April 1, 2008

ManTech First Quarter 2008 Contract Awards Total $750 Million

Awards Cover a Broad Spectrum of Intelligence Community, DOD and Homeland Security Customers

FAIRFAX, Va.--(BUSINESS WIRE)--April 1, 2008--ManTech International Corporation (Nasdaq:MANT) announced today that it has received $750 million in first quarter 2008 contract awards with 25 percent coming from new business or expansions to existing contracts. Over $110 million of ManTech's awards in the first quarter were for classified contracts. The other awards cross all of ManTech's business areas and include large wins with the Army and Navy. The Army awards included a $268 million one-year bridge extension under the Countermine program that helps protect the troops from Improvised Explosive Devices (IED) and a $62 million contract expansion to support the Army's global property management system. As previously announced, ManTech also received an $83 million contract to provide warfare analysis, modeling and simulation, and software development for the U.S. Naval Air Systems Command.

"We had an outstanding first quarter in terms of contract awards, which was consistent with our outlook for a strong first half of 2008," said Robert A. Coleman, President and Chief Operating Officer, ManTech International Corporation. "There continues to be strong demand for our services which support the technology protecting our armed forces in the Global War on Terrorism, and for mission-critical services supporting the Intelligence Community, DOD and homeland security customers."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia with more than 7,300 professionals, ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the departments of Defense, State, Homeland Security and Justice; the Space Community 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, 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; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases that track terrorists. The company operates in the United States and more than 40 countries. In 2007, ManTech was named one of BusinessWeek.com's fastest growing tech companies; to Business 2.0 magazine's 100 Fastest Growing Technology Companies list for the second year in a row; to the Deloitte & Touche list of the 50 fastest growing technology companies in Virginia; and a GI Jobs magazine Top Ten Military Friendly Employer. Additional information on ManTech can be found at www.mantech.com.

Forward-Looking Information:

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," "intends," "should," "expects," "plans," "projects," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or "opportunity," or the negative of these terms or words of similar import are intended to identify forward-looking statements.

These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: adverse changes in U.S. government spending priorities; failure to retain existing U.S. government contracts, win new contracts, or win recompetes; adverse results of U.S. government audits of our government contracts; risks associated with complex U.S. government procurement laws and regulations; adverse effect of contract consolidation; risk of contract performance or termination; failure to obtain option awards, task orders or funding under contracts; adverse changes in our mix of contract types; failure to successfully integrate recently acquired companies or businesses into our operations or to realize any accretive or synergistic effects from such acquisitions; failure to identify, execute or effectively integrate future acquisitions; and competition. These and other risk factors are more fully discussed in the section entitled "Risks Factors" in ManTech's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 17, 2008, 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.

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.

CONTACT: ManTech International Corporation
Mark Root
Executive Director, Corporate Communications
off: 703-218-8397; cell: 571-259-1169
Joseph Cormier
Vice President, Corporate Development

SOURCE: ManTech International Corporation

Close window | Back to top

Copyright 2018 ManTech International Corporation