FAIRFAX, Va., July 30, 2015 (GLOBE NEWSWIRE) -- The Defense Intelligence Agency (DIA) has awarded ManTech International Corporation (Nasdaq:MANT) a prime contract to provide IT modernization and logistics management support to the agency. The time and materials contract has a base year period of performance with 4 option years. The task order has a potential value of $278.5 million.
This is a new award to ManTech as a prime on DIA’s multiple indefinite delivery, indefinite quantity contract vehicle known as Solutions for the Information Technology Enterprise (SITE) vehicle.
"We look forward to continuing our support to the DIA through this new task order," said L. William Varner, president of ManTech's Mission, Cyber & Intelligence Solutions (MCIS) Group. “As the threat landscape continues to evolve, IT modernization and logistics management is even more critical to ensuring mission success and continuity to dedicated professionals across the globe.”
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 1,100 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.
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. 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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