logo
  Join        Login             Stock Quote

Mantech (MANT) Receives Advisory Contract From Combating Terrorism Technical Support Office

 January 18, 2013 12:23 PM
 


(By Balaseshan) Mantech International Corp. (NASDAQ: MANT), which provides technologies for national security programs, said it has received a contract to provide scientific, engineering, technical, and administrative support to the Combating Terrorism Technical Support Office (CTTSO).

The cost-plus-fixed fee contract, with a potential value to ManTech of $33.5 million, has a one-year base period and two one-year options, the company noted.

Under the contract, ManTech will continue to provide the CTTSO and its subordinate offices with Advisory and Assistance Services (A&AS) and Systems Engineering and Technical Assistance (SETA) services.

[Related -Mantech International (MANT) Closes Purchase Of ALTA Systems]

On January 9, the company said it has closed the purchase of ALTA Systems Inc., which provides IT and professional services to government and private industry, of Fairfax, Virginia. ManTech used available cash to finance the acquisition. It does not expect the transaction to have a material impact on its 2013 financial results.

The acquisition will enable ManTech to deliver technology services through ALTA's prime position on the Centers for Medicare and Medicaid Services (CMS) Enterprise Systems Development (ESD) contract, an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract vehicle with a $4 billion ceiling and period of performance through May 2018.

MANT is trading down 0.99% at $26 on Friday. The stock has been trading between $19.74 and $37.16 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageThe Sixty Percent Alibaba Play No One Is Talking About

It's official: Chinese e-commerce juggernaut Alibaba (NYSE: BABA) goes down as the biggest U.S. IPO in read on...

article imageThe Finer Points Of Hedging… Or Not

Barry Ritholtz asks the right question—Why hedge?–in the wake of last week’s announcement that California read on...

article imageBulls Leverage Hopeful News to Launch a Tepid Breakout Attempt

Stocks were able to leverage some optimistic news and dovish words from the Fed to take another stab at an read on...

article imageG-20 Minus One Country Plus 900 Bullet Points Equal 2 Percentage Points of Extra Growth?

For investors, the G-20’s super-secret plan to make the world grow faster is more a sideshow than a reason read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.