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ManTech Secures Multi-Million Dollar Contract From DHS

Published 08/24/2016, 08:54 AM
Updated 07/09/2023, 06:31 AM

ManTech International Corporation (NASDAQ:MANT) was recently awarded a prestigious contract worth $24 million by The Department of Homeland Security (DHS). Per the contract, ManTech will develop a highly advanced operational data system for instantaneous situational awareness which will enhance border security.

This service will be provided across various locations in the U.S and at the U.S. Customs and Border Protection headquarters, located in Washington, D.C. The project is expected to be completed by Mar 10, 2019. The contract has a base period of performance of one year, which can be extended by additional two years.

Earlier this year, the company was awarded a contract by the U.S. Department of Defense, worth approximately $44.2 million, to provide operational and user maintenance and software maintenance support to the system.

Per Daniel J. Keefe, President and COO of ManTech, the company takes pride in continuing its relationship with the U.S. Customs and Border Protection. The company has been providing the U.S. agency with innovative solutions to enhance the security operations in the border areas.

Since the beginning of the year, ManTech has been securing defense contracts, which are likely to boost revenues and enhance its position in the market. The company continues to work closely with the U.S. agencies, providing expert security services. Such prestigious contracts will augment the company’s goodwill and reliability in the market.

Based in Fairfax, VA, ManTech provides technical support to critical national security programs to approximately 50 federal agencies, through roughly 1,000 contracts. ManTech delivers a broad array of information technology and technical services solutions to the U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. The company designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructure for federal government customers in the U.S. and worldwide.

Currently, ManTech carries a Zacks Rank #3 (Hold). Some stocks in the same industry worth considering include NCI, Inc. Carbonite, Inc. (NASDAQ:CARB) , Ebix Inc. (NASDAQ:EBIX) and Forrester Research Inc. (NASDAQ:FORR) . Carbonite sports a Zacks Rank #1 (Strong Buy), whereas Ebix and Forrester Research carry a Zacks Rank #2 (Buy).

MANTECH INTL -A (MANT): Free Stock Analysis Report

EBIX INC (EBIX): Free Stock Analysis Report

FORRESTER RESH (FORR): Free Stock Analysis Report

CARBONITE INC (CARB): Free Stock Analysis Report

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