ManTech Awarded $507 Million to Continue Sustainment of U.S. Military’s Mine Resistant Ambush Protected (MRAP) Family of Vehicles (FoV)
FAIRFAX, Va.--(BUSINESS WIRE)-- ManTech International Corporation (MANT) has been awarded a contract modification by the U.S. Armys TACOM Contracting Center to continue providing logistics sustainment and support for the U.S. Militarys MRAP FoV. The award is valued at $100.8 million for the initial two month period of performance and includes eight additional one-month options valued at $406 million if all options are exercised, for a total award value of $506.8 million.
Under this contract ManTech provides rapid assessment and repair of battle-damaged MRAP FoV systems, immediate repair of mechanical failures, and technology insertion, system integration, upgrades, and modification services to enhance and sustain fleet operational readiness. Specific to the Route Clearance Vehicle fleet ManTech manages supply and transportation support to include performing demand analysis, warehouse operations, management and reporting of logistics data, and redistribution of material to right size the repair parts levels at each of the repair locations. Work is being performed in Afghanistan, Kuwait and at locations throughout the U.S. and OCONUS as required.
The U.S. Army TACOM Life Cycle Management Command, in partnership with the Army's Program Executive Offices, is one of the Army's largest weapon systems research, development and sustainment organizations. Its mission is to develop, acquire, field and sustain soldier and ground systems for the warfighter through the integration of effective and timely acquisition, logistics and cutting-edge technology.
The MRAP FoV program is an important component of the Armys effort to protect its personnel, said Louis M. Addeo, president and chief operating officer of ManTechs Technical Services Group. ManTech is honored to continue helping in this significant endeavor.
We are proud to continue our support to the MRAP program, added Kevin C. Cody, business unit president of ManTechs Systems Sustainment and Integrated Logistics business unit. We value the significance this program has to the safety of our nations warfighters.
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 and Justice, including the Federal Bureau of Investigation; the space community; the National Oceanic and Atmospheric Administration; and other U.S. federal government customers. We provide support to critical national security programs through 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 modernization and sustainment, systems engineering, and test and evaluation. 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. 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 those we anticipate include, but are not limited to, adverse changes in future levels of expenditures for programs we support caused by budgetary pressures facing the federal government and changing mission priorities; the failure to obtain option awards or funding under the contract; risk of contract performance, modification, or termination; the failure to maintain strong relationships with other contractors; and risks associated with complex U.S. government procurement laws and regulations. These and other risk factors are more fully discussed in the section entitled Risks Factors in ManTechs Annual Report on Form 10-K, filed with the Securities and Exchange Commission on Feb. 25, 2011, and from time to time in ManTechs other filings. The forward-looking statements included in this news release 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
Lauren Kushin, 703-218-6406
Source: ManTech International CorporationCopyright Business Wire 2012