ManTech International Awarded $47 Million Contract for Support to the Naval Submarine and Surface Signature Silencing Programs at Puget Sound
FAIRFAX, Va., Feb. 10, 2016 (GLOBE NEWSWIRE) -- The U.S. Navy has awarded ManTech International Corporation (Nasdaq:MANT) a prime contract to provide engineering and technical support services for submarine and surface ship acoustical trials. ManTech will support the U.S. Navy by providing for the collection, reduction, analysis, and reporting of acoustics trials data. This contract will also provide assessments of current measurement procedures for acoustic and special trials, as well as related studies in the assessment of noise measurement systems. The cost-plus-incentive-fee task order has a 12-month base period of performance, two 12-month option periods, and two 12-month award terms, with a potential total value to ManTech of $47 million.
"ManTech is privileged to provide critical, full-spectrum engineering support to the U.S. Navy’s important acoustics mission,” said Daniel J. Keefe, president and chief operating officer of ManTech’s Mission Solutions & Services Group.
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 Departments of Defense, State, Homeland Security, Energy, Veterans Affairs, and Justice, including the Federal Bureau of Investigation; the health and space communities; and other U.S. federal government customers. We provide support to critical national security programs for approximately 50 federal agencies through approximately 1,000 current contracts. ManTech's expertise includes cyber security; command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions and services; information technology (IT) modernization and sustainment; intelligence/counter-intelligence solutions and support; systems engineering; healthcare analytics and IT; global logistics support; test and evaluation; and environmental, range, and sustainability services. ManTech supports major national missions, such as military readiness and wellness, 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. 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; 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.
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