Welcome to our dedicated page for MANT news (Ticker: MANT), a resource for investors and traders seeking the latest updates and insights on MANT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MANT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MANT's position in the market.
ManTech has secured a $100 million contract with the U.S. Naval Air Warfare Center to enhance aircraft combat systems. This five-year contract involves providing engineering and technical services, including research, development, and training support, to ensure naval air superiority. ManTech's experience with NAWCAD over the past decade underscores its capability for this mission. The focus will be on updating training and operational procedures affected by software changes in weapon systems.
ManTech announced a significant $337 million contract with the Naval Surface Warfare Center to support the Navy Continuous Training Environment (NCTE), aimed at enhancing live, virtual, and constructive training capabilities. Over four years, ManTech will provide engineering and technical services, building on its 15-year expertise in military training technologies. This initiative is crucial for U.S. military operations, fostering interoperability among Navy, Joint, and coalition partners. The program will address operational challenges while supporting advanced warfare concepts to maintain maritime superiority.
ManTech has secured a $115 million contract with the U.S. Marine Corps Systems Command to enhance intelligence capabilities and tackle cyber defense challenges. This task order, awarded under the DoD Information Analysis Center’s Multiple Award Contract, will expand ManTech's support in testing intelligence systems, develop autonomous systems, and improve information sharing and cybersecurity analysis. The contract aims to deliver advanced solutions for timely intelligence that support decision-making across various operational environments.
ManTech announces leadership changes as Kevin M. Phillips transitions to Chairman of the Board, retiring as CEO and President. Matt Tait, the current COO, is appointed as the new CEO and President. This leadership shift is effective immediately, highlighting Tait's integral role in executing strategic plans with Phillips over the past four years. The changes coincide with ManTech's partnership with Carlyle, aiming to enhance business operations.
ManTech International Corporation (Nasdaq: MANT) has completed its sale to Carlyle for approximately $4.2 billion in an all-cash transaction. Shareholders will receive $96.00 per share, and following the completion, ManTech’s stock will no longer trade on NASDAQ. Carlyle aims to leverage its resources to enhance ManTech's growth and customer value in national security technology solutions. ManTech will continue operating from its Herndon, Virginia headquarters with a seamless transition for employees and customers expected.
On September 7, 2022, ManTech International Corporation (MANT) announced stockholder approval for its merger with Carlyle, with stockholders set to receive $96.00 per share in cash. Over 99% of votes were cast in favor of the merger at the Special Meeting. ManTech's CEO, Kevin M. Phillips, expressed gratitude for stockholder support and highlighted the merger's potential for delivering immediate value and enhancing customer outcomes. The transaction is expected to close during the week of September 12, 2022, pending customary closing conditions.
ManTech (MANT) has secured a significant $184 million contract with the U.S. Naval Sea Systems Command to provide advanced technical engineering services for Integrated Warfare Systems (IWS) Combat Management Systems. This five-year contract will enhance lifecycle management for all U.S. Navy surface ships. With expertise in model-based systems engineering and agile software development, ManTech aims to improve response times to airborne attacks and bolster national security through efficient system deployment.
ManTech Shareholders to Receive $96.00 per Share
On May 16, 2022, ManTech International Corporation (Nasdaq: MANT) announced a definitive agreement to be acquired by Carlyle, totaling approximately $4.2 billion. Shareholders will receive $96.00 per share, a 32% premium over the stock's closing price of $72.82 before acquisition discussions. The transaction, backed by ManTech's Board of Directors, is projected to close in H2 2022, pending shareholder and regulatory approvals. Carlyle aims to enhance ManTech's growth and value in national security services.
ManTech International Corporation (Nasdaq: MANT) reported Q1 2022 revenue of $676 million, a 6.7% year-over-year increase. Operating income reached $43.8 million, while net income fell to $31.3 million, leading to a diluted EPS of $0.76. The company maintained its 2022 guidance for revenue and adjusted EPS, expecting revenue between $2.6 billion and $2.7 billion. Bookings totaled $464 million, resulting in a book-to-bill ratio of 0.7. Cash from operations was $34 million, and the company declared a quarterly dividend of $0.41.
ManTech International Corporation (Nasdaq: MANT) will release its first-quarter fiscal year 2022 earnings on May 4, 2022, after market close. A conference call will follow at 5 p.m. ET to discuss the financial results. Analysts can join by calling (877) 638-9567 (domestic) or (253) 237-1032 (international), using pass code 4163436. The call will be publicly webcast on the Investor Relations section of ManTech's website and available for replay afterward. ManTech focuses on technology solutions for U.S. defense, intelligence, and federal civilian agencies.
FAQ
What is the market cap of MANT (MANT)?
