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ManTech International Corporation (Nasdaq:MANT) announced that it was awarded an Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract from the Department of Homeland Security (DHS) to provide a full range of program management support services to the nation's Secure Border Initiative (SBI). The competitively awarded, single-award IDIQ program, which was awarded to ManTech in the fourth quarter, has a base-year and two option years and a total potential value of $98.8 million.
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ManTech will support the DHS Customs and Border Protection (CBP), SBI Program Office, whose mission is to promote border security strategies that protect against and prevent terrorist attacks and other transnational crimes. The SBI Program Office coordinates DHS efforts to ensure the legal entry and exit of people and goods moving across our borders and the enforcement of immigration, customs, and agriculture laws at our borders, within the country, and abroad. They also manage the development, deployment, and integration of SBI acquisition programs,
ManTech will support SBI program management activities which may include systems engineering, operational requirements, integrated logistics, environmental planning, and budget and financial management.
'SBI's charter to enhance border security and to manage the development, deployment, and integration of border technology solutions is a mission-critical and highly complex task. SBI must identify operational needs and requirements, develop new capabilities, and deploy an effective mix of new and commercially available technologies and systems,' said Larry Prior, President and Chief Operating Officer, ManTech International Corporation. 'ManTech has extensive experience successfully applying systems engineering to complex development, acquisition, and operational programs for the military services, DARPA, NASA, DHS and other federal government agencies. We are committed to the success of the SBI Program Office as we apply these systems engineering skills in support of CBP and DHS.'
About ManTech International Corporation:
Headquartered in Fairfax, Virginia with approximately 8,000 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; National Oceanic and Atmospheric Administration; and other U.S. federal government customers. ManTech's expertise includes systems engineering, systems integration, software development services, enterprise architecture, cyber security, information assurance, intelligence operations and analysis support, network and critical infrastructure protection, information operations and information warfare support, information technology, communications integration, global logistics and supply chain management, and service oriented architectures. 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 40 countries. In 2008, BusinessWeek magazine chose ManTech for its 'InfoTech 100' listing representing the best performing tech companies in the world; Forbes.com named ManTech as one of the 400 Best Big Companies in the nation; and A-Space, a Web 2.0 enhanced collaboration tool that ManTech developed for the Intelligence Community was named one of the Top 50 Inventions of the Year by Time magazine. Also in 2008, GI Jobs magazine named ManTech a Top Ten Military Friendly Employer for the third year in a row. 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 consolidations; 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; risks of financing, such as increases in interest rates and restrictions imposed by our credit agreement; risks related to an inability to obtain new or additional financing; 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 February 27, 2009, 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.