ManTech International Corporation (MANT) - 500 Beiträge pro Seite

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Profile:ManTech International Corporation information technology and technical services solutions to United States 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 intelligence processing infrastructures for its customers. The Company delivers information technology and technical services solutions for mission-critical, enterprise information technology and communication systems through three principal areas of expertise, which are offered separately or in combination across its customer base: Secure Systems and Infrastructure Solutions, Information Technology Solutions and Systems Engineering Solutions.
http://www.mantech.com





Tuesday May 7, 5:08 pm Eastern Time
Reuters Company News
ManTech earnings rise on State Dept. and Army business

FAIRFAX, Va., May 7 (Reuters) - Defense information technology firm ManTech International Corp. (NasdaqNM:MANT - news) on Tuesday said first-quarter earnings were up from last year, due to expanded business with the U.S. State Department and a division of the U.S. Army.

The company said net income for the quarter rose to $4.6 million, or 20 cents a share, from $1.7 million, or 9 cents a share, last year.

Fairfax, Virginia-based ManTech`s earnings beat Wall Street expectations. The mean earnings estimate of analysts polled by Thomson Financial/First Call was 17 cents a share.

The company also said it expects to earn $4.7 million to $4.8 million, or 18 cents a share, on revenues of $114 million to $115 million in the second quarter. For the fiscal year, the company expects to earn $19.6 million to $19.8 million, or 76 cents to 77 cents a share, on revenues of $469 million to $470 million.

ManTech said it it expected budget increases for the Department of Defense and the intelligence community to fuel continued growth in 2002 and 2003.

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Monday July 1, 5:43 pm Eastern Time
Reuters Company News
ManTech to buy private Aegis Research for $70 million

FAIRFAX, Virginia, July 1 (Reuters) - Defense information technology firm ManTech International Corp. (NasdaqNM:MANT - News) said on Monday it would buy technical support firm Aegis Research for $70 million cash to gain access to niche customers in the defense and intelligence communities.

ManTech, based in Fairfax, Virginia, said the deal, seen closing by July 31, is expected to add 2 cents a share to its 2002 earnings, to about 78 cents or 79 cents a share, and to add 13 cents a share in 2003.

Aegis, which provides technical support in the areas of strategy, security and counterintelligence to the Defense Department and the U.S. intelligence community, is expected to have $60 million of revenue for 2002, ManTech said.

ManTech shares closed at $23.22, down 77 cents, on Monday on the Nasdaq.

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GSE Systems Announces Plant Security Initiatives for the Chemical Industry
COLUMBIA, Md., July 18 /PRNewswire-FirstCall/ -- GSE Systems, Inc. (GSE) (Amex: GVP - News), a leading global provider of real-time simulation and process control solutions for the energy and process industries, announced today initiatives to provide revolutionary products and services to the chemical industry. In support of the American Chemical Council`s Responsible Care® Program, adopted by many chemical companies in an effort to improve chemical plant safety and security, GSE has entered into agreements with ManTech Security Technologies Corporation (MSTC), Protection Strategies Inc. (PSI), and MECx to provide a full range of vulnerability and threat assessment services. GSE will also provide physical security systems for access control, intrusion detection and cyber security.

The American Chemical Council is leading an industry driven initiative to improve chemical plant security. This Responsible Care® Program will require all members to assess the vulnerabilities of their plant security, including both physical security and cyber security for information systems and process control equipment. The GSE`s team consists of leading companies with capabilities in conducting threat assessments, vulnerability assessments, and in developing cost- effective risk mitigation strategies. MSTC, a subsidiary of Fairfax, Virginia-based, ManTech International Corporation (Nasdaq: MANT - News) has provided similar security services for numerous government agencies including the Departments of State and Energy. PSI specializes in on-site security surveys, vulnerability and risk assessments, critical infrastructure protection, and physical security, to include protective force services. MECx, a veterans` owned, small business, provides expertise in assessing environmental, health and safety issues to provide solutions that encompass the entire operating environment in a plant.

GSE provides two unique capabilities to this team. GSE`s plant simulation technology will be used to help customers determine plant vulnerabilities, assess consequences, evaluate time lines, and evaluate procedural changes that can help mitigate plant risks. In addition, GSE`s Alarm, Access, Reporting and Detection System (GAARDS), which is the nuclear industry`s most powerful and versatile access control and intrusion detection system, is ideally suited for large industrial applications such as chemical plants. GAARDS includes personnel tracking and automatic emergency response reporting to aid recovery forces in the event of an emergency.

