(By Balaseshan) ManTech International Corp. (NASDAQ: MANT) said its joint venture team received a contract worth $23 million to support the Marine Corps Warfighting Laboratory.
Marine Corps Base Quantico – National Capital Region (RCO-NCR) awarded the joint venture team of ManTech and Genex Systems LLC, dubbed GenTech partners, a prime contract.
GenTech Partners will provide the Marine Corps Warfighting Laboratory (MCWL) with a full range of engineering, analytical, technical, and business services. The MCWL works closely with the Office of Naval Research and the Defense Advanced Research Projects Agency.
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The MCWL was established in 1995 with the mandate to develop the future vision and map the future capabilities for the Marine Corps as an integral part of the combat development process.
"The Marine Corps Warfighting Laboratory plays an important role in the technological advancement of Marine Corps capabilities. We have established a strong working relationship with our joint venture partner, Genex, and we look forward to contributing to the continued effectiveness of the Marine Corps warfighter," said Louis Addeo, president and chief operating officer of ManTech's Technical Services Group.
ManTech is a provider of technologies and solutions for mission-critical national security programs for the intelligence community; Departments of Defense (DOD), state, homeland security, energy and justice, including the Federal Bureau of Investigations (FBI); the space community, and other United States federal government customers
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MANT is trading up 0.08 percent at $25.52 on Friday. The stock has been trading between $19.74 and $37.16 for the past 52 weeks.