ManTech Awarded $47 Million Bridge Contract Modification for Navy Ship Maintenance and Logistics Information Systems (SMLIS) Program
HERNDON, Va., Aug. 05, 2016 (GLOBE NEWSWIRE) -- The Naval Sea Systems Command (NAVSEA) has awarded ManTech International Corporation (Nasdaq:MANT) a bridge contract modification to provide systems operation, sustainment, and support services for the Navy Ship Maintenance and Logistics Information Systems (SMLIS) program. The cost-plus-fixed-fee bridge contract modification contains options that, if exercised, extend through July 2017 with a potential total value to ManTech of $47 million.
"Providing enterprise support to SMLIS Program is a privilege for ManTech, and continuing this partnership is critical to Navy's Ship Modernization Programs," said Daniel J. Keefe, president and chief operating officer of ManTech's Mission Solutions & Services Group.
About ManTech International Corporation
ManTech provides innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the Departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal
Bureau of Investigation (FBI); the space community; and other U.S. government customers. We support important national missions by providing services to approximately 50 federal government agencies under approximately 1,000 current contracts. ManTech's expertise includes cybersecurity; software and systems development; enterprise information technology; multi-discipline intelligence; program protection and mission assurance; systems engineering; test and evaluation (T&E); command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); training; supply chain management and logistics; and management consulting. 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. 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:
failure to obtain option awards, task orders, or funding under contracts; failure to realize the full amount of our backlog, or adverse changes in the timing of receipt of revenues under contracts included in backlog; renegotiation, modification, or termination of our contracts, or failure to perform in conformity with contract terms or our expectations. These and other risk factors are more fully discussed in the section entitled "Risk Factors" in ManTech's Annual Report on Form 10-K, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission.
ManTech International Corporation
Lynn Davis, 703-259-3636
Source: ManTech International Corporation
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