Cyber security concerns for process control equipment are being uniquely addressed by GSE through the use of its security system (GAARDS). GSE`s security system ensures the operators taking action on the control system are verified using biometric identification. Additionally, the system can validate that the operator has the authorization and required training qualifications to operate the plant.

"GSE is providing truly unique capabilities in the area of chemical plant security through the combination of expertise from our partners, plus our unique application of GAARDS with our process control equipment," said Jerry Jen, GSE`s President and Chief Operating Officer.

More information on GSE and its team members can be found at the following websites: http://www.gses.com, http://www.mantech.com, http://www.protectionsi.com, and http://www.mecx.net .

Responsible Care is a registered trademark of the American Chemical Council.

GSE Systems, Inc. is a real-time simulation, process control, and automation company with three decades of experience, over 500 applications, and 200 customers in more than 30 countries. Our software, hardware and integrated solutions leverage proven technologies to deliver real-world business advantages to the process and power industries worldwide including specialty chemical, food and beverage, petroleum refining, pharmaceutical, and fossil and nuclear power generation. GSE Systems is headquartered in Columbia, Maryland with offices throughout the United States. Our global locations include offices in Japan and Sweden. Information about GSE Systems is available via the Internet at http://www.gses.com .

This news release contains forward-looking statements that involve risks and uncertainties. The actual future results of GSE Systems may differ materially due to a number of factors, including but not limited to delays in introduction of products or enhancements, size and timing of individual orders, rapid technological changes, market acceptance of new products and competition. These and other factors are more fully discussed in the Company`s annual report on Form 10-K for the year ended December 31, 2001 as filed with the Securities and Exchange Commission.

SOURCE: GSE Systems, Inc.

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Tuesday July 30, 2:42 pm Eastern Time
Reuters Company News
Mantech sees quarterly earnings above estimates

(Adds background, details throughout, updates stock price)

FAIRFAX, Va., July 30 (Reuters) - Defense information technology firm ManTech International Corp. (NasdaqNM:MANT - News) said on Tuesday it expected quarterly profit and revenue to come in higher than its earlier forecast due to strength in its defense and intelligence business.
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ManTech`s announcement follows a string of strong quarterly profit reports from U.S. defense contractors, which have benefited from the U.S. war on terrorism and the focus on homeland security following the Sept. 11 attacks.

ManTech`s shares rose $2.37, or 14.03 percent, to $19.00 in Tuesday afternoon trading on the Nasdaq stock market. The Standard & Poor`s Aerospace and Defense index (^GSPAERO - News) was up 1.06 points, or 0.47 percent, to 227.07.

Previously, the company, which designs and tests information technology and communications systems for the defense community, had forecast second-quarter revenue between $114 million and $115 million and earnings per share of 18 cents.

"We remain confident in the defense and intelligence marketplace based on projected expenditures by the federal government currently being finalized in the Congressional appropriations process." ManTech Chairman and Chief Executive George Pedersen said in a statement.

The Fairfax, Virginia-based company plans to release second-quarter earnings on Aug. 13. ManTech said it issued the preannouncement because some of its executives will be speaking at investor conferences in the next few weeks.

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ManTech Reports 2002 Second Quarter Results
FAIRFAX, Va.--(BUSINESS WIRE)--Aug. 13, 2002--ManTech International Corporation (Nasdaq:MANT - News)

Revenue increases to $119.2 million, up 12.8% from 2001
Income from Continuing Operations rises 43.7% to $5.7 million compared with $3.9 million in 2001
7.8% Return on Sales from Operating Income
Aegis Research Corporation acquisition completed on August 5, 2002
ManTech International Corporation (Nasdaq:MANT - News) today announced its operating results for the second quarter ended June 30, 2002. Revenue for the second quarter was $119.2 million, up from $105.6 million for the same period in 2001, an increase of 12.8%. Income from continuing operations for the period increased 43.7% to $5.7 million, compared with $3.9 in the second quarter of 2001. Net income for the second quarter of 2002 was $4.9 million up from $2.0 million for the same period last year. ManTech`s Operating Income Return on Sales was 7.8% for the second quarter, up from 6.6% for the same period last year.

After adjusting second quarter 2001 interest income increases, interest expense reductions (net of tax), and shares outstanding for the company`s IPO as if it occurred on February 12, 2001 for pro forma comparison with the current period, second quarter fully diluted earnings per share from continuing operations increased from $0.18 in 2001 to $0.21 in 2002, exceeding the consensus earnings estimate of $0.18 published by analysts who cover ManTech. Fully diluted earnings per share under GAAP for the second quarter ending June 30, 2002 were $0.18 compared to $0.11 for the second quarter of 2001.

ManTech International Corporation Chairman of the Board, CEO and President, George J. Pedersen commented on the strong results noting, "In the second quarter, solid revenue growth and earnings expansion resulted in another strong quarter. We anticipate that current positive defense and intelligence budget and spending trends will continue into 2003." Pedersen concluded, "ManTech is well positioned to take advantage of expansion opportunities in the national security marketplace: we have the technical expertise, performance experience and, most importantly, teams of qualified cleared personnel necessary to support the Department of Defense and the intelligence community in their technology requirements as they respond to today`s national security priorities."

Operational Highlights:

Completed Aegis Research Corporation acquisition on August 5, 2002.
Continued expansion of homeland security work as part of alliance with Parsons Corporation. ManTech is engaged in vulnerability assessment and risk mitigation strategy development for New York City, Miami, and Chicago. Similar projects also underway with government customers in Michigan and Nevada.
Expanded work for the Army supporting international operations and overseas deployments.
Expanded security related work for the State Department, including a $53 million GSA delivery order supporting the Diplomatic Security Bureau at the State Department.
Awarded $31 million contract with long-standing Naval Air Systems Command customer for test and evaluation work. Maintained subcontract positions on other winning contract proposals with the Naval Air Systems Command.
Awarded delivery orders totaling $6.3M for acoustic engineering, data analysis, and technical program support engineering support of the Naval Systems Warfare Center (NSWC), Carderock Division.
Awarded Immigration and Naturalization Service (INS) General Services Administration Blanket Purchase Agreement (BPA) for Human Resources and Equal Opportunity Employment Services. Under the contract, ManTech will provide investigative services to INS as part of its effort to ensure that academic institutions with foreign students and exchange visitors comply with recently strengthened reporting requirements as part of new homeland security initiatives. ManTech was one of three companies awarded the BPA, which is expected to have a five year value of $25 million.
Awarded subcontract by PlanetGov under a DoD Military Health System IT support contract. Under the PlanetGov contract, which includes a base year and four one-year options, ManTech will provide network engineering support and related services. ManTech will focus on the international element of the contract, leveraging its experience in supporting US military operations overseas.
Key Performance Metrics: At June 30, 2002, the company`s backlog was $1,096 million, of which $202 million was funded. On the same date in 2001, the company`s backlog was $755 million of which $220 million was funded. In addition, the company`s GSA schedule contract value on June 30, 2002 was $939 million, up from $246 million on the same date in 2001, an increase of 282%. This represents a total June 30, 2002 backlog, combined with GSA schedule contract value, of $2,035 million, an increase over 2001 of $1,035 million or 103.4%. The company determines its GSA schedule contract value by multiplying the average monthly amount of funded work that it has been awarded under each of its GSA schedule contracts over the past 12 months, by the number of months remaining in the term of those contracts, including existing options, except that it does not take into account remaining contract terms of more than 72 months. ManTech derived approximately 39.6% of its revenues for the quarter ended June 30, 2002 from work under GSA schedule contracts, compared with approximately 30.9% for 2001.

For the quarter ended June 30, 2002, ManTech derived over 96% of its revenue from Federal Government contracts on which it served as either prime or subcontractor, consistent with the level for the same period in 2001. Revenue from the Department of Defense and the intelligence community accounted for approximately 86.4% of revenue for the second quarter ending June 30, 2002, up from 84.5% for the same period in 2001.

Revenue from secure systems and infrastructure solutions accounted for approximately 55.5% of revenue in the second quarter compared with 48.1% in 2001. Information technology solutions represented approximately 19.2% of revenue for the quarter, compared with 20.8% for the same period in 2001. Systems engineering accounted for approximately 25.3% of second quarter revenue, compared with 31.1% in 2001.

Commenting on the results, ManTech Executive Vice President and CFO, John A. Moore, Jr. said, "In the second quarter, ManTech delivered strong organic top-line growth and margin improvement as we expanded work on existing programs in our fastest growing service areas, secure systems and information technology solutions."

Aegis Research Corporation Acquisition: ManTech completed its acquisition of Aegis Research Corporation on August 5, 2002, the company`s first acquisition after its IPO in February 2002. Aegis Research now operates as ManTech Aegis Research Corporation under the National Security Solutions Group, ManTech`s largest group, led by Executive Vice President, Evan Hineman, former CIA Deputy Director for Science and Technology. Hineman will serve as the new company`s president while long time Aegis Research Corporation executive and former CIA Executive Director, Robert M. (Rae) Huffstutler will continue to manage day-to-day operations as Executive Vice President and Chief Operating Officer.

Commenting on the transaction, George J. Pedersen again affirmed the strategic importance of the acquisition stating, "Aegis Research expands significantly ManTech`s presence in key DoD and intelligence community customer programs, and positions us well to take advantage of growth in this marketplace. The combined strength of ManTech and Aegis Research will increase the number of our employees with Top Secret security clearances to approximately 1500, over 1000 of whom will have Sensitive Compartmented Information (SCI) access. We continue to see this large base of cleared professionals as an important asset and discriminator for our company given our sharp focus on supporting priority national security programs."

ManTech estimates Aegis Research`s 2002 revenue to be approximately $60.0 million, of which ManTech expects to recognize $26.7 million in 2002, $8.9 million in the third quarter and $17.8 million in the fourth. Aegis Research has demonstrated strong organic revenue growth in the recent past, achieving a CAGR of 22% since 1998. Aegis Research`s Operating Income Return on Sales is expected to be 8% for 2002. ManTech stated that the new entity will be accretive to ManTech`s earnings immediately. Additional financial guidance is provided below.

As reported previously, using proceeds from its IPO, ManTech paid approximately $69.1 million for Aegis Research Corporation. The price of the transaction equates to approximately 14x Aegis Research`s 2002 estimated EBITDA. The purchase price does not reflect tax treatment related to the deduction of goodwill which will result in a cash benefit to ManTech of $24.4 million over 15 years. In response to questions regarding the purchase price, John A. Moore, Jr., stated, "We are very comfortable with the purchase price of this transaction based on Aegis Research`s strong organic growth and track record of profitability; this company occupies a unique market niche which has significant growth potential."

Aegis Research supports key customers and programs within the Department of Defense (DoD) and national intelligence community, including the National Reconnaissance Office (NRO), the United States Air Force, The Joint Strike Fighter Program Office, and the Counterintelligence Field Activity Program under the DoD. Aegis Research also supports numerous other classified customers on special access programs.

Aegis Research provides expert technical support services in the following core areas: information operations (policy, strategy, analysis); information security (computer forensics, intrusion analysis, penetration testing, and network simulation); threat analysis, characterization, countermeasures and risk management; mission planning and simulation; security implementation and operations security; enterprise protection planning; and security awareness and training.

Discontinued Operations: ManTech`s discontinued operations include three foreign and two domestic commercial businesses. As reported previously, as of April 30, 2002, negotiations for the sale of the U.S.-based Environmental consulting business, the China-based consulting business and the U.S.-based application hosting business have concluded. On August 8, 2002, ManTech completed a transaction to sell the United Kingdom-based banking IT business which resulted in an additional loss (net of tax) of approximately $795 thousand dollars. The unanticipated additional loss is primarily the result of terms and conditions in the business sale agreement related to contract contingencies and employee severance payments, required by UK law. With the completion of this transaction, the sole remaining discontinued operation for disposition is the Australia-based software solutions and IT consulting business. ManTech expects to complete a transaction to sell this business during calendar year 2002. The reason for delay from the previous guidance remains a deteriorating market for the sale of commercial technology businesses in Australia. Despite the adjustment to the estimated closing date, no additional charges are anticipated to discontinued operations at this time.

Company Guidance:

ManTech has revised its fiscal year 2002 and 2003 earnings guidance based on the positive business prospects described above and the acquisition of Aegis Research Corporation. The projected results do include the effects on operations and shares outstanding from the acquisition of Aegis Research Corporation, but do not reflect any future acquisition transactions:


Financial Guidance
(Dollars in Millions except per share amounts)

-------------------------- -----------------------
Core ManTech International ManTech Aegis Research
Corporation Corporation
-------------------------- ----------------------

Full Full Full Full
Q3 Year Year Q3 Year Year
2002 2002 2003 2002 2002 2003
---- ---- ---- ---- ---- ----

Revenue 121.4 474.7 522.0 8.9 26.7 69.0

Income
From
Continuing
Operations 5.6 21.4 24.6 0.3 0.9 3.1

Fully
Diluted
Earnings
Per Share 0.21 0.83 0.91 0.01 0.03 0.12

Weighted
Average
Shares
Outstanding 26,771 25,793 27,000 26,771 25,793 27,000

Revenue
Growth %
Period over
Period 15.0% 10.0% 10.0%

Operating
Income
ROS % 8.0% 7.7% 8.0% 8.0% 8.0% 9.3%

EBITDA % 8.6% 8.3% 8.5% 8.8% 8.7% 9.8%


-----------------------------------
Consolidated
----------------------------------

Q3 Full Year Full Year
2002 2002 2003
---- ---- ----


Revenue 130.3 501.4 591.0

Income
From
Continuing
Operations 5.9 22.3 27.7

Fully
Diluted
Earnings
Per Share 0.22 0.86 1.03

Weighted
Average
Shares
Outstanding 26,771 25,793 27,000

Revenue
Growth %
Period over
Period 23.5% 16.2% 17.9%

Operating
Income
ROS % 8.0% 7.7% 8.2%

EBITDA % 8.6% 8.3% 8.7%




Summary Financial Tables Follow
MANTECH INTERNATIONAL CORPORATION
Summary - Financial Tables
(Dollars in Thousands except per share amounts)

Three Months Ended Six Months Ended
June 30, June 30,
------------------ ----------------
2002 2001 2002 2001
---- ---- ---- ----
REVENUES $119,168 $105,627 $227,302 $210,708
COST OF SERVICES 97,280 86,623 185,890 173,056
----------- ----------- ----------- -----------
GROSS PROFIT 21,888 19,004 41,412 37,652
----------- ----------- ----------- -----------
ROS % 18.4% 18.0% 18.2% 17.9%

COST AND EXPENSES 12,573 12,085 24,494 23,347
----------- ----------- ----------- -----------
INCOME FROM
OPERATIONS 9,315 6,919 16,918 14,305
ROS % 7.8% 6.6% 7.4% 6.8%

Interest expense
(income) (14) 771 203 1,578
Other income (225) (749) (522) (1,192)
----------- ----------- ----------- -----------

INCOME BEFORE
PROVISION FOR INCOME
TAXES AND MINORITY
INTEREST 9,554 6,897 17,237 13,919
Provision for income
taxes (3,896) (2,953) (7,004) (5,959)
Minority interest (1) (7) (3) (14)
----------- ----------- ----------- -----------
INCOME FROM
CONTINUING OPERATIONS 5,657 3,937 10,230 7,946
Loss from discontinued
operations - net (795) (1,907) (795) (4,268)
----------- ----------- ----------- -----------

NET INCOME $4,862 $2,030 $9,435 $3,678
=========== =========== =========== ===========
ROS% 4.1% 1.9% 4.2% 1.8%

BASIC EARNINGS (LOSS)
PER SHARE:
Income from
continuing
operations $0.21 $0.21 $0.42 $0.43
Loss from
discontinued
operations (0.03) (0.10) (0.03) (0.23)
----------- ----------- ----------- -----------
$0.18 $0.11 $0.39 $0.20
----------- ----------- ----------- -----------
Weighted average
shares
outstanding 26,373,719 18,558,589 24,553,641 18,558,589
=========== =========== =========== ===========

DILUTED EARNINGS (LOSS)
PER SHARE:
Income from
continuing
operations $0.21 $0.21 $0.41 $0.42
Loss from
discontinued
operations (0.03) (0.10) (0.03) (0.22)
----------- ----------- ----------- -----------
$0.18 $0.11 $0.38 $0.20
----------- ----------- ----------- -----------

Weighted average
shares
outstanding 26,697,911 18,718,210 24,838,112 18,718,210
=========== =========== =========== ===========

PROFORMA EARNINGS
from continuing
operations(a) $5,657 $4,830 $10,230 $9,223
=========== =========== =========== ===========
PROFORMA DILUTED
EARNINGS PER SHARE
from continuing
operations(a) $0.21 $0.18 $0.41 $0.37
=========== =========== =========== ===========
PROFORMA WEIGHTED
AVERAGE SHARES 26,697,911 26,654,797 24,838,112 24,816,215
=========== =========== =========== ===========


(a) Earnings and weighted average shares for 2001 have been adjusted
to reflect an IPO closing on February 12th of that year for
comparability. Earnings for 2001 were adjusted for net of tax
interest expense reductions and interest income increases



MANTECH INTERNATIONAL CORPORATION
Summary - Financial Tables
(Dollars in Thousands except per share amounts)

Three Months Six Months
Ended Ended
June 30, June 30,
------------ ---------------
2002 2001 2002 2001
---- ---- ---- ----

Total Depreciation &
Amortization (in
thousands) 885 1,325 1,749 2,640
Earnings Before
Interest, Taxes,
Depreciation and
Amortization (in
thousands) (EBITDA) 10,200 8,244 18,667 16,945
EBITDA ROS% 8.6% 7.8% 8.2% 8.0%




Condensed Balance Sheet (in thousands):
June 30, December 31,
2002 2001
--------- ---------
Unaudited

Current Assets 214,678 147,883
Current Liabilities 65,684 80,261
Working Capital 148,994 67,622
Total Debt 26,104 70,343
Stockholders` Equity 143,511 22,557
Total Assets 254,895 186,242




Revenue from Continuing Operations by Customer Type:

Three Months Ended Six Months Ended
June 30, June 30,
------------------ ----------------
2002 2001 2002 2001
---- ---- ---- ----

DoD/Intelligence Agencies 86.4% 84.5% 86.1% 84.0%
Federal Civilian Agencies 9.8% 11.9% 10.3% 11.8%
Commercial/State & Local 3.8% 3.6% 3.6% 4.2%

Total 100% 100% 100% 100%



About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 28 countries worldwide. Additional information can be found at www.mantech.com or by calling 703/218-8200.

Statements made in this press release which do not address historical facts could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure to successfully integrate Aegis Research into the company`s operations or realize any accretive effects from the acquisition; changes to the tax laws relating to the treatment and deductibility of goodwill or any change in tax rates; additional costs associated with compliance with the Sarbanes-Oxley Act of 2002, any revised NASDAQ listing standards, SEC rule changes or other corporate governance issues; failure to experience continued positive defense and intelligence budget and spending trend; failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s Registration Statement on Form S-1, filed with the SEC on February 7, 2002 and the company`s Annual Report on Form 10-K filed with the SEC on April 1, 2002. The statements in this press release are made as of August 13, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.

www.mantech.com



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Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]

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ManTech Names Barry G. Campbell to Board of Directors
Tuesday August 27, 3:16 pm ET

FAIRFAX, Va.--(BUSINESS WIRE)--Aug. 27, 2002--ManTech International Corporation (Nasdaq:MANT - News) announced that Barry G. Campbell, an accomplished senior executive with more than thirty years of experience in Department of Defense and Intelligence Community information technology and technical services contracting, has been named to the ManTech International Corporation Board of Directors.

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"I am very pleased to welcome Barry Campbell to the ManTech Board of Directors," commented ManTech Chairman of the Board, CEO and President, George J. Pedersen. Pedersen continued, "With more than thirty years of technical and executive management experience in the defense and intelligence community marketplace, Barry will be a great asset for ManTech as we execute our growth strategy and expand our core business serving national security community customers."

Barry G. Campbell served most recently as President and CEO of Micro Craft, Inc. and its parent company, Allied Aerospace Industries Inc., 1999 to 2001. Allied Aerospace is a Virginia-based aerospace and defense engineering firm, providing a broad range of aerospace and defense products and services.

Prior to his tenure at Allied Aerospace, Mr. Campbell had a distinguished career at Vitro Corporation, including tenure as President and CEO. Mr. Campbell began his career at Vitro in 1970, working as a systems engineer on ballistic missile programs for the Navy.

In the years following that assignment, Mr. Campbell received assignments of increasing management and financial responsibility at Vitro including service as Branch Vice President for systems engineering, integration, and logistics in support of Navy Fleet Ballistic Missile and Strategic Weapon Systems programs.

In 1988, Mr. Campbell was promoted to Senior Vice President with responsibility for all Vitro programs relating to antisubmarine warfare, undersea warfare, Navy strategic systems, Army signals intelligence, and electronic warfare.

When Tracor Inc. acquired Vitro Corporation in 1993, Mr. Campbell remained President and CEO of Vitro and was also named Chairman and CEO of Tracor Systems Technology Inc., a subsidiary of Tracor Inc., where he also held the position of Corporate Vice President.

Expanding on his earlier remarks, Mr. Pedersen noted, "Barry Campbell`s technical expertise will be very valuable to ManTech but equally important will be his executive management, business, and financial experience - he understands our marketplace, customer base, and mission."

Before starting his career at Vitro, Mr. Campbell earned a BS degree in Mechanical Engineering from Drexel University and worked for the Naval Nuclear Power Department of the New York Shipbuilding Corporation. He also spent several years as a project engineer and program manager with the Central Intelligence Agency.

Mr. Campbell serves on the Advisory Council of the Chancellor of the University of Maryland Systems and is a member of the Drexel University General Alumni Association`s Board of Governors. In addition, he is a member of the Board of Trustees of Capitol College and is former Chairman and member of the Board of Maryland`s Applied Information technology initiative.

Mr. Campbell is a former member of the Board of Directors of the American Electronics Association. He also served as Chairman of the Software Productivity Consortium and was a director of the American Defense Preparedness Association, Professional Services Council, and the Armed Forces Communications and Electronics Association.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 28 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

For more information, contact Peter B. LaMontagne 703-218-8200.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts, funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; and material changes in laws or regulations applicable to our businesses.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation
Peter LaMontagne, 703/218-8200
Fax: [phone]
[e-mail]

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U.S. Air Force Selects ManTech for LANTIRN Support Equipment Upgrade
Monday September 23, 8:19 am ET


FAIRFAX, Va.--(BUSINESS WIRE)--Sept. 23, 2002--ManTech International Corporation (Nasdaq:MANT - News) today announced that the United States Air Force, Warner Robins, Georgia has selected ManTech Test Systems, Inc., a subsidiary of Fairfax, Virginia-based ManTech International Corporation, to modify and upgrade existing support equipment used in maintenance testing of LANTIRN Navigation and Targeting System Pods.
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ManTech will install the upgraded equipment in 19 locations worldwide as part of a subcontract to TAMSCO, a Maryland-based corporation with expertise in telecommunications and information technology services; integrated logistics services; systems integration; and electronics manufacturing.

The contract, valued at approximately $21 million was awarded to the TAMSCO/ManTech Team under the FAST (Flexible Acquisition and Sustainment Tool) contract. As a member of the TAMSCO FAST Team, ManTech Test Systems provides Automatic Test Equipment design, development and production services.

John J. Ressa, Group Vice President and General Manager for ManTech Test Systems said, "Today`s announcement underscores the strength of the relationship between TAMSCO and ManTech. The two companies offer complementary expertise while sharing a common goal of customer satisfaction."

Commenting on the Air Force`s decision, Peter D. Faulkner, Vice President of Government Programs for ManTech Test Systems stated, "Our solution takes advantage of the many technological advances that have occurred in the Automatic Test Industry since the LANTIRN support equipment was originally placed in service. The Air Force can expect a tremendous improvement in mission capable rates in a system that is less than half the size."

The Low Altitude Navigation and Targeting Infrared for Night, or LANTIRN, is a weapon system for use on the Air Force`s premier fighter aircraft -- the F-15E Strike Eagle and F-16C/D Fighting Falcon.

LANTIRN significantly increases the combat effectiveness of these aircraft, allowing them to fly at low altitudes, at night and under-the-weather to attack ground targets with a variety of precision-guided and unguided weapons.

ManTech Test Systems is a member of the TAMSCO FAST team, one of six winning teams for FAST, a $7.4 billion seven-year contract vehicle to support the United States Air Force with technical and professional weapon system support services, and critical limited and contingency spares and repairs. The six FAST awards are valued at more than $1 billion each over the seven-year life of the FAST program.

FAST will consolidate a wide array of purchases for aircraft and weapons parts, equipment and services. The FAST contract is managed at Robins Air Force Base in Warner Robins, Georgia. Oklahoma City Air Logistics Center and Ogden Air Logistics Center also have ordering authority under the FAST contract.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 28 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; failure to maintain or renew relationships with the government`s prime contractors/teams; failure of the government`s prime contractors/teams to maintain or renew its business with the government; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s Registration Statement on Form S-1, filed with the SEC on February 7, 2002 and Annual Report on Form 10-K, filed with the SEC on April 1, 2002.

The statements in this press release are made as of September 23, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.

www.mantech.com



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Awarded $33.4M Naval Air Systems Command Contract
Wednesday October 9, 4:15 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Oct. 9, 2002--ManTech International Corporation (Nasdaq:MANT - News) announced today that the Naval Air Systems Command (NAVAIR) and Naval Air Warfare Center Aircraft Division (NAWCAD) Surface Communications and Information Systems Division (SCISD), St. Inigoes, Maryland has awarded ManTech Systems Engineering Corporation (MSEC) a contract with a total estimated value of $33.4 million over the term of a one-year base period plus four one-year options.
Under the terms of the contract, MSEC, a subsidiary of Fairfax, Virginia-based ManTech International Corporation, will provide life-cycle integrated Command, Control, Communications, and Computer Intelligence (C4I) and information systems engineering support.

Tasking will involve the full range of technical and engineering support services including: infrastructure and information assurance support for systems engineering; acquisition; and technical management of integrated C4I and Information Systems (ICIS) solutions applicable to shore-based, aircraft and shipboard operations.

ManTech has performed similar services for both NAVAIR and NAWCAD at Patuxent River and St. Inigoes, Maryland, during the last 24 years.

Commenting on the award, MSEC President, Vice Admiral Jerry L. Unruh, U.S. Navy (Ret.) stated, "ManTech has worked closely with the Navy at St. Inigoes for more than 17 years to provide effective, results-oriented approaches to meet communication and information systems requirements--from design through implementation, operation, and maintenance." Unruh concluded, "ManTech is very pleased to continue our relationship with the Surface Communications and Information Systems Division at St. Inigoes, and is committed to continue providing the highest standard of support."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 28 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s Registration Statement on Form S-1, filed with the SEC on February 7, 2002 and Annual Report on Form 10-K, filed with the SEC on April 1, 2002.

The statements in this press release are made as of October 9, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Reports 2002 Third Quarter Results
Wednesday November 6, 4:02 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Nov. 6, 2002--ManTech International Corporation (Nasdaq:MANT - News)
Revenue of $130.4 million, up 23.6% over 2001 (including $9.0 million from ManTech Aegis Research Corporation)
15.0% organic revenue growth over 2001
Income from Continuing Operations and Net Income of $6.3 million, including $448 thousand from ManTech Aegis Research Corporation
Income from Continuing Operations organic growth of 38.6% over 2001
Income from Operations Return on Sales increases to 8.4%, 10.3% for ManTech Aegis Research Corporation and 8.3% for core ManTech
Fully diluted earnings per share of $0.24 ($0.22 for core ManTech and $0.02 for ManTech Aegis Research), exceeding consensus estimates by $0.02 per share
ManTech Aegis Research Corporation integration into ManTech enterprise on schedule to be completed by January 1, 2003
ManTech International Corporation (Nasdaq:MANT - News) today announced its operating results for the third quarter ended September 30, 2002. Revenue for the third quarter was $130.4 million, including $9.0 million from ManTech Aegis Research Corporation, an acquisition completed on August 5, 2002. Core ManTech revenue (which excludes the ManTech Aegis Research Corporation acquisition) was $121.4 million, up from $105.6 million for the same period in 2001, an increase of 15.0%.

ManTech`s income from continuing operations and net income for the period were $6.3 million, including $448 thousand from ManTech Aegis Research Corporation. Core ManTech third quarter 2002 income from continuing operations increased 38.6% to $5.8 million, compared with $4.2 million for the same period in 2001. Net income for the third quarter 2002 for core ManTech was $5.8 million compared with a loss of $3.9 million for the same period in 2001.

Income from operations return on sales increased to 8.4%, reflecting 10.3% for ManTech Aegis Research Corporation and 8.3% for core ManTech, up from 7.5% for the same period last year.

ManTech fully diluted earnings per share prepared in accordance with generally accepted accounting principles for the third quarter ending September 30, 2002, were $0.24, exceeding consensus earnings estimates published by research analysts who cover ManTech by $0.02. ManTech Aegis Research Corporation contributed $0.02 to the total. After adjusting the third quarter 2001 results and weighted average shares outstanding as if the company`s IPO had occurred on February 12, 2001, (see note to Summary-Financial Table) third quarter pro forma fully diluted earnings per share from continuing operations for the core ManTech business increased from $0.19 in 2001 to $0.22 in 2002.

ManTech International Corporation also announced operating results for ManTech Aegis Research Corporation, a leading secrecy management and security architecture company acquired by ManTech International Corporation on August 5, 2002. Revenue for the period August 5, 2002 through September 30, 2002 was $9.0 million with operating income of $932 thousand resulting in an operating income return on sales of 10.3%. The company reported that ManTech Aegis Research Corporation is on schedule to be fully integrated into ManTech International Corporation by January 1, 2003.

ManTech International Corporation Chairman of the Board, CEO and President, George J. Pedersen commented on the results noting, "In the third quarter, we saw record margins and solid revenue growth over last year, supported primarily by our strategy to focus on high growth segments of the market--DoD and intelligence community IT and technical services." Pedersen concluded, "With the President`s signing of the 2003 Defense Appropriations Bill into law in late October, I am confident that the programs we support will receive expanded funding in the coming quarters; prospects for 2003 look very promising."

Operational Highlights:

Completed the acquisition of Aegis Research Corporation on August 5, 2002 and initiated integration into ManTech enterprise as ManTech Aegis Research Corporation. ManTech Aegis Research Corporation is a leading provider of secrecy management and security architecture services to key customers and programs within the Department of Defense (DoD) and national intelligence community, including the National Reconnaissance Office (NRO), the United States Air Force, the Joint Strike Fighter Program Office, and the Counterintelligence Field Activity Program under the DoD. ManTech Aegis Research Corporation also supports numerous other classified customers on special access programs.
Completed sale of China and United Kingdom-based discontinued operations business units.
United States Air Force selected ManTech to modify and upgrade existing support equipment used in maintenance testing of LANTIRN Navigation and Targeting System Pods under FAST contract subcontract to TAMSCO.
Naval Air Systems Command (NAVAIR) and Naval Air Warfare Center Aircraft Division (NAWCAD) awarded ManTech a contract with a total estimated value of $33.4 million over the term of a one-year base period plus four one-year options. ManTech will provide life-