ManTech Awarded $33.5 Million to Provide Advisory and Assistance Support for the Combating Terrorism
ManTech Awarded $33.5 Million to Provide Advisory and Assistance Support for the Combating Terrorism Technical Support Office
FAIRFAX, Va.--(BUSINESS WIRE)-- The Combating Terrorism Technical Support Office (CTTSO) has awarded ManTech International Corporation (NAS: MANT) a prime contract to provide scientific, engineering, technical, and administrative support to the CTTSO. The cost-plus-fixed fee contract has a one-year base period and two one-year options with a potential value to ManTech of $33.5M.
Under the contract, ManTech will continue to provide the CTTSO and its subordinate offices with Advisory and Assistance Services (A&AS) and Systems Engineering and Technical Assistance (SETA) services. ManTech professionals will also continue to assist with managing acquisitions and projects to rapidly field combating terrorism solutions at home and abroad.
The mission of the CTTSO is to conduct the National R&D Program for Combating Terrorism through rapid research, development and prototyping. Funding, task selection and task management are not dictated by any single agency, and community need determines task priority. Requirements continually evolve and are defined by end users consisting of over 100 federal agencies and state, local, international and non-government organizations.
"The CTTSO customer has unique operational and technical demands to quickly deploy advanced solutions in support of the global war on terrorism," said Terry M. Ryan, president and chief operating officer of ManTech's Emerging Markets Group. "We are pleased to continue our technical support to the CTTSO's critical mission."
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 its health organizations; the departments of State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigation (FBI); the space community; and other U.S. federal government customers. We provide support to critical national security programs for approximately 60 federal agencies through approximately 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.
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. Words such as "may," "will," "expect," "intend," "anticipate," "believe," or "estimate," or the negative of these terms or words of similar import are intended to identify forward-looking statements.
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 the results we anticipate, include, but are not limited to, the following: adverse changes in U.S. government spending levels for programs we support due to budgetary constraints affecting federal government spending, changing mission priorities or other factors; adverse changes in our mix of contract types; failure to retain existing U.S. government contracts, win new contracts or win recompetes; failure to obtain option awards, task orders or funding under contracts; risk of contract renegotiation, performance, modification or termination; competition; failure to maintain strong relationships with other contractors; failure to successfully integrate recently acquired companies or businesses into our operations or to realize any accretive or synergistic effects from such acquisitions; risks associated with complex U.S. government procurement laws and regulations; adverse results of U.S. government audits of our government contracts; risks of financing, such as increases in interest rates and restrictions imposed by our outstanding indebtedness, including the ability to meet financial covenants, and risks related to an inability to obtain new or additional financing; and failure to identify, execute or effectively integrate future acquisitions. These and other risk factors are more fully discussed in the section entitled "Risks Factors" in ManTech's Annual Report on Form 10-K previously filed with the Securities and Exchange Commission on Feb. 24, 2012, Item 1A of Part II of our Quarterly Reports on Form 10-Q, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission.
The forward-looking statements included herein 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.
ManTech International Corporation
Sally Sullivan, 703-218-8291
KEYWORDS: United States North America District of Columbia Virginia
The article ManTech Awarded $33.5 Million to Provide Advisory and Assistance Support for the Combating Terrorism Technical Support Office originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.