FAIRFAX, Va., June 26, 2015 (GLOBE NEWSWIRE) -- The U.S. Army Contracting Command has awarded ManTech International Corporation (Nasdaq:MANT) the Knowledge-Based Services (KBS) and Equipment-Related Services (ERS) components of the TACOM Strategic Solution Services (TS3) family of contracts. Both multiple-award, indefinite-delivery, indefinite-quantity contracts have 5-year periods of performance. The ceiling value of the KBS contract suite is $1.8 billion, and the ceiling for the ERS suite is $1.1 billion.
The TS3 family of contracts supports the U.S. Army TACOM Life Cycle Management Command and its subordinate and supported organizations, including program executive offices; depots; arsenals; the System of Systems Engineering and Integration Directorate; the U.S. Army Tank-Automotive Research, Development, and Engineering Center; the Integrated Logistics Support Center; and the Program Manager Light Armored Vehicles.
Under the KBS contract suite, ManTech will compete for task orders to provide engineering and technical services, logistics management services, management support services, and other professional services. Under the ERS contract suite, ManTech will compete for task orders to provide machine, system, and vehicle installation; maintenance; modification; overhaul; and repair.
"TACOM is not only one of the Army’s largest R&D organizations, but it also plays a critical role in ensuring the readiness of our ground combat forces," said Daniel J. Keefe, president and chief operating officer of ManTech's Mission Solutions & Services Group. “ManTech has long-supported TACOM, both at home and in the field, and we are pleased to continue this support through the TS3 family of contracts.”
About ManTech International Corporation
ManTech is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the Departments of Defense, State, Homeland Security, Energy, Veterans Affairs, and Justice, including the Federal Bureau of Investigation; the health and space communities; and other U.S. federal government customers. We provide support to critical national security programs for approximately 50 federal agencies through approximately 1,100 current contracts. ManTech's expertise includes cyber security; command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions and services; information technology (IT) modernization and sustainment; intelligence/counter-intelligence solutions and support; systems engineering; healthcare analytics and IT; global logistics support; test and evaluation; and environmental, range, and sustainability services. ManTech supports major national missions, such as military readiness and wellness, terrorist threat detection, information security and border protection. Additional information on ManTech can be found at www.mantech.com.
Statements and assumptions made in this press release, which do not address historical facts, constitute "forward-looking" statements that ManTech believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. These forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes we anticipate. Factors that could cause actual results to differ materially from the results we anticipate include, but are not limited to, the following: failure to obtain option awards, task orders, or funding under contracts; failure to realize the full amount of our backlog; renegotiation, modification, or termination of our contracts; or failure to perform in conformity with contract terms or our expectations. These and other risk factors are more fully discussed in the section entitled "Risk Factors" in ManTech's Annual Report on Form 10-K, and, from time to time, in ManTech's other filings with the Securities and Exchange Commission.
ManTech International Corporation Lynn Davis, 703-259-3636 email@example.com
Source:ManTech International Corporation