate, technical, and financial resources of ManTech Solutions and Technologies Corporation (MSTC MSTC Mid-State Technical College (Wisconsin) MSTC Mississippi State Tax Commission MSTC Medical Sciences Teaching Centre (Oxford University) MSTC Douglas Macarthur State Technical College ), a subsidiary of ManTech International Corporation and Greenbelt, Maryland-based MSM MSM - Micronetics Standard MUMPS Security Services, Incorporated (MSM). Both companies have performed investigative services work for DSS in the past. The contract, administered by the Naval Air Systems Command and awarded to the ISJV under a DSS Blanket Purchase Agreement (BPA BPA British Paediatric Association. ), has an estimated value of $50 million covering a three-year period of performance. In the ISJV, ManTech's 30-year tradition of advanced information technology support to the Federal Government and its corporate resources with over 4,400 employees have been combined with MSM's 20 years of investigative experience to provide high quality support for the DSS mission. Commenting on the award, Milton Mileski, ISJV Chairman of the Board and MSM Chief Executive Officer, said "The ISJV is proud to have been selected to support DSS in its mission critical national security work. MSM and ManTech have contributed the best of our respective capabilities and resources in the security field to form what we believe will be a leading-edge security background investigation services provider." Bradley H. Feldmann, ISJV Board Member and ManTech Senior Corporate Vice President commented, "Our two companies are dedicated to leveraging our collective IT and investigative expertise to improve not only the quality and timeliness of PSIs but also the underlying training and technology processes that will be critical to the ISJV's success in supporting the customer's mission." Feldmann concluded, "Today's announcement underscores the strength of the ManTech-MSM relationship." About ManTech International Corporation: Headquartered in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com. About MSM Security Services, Incorporated: MSM Security Services Incorporated, headquartered in Greenbelt, Maryland Greenbelt is a city in Prince George's County, Maryland, United States. Contained within today's City of Greenbelt is the historic, planned community now known locally as "Old Greenbelt." Greenbelt's population was 21,456 at the 2000 census. , is a privately owned government contractor A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. established exclusively to perform investigative and security related services for U.S. government agencies. MSM continues to be a leader in contract background investigation services. MSM has completed tens of thousands of personnel security background investigations since its founding in 1978. As an established investigative organization, MSM has a substantial infrastructure with over 1,700 contract investigators nationwide, including Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the Virgin Islands. Over 90% of this investigative force has more than 20 years of former investigative experience. As a pioneer in its industry, MSM is committed to providing the highest quality investigative services by concentrating all its resources on this singular effort. Statements made in this press release which do not address historical facts could be interpreted to be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 anticipated include, but are not limited, to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company's businesses and other risk factors discussed in the company's filings under the Securities Act of 1933. The statements in this press release are made as of February 3, 2003, and the Company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise. |
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