ManTech International Corp. / MANT

About ManTech International Corp.

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

Industry: Aerospace And Defense | Category: Top 100 Companies

It was another solid year for ManTech. Revenue rose 16 percent, to $1.14 billion. Profit increased 15 percent.
The vast majority of ManTech's revenue — 95 percent — comes from contracts with the Defense and Homeland Security departments and U.S. intelligence agencies, the company says.
ManTech has continued to rack up such contracts. In February, it announced that it had won a five-year, $80 million contract to help manage replacement parts and computer systems on Army tanks, and a seven-year, $89 million anti-terrorism contract with the Defense Department. A month earlier, it was awarded a $49 million Navy contract to research and test sonar systems. The company said it was awarded more than $200 million in classified contracts last year. And it won a $725 million subcontract in September to support the Army's command and intelligence centers around the globe.
In a conference call with analysts in February, chief executive George J. Pedersen said the company was "well positioned to continue our double-digit growth into 2007."
That same month, the company announced it had sold off one of its troubled subsidiaries to Pedersen for $3 million.
The subsidiary, MSM Security Services, conducts background checks on applicants for federal security clearances. ManTech had high hopes for the company when it bought MSM for $4.6 million in 2003. But MSM has lost money for the past three years, and ManTech had been unable to sell it until February.

2007 Financial Data

Total employees: 5,600 | Local employees: 3,000