ManTech International / MANT

About ManTech International

12015 Lee Jackson Hwy., Fairfax, Va. 22033
www.mantech.com | 703-218-6000 | Founded: 1968

Industry: Aerospace And Defense | Category: Public Companies

This was a banner year for ManTech, which benefited from the government's war on terrorism, with $1.94 billion in contracts in 2005, a 51 percent increase from 2004. The company now has a contract backlog of $2.34 billion. Its revenue reached $980 million, a nearly 20 percent increase from the year before. The majority of the revenue came from contracts with the departments of Defense and Homeland Security and intelligence agencies; those agencies made up 94 percent of ManTech's business.
Among its new contracts in 2005 were a $34.9 million award from the Navy to design and develop new military products; a $27.5 million contract from the Air Force to provide security services for the Joint Strike Fighter program; and a $27.7 million award from the Army Field Support Command to manage property in Afghanistan.
In June, the company completed its purchase of Alexandria-based Gray Hawk Systems for $100 million. ManTech noted in announcing the acquisition that more than 90 percent of Gray Hawk's 500 employees are cleared for national security, with more than two-thirds at higher levels. One of ManTech's continuing challenges as it expands is finding top-level engineers and employees who can meet rigorous security clearance standards.

2005 Financial Data

Revenues: $980,290,000 | Net Income: $44,193,000
Asssets: $555,985,000 | Earnings Per Share: $1.33
Total employees: 6,000 | Local employees: 3,200