ManTech International

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ManTech International
Type Public
Traded as NASDAQMANT
Industry defense
Founded Fairfax, Virginia, United States (1968)
Founder(s) George J. Pedersen
Headquarters Fairfax, Virginia, United States
Area served worldwide
Key people George J. Pedersen
(Chairman) & (CEO)
Revenue Decrease $2.582 billion (2012)[1]
Operating income Increase $ 170.988 million (2012)
Net income Increase $95.019 million (2012)
Total assets Increase $1.841 billion (2012)
Total equity Increase $1.165 billion (2012)
Employees over 10,000 (2012)
Website www.Mantech.com

ManTech International Corporation was co-founded in 1968 by George J. Pedersen.[2] The company’s main purpose is to deliver upcoming information technology and technical services to U.S. federal government customers.

History[edit]

ManTech has grown to become one of the U.S. government’s leading providers of technologies for national security programs supporting the United States Intelligence Community and Departments of Defense, State, Homeland Security and Justice; the Space Community; and other government agencies. ManTech started the business of Personnel Security Investigation in 2000.[3] They specialize in software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. ManTech has supported the telecommunications use in Operation Iraqi Freedom. The corporation’s base is located in Fairfax, Virginia.[4] ManTech has over 10,000 employees with operations in 40 countries.On October 29, 2000, the company reported Q3 revenue of $181.6 million, shy of the FC consensus of $183.1 million.[5] Revenues have increased from $431 million in 2001 to $1.1 billion in 2006 [2] to $2.6 billion in 2010.[6]

Acquisition of HBGary[edit]

On Feb 29th, 2012 ManTech International announced its purchase of HBGary, Inc.[7] Financial terms of the acquisition were not disclosed other than to say it was an "asset purchase", which excludes legal and financial liabilities.[7]

Notable contracts[edit]

ManTech corporation received a contract to support the US Army in southwest Asia, Iraq and Afghanistan, as lead subcontractor to the VSE corporation. Some of the services ordered under the contract include: employed sustainment management; deployed logistics and repairs management; unique system training and curriculum support; and resource management, acquisition and administrative support for unique and specialized systems. The company’s specialization in communications and technology equipment is helpful to the ground and air soldiers of the US. ManTech’s workers are often placed inside the units of troops which they support.[8]

ManTech corporation received a contract in the Q4 2006 to support mine-clearing and other systems for the U.S. Army in Iraq, Afghanistan and Kuwait. ManTech will provide services as ordered under the task including deployed sustainment management; deploy logistics and repairs management; unique system training and curriculum support; and resource management and acquisition. These services will be provided in southwest Asia, mainly Iraq and Afghanistan.[9]

References[edit]

  1. ^ - ManTech Form 10-K Annual Report from investor.mantech.com
  2. ^ a b ManTech International Corporation[dead link]
  3. ^ "Mantech Intl.corp : ManTech Announces the Sale of Its MSM Subsidiary". February 15, 2007. Retrieved Jul 12, 2013. 
  4. ^ ManTech International Corporation[dead link]
  5. ^ "ManTech Shy of Revenue Expectations, EPS Guidance for Q4 Could Miss". 
  6. ^ "169013_001_Sendd_Web.p" (PDF). Retrieved 2012-05-12. 
  7. ^ a b Leyden, John (29 February 2012). "US gov IT services vendor swallows HBGary". The Register. Retrieved 26 April 2012. 
  8. ^ "ManTech Receives up to $300M to Support US forces in Iraq & Afghanistan". Defenseindustrydaily.com. 2006-01-06. Retrieved 2012-05-12. 
  9. ^ "Mantech Wins up to $156M to Support Counter-Mine Equipment et al. within CENTCOM". Defenseindustrydaily.com. 2007-01-10. Retrieved 2012-05-12.