MANT - MANT STOCK NEWS

ManTech International Corporation (Nasdaq: MANT) reported fourth-quarter revenues of $634 million, a slight decline from $638.8 million in 2020, with annual revenues rising to $2.55 billion. EBITDA margin improved to 9.8% for Q4 and 10.3% for the year. Net income fell 6% in Q4 to $30.1 million due to a higher tax rate but increased 14% annually. The company raised its quarterly dividend by 8% to $0.41, supported by strong cash flow from operations of $212 million. Contract awards totaled $601 million for Q4, with a backlog of $10.6 billion at year-end.

On February 9, 2022, ManTech announced the appointment of Stephen Deitz as Executive Vice President and General Manager for its Federal Civilian Sector. Reporting to COO Matt Tait, Deitz aims to enhance strategic operations to meet federal agency mission needs. Deitz, who has been with ManTech for 10 years, previously served as Senior Vice President of Strategic Operations. His experience includes leadership roles across defense and intelligence sectors and a background in healthcare consulting. Deitz holds a Master’s in Technology Management from the University of Maryland.

ManTech has secured a five-year, $118 million contract with the Naval Surface Warfare Center (NSWC) Crane to enhance Intelligence, Surveillance, and Reconnaissance (ISR) for unmanned aircraft systems, including the MQ-4C Triton. The contract, awarded under the DoD Information Analysis Center’s multiple-award vehicle, will incorporate model-based systems engineering and advanced cyber solutions. ManTech aims to deliver superior situational awareness and data security within defense operations, reinforcing its commitment to technological innovation in the military sector.

ManTech has secured a five-year, $88 million task order from the Naval Surface Warfare Center Dahlgren Division to provide Test and Evaluation (T&E) support for U.S. Navy weapons and combat systems. This contract includes comprehensive T&E for critical systems such as the Aegis Combat System and the Zumwalt-class destroyers. David Hathaway, ManTech's EVP, highlighted the company’s expertise and dedication in delivering effective T&E services to enhance Navy combat platform performance.

ManTech International Corporation (Nasdaq: MANT) will release its fourth quarter fiscal year 2021 earnings on February 23, 2022, after the market closes. A conference call to discuss the results will follow at 5 p.m. ET, with participation available through dial-in or via webcast on the Investor Relations section of the ManTech website. ManTech, providing technology solutions for defense and federal agencies, has over 53 years of experience in areas such as cyber, analytics, and IT.

ManTech International Corporation (Nasdaq: MANT) has successfully acquired Technical and Management Assistance Corporation (TMAC), a provider of advanced data engineering services for the U.S. Intelligence Community. This acquisition strengthens ManTech’s analytics capabilities, which are essential in managing vast data flows across SIGINT systems. TMAC, founded in 2008 and based in Columbia, Maryland, enhances ManTech’s offerings in data-centric solutions and systems engineering. The integration is expected to provide additional value to customers and expand ManTech's market presence.

ManTech International Corporation (Nasdaq: MANT) has successfully acquired Gryphon Technologies for $350 million in cash. This strategic acquisition enhances ManTech’s capabilities in the Defense Sector, adding 1,500 skilled professionals and expanding its customer base. Gryphon, founded in 1998, specializes in systems engineering and technology solutions for the Department of Defense. ManTech aims to leverage Gryphon's innovative capabilities to support national security and drive future growth.

ManTech has secured a $136 million contract to support research and development for the U.S. Marine Corps, under the DoD Information Analysis Center’s Multiple Award Contract. This five-year contract aims to enhance emerging capabilities aligned with Force Design 2030. By leveraging expertise in analytics, AI, and cyber operations, ManTech will aid the Marine Corps Warfighting Laboratory, ensuring operational dominance across various domains. The contract underscores ManTech’s commitment to providing advanced technology solutions for defense and security.

ManTech International Corporation (MANT) reported third-quarter fiscal 2021 results showing revenue of $638 million, relatively stable compared to Q3 2020. Notably, diluted EPS increased by 27% to $0.93, while adjusted diluted EPS rose by 22% to $1.01. Operating income climbed 35% to $53.3 million, and EBITDA reached $72.8 million, a 27% increase. Cash flow from operations was strong at $139 million. The company acquired Gryphon Technologies, enhancing its capabilities and supporting future growth.