ManTech Wins $123 Million FBI Contract for Information Security Services

Rhea-AI Summary

ManTech (Nasdaq: MANT) has been awarded a significant contract to support the FBI with advanced technology solutions, focusing on Information Systems Security. This contract spans a base period of one year, with the potential to extend up to five years. ManTech's Cognitive Cyber will enhance FBI cybersecurity initiatives, providing critical strategy, training, and services. Senior Vice President Bryce Pippert emphasized the importance of this partnership in protecting vital IT systems and national security against evolving threats.

Positive

• Awarded a significant contract with the FBI for cybersecurity solutions.
• Potential contract duration of up to five years enhances long-term revenue visibility.
• Deployment of Cognitive Cyber is a key differentiator, strengthening market position.

Negative

• None.

HERNDON, Va., May 11, 2021 (GLOBE NEWSWIRE) -- ManTech (Nasdaq: MANT) announced today that it has been awarded a contract to support the FBI with sophisticated technology solutions and expertise that deliver Information Systems Security, Management and Maintenance. The contract is for a base period of one year with the potential total performance period of five years if all options are exercised.

ManTech’s Cognitive Cyber, a key market differentiator, will support FBI cybersecurity stakeholders and help drive the mission of providing cybersecurity strategy, training and services for the FBI enterprise.

“In today’s world of high-tech criminals and terrorists, ManTech is excited to be selected as a trusted partner in providing sophisticated solutions that accelerate the ability to identify, stop and apprehend bad actors, and at the same time provide round-the-clock protection for vital IT systems and data,” said Bryce Pippert, Senior Vice President and General Manager of ManTech’s Federal Civilian Sector. “We are proud to support law enforcement in safeguarding national security on the home front.”

About ManTech
ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence community and federal civilian agencies. In business more than 52 years, we excel in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com.

Media Contact:

Jim Crawford
ManTech
Executive Director, External Communications
(M) 571.446.7550
James.Crawford2@ManTech.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1cbc097c-efe3-4fa1-8f4e-b97add86957f

FAQ

What contract has ManTech been awarded by the FBI?

ManTech has been awarded a contract to provide advanced technology solutions and Information Systems Security support to the FBI.

What is the duration of ManTech's contract with the FBI?

The contract has a base period of one year, with the potential to extend up to five years if all options are exercised.

How will ManTech's Cognitive Cyber benefit the FBI?

Cognitive Cyber will enhance FBI cybersecurity efforts, providing strategic support, training, and services.

What is the significance of ManTech's contract for investors?

The contract with the FBI enhances ManTech's revenue prospects and strengthens its market position in cybersecurity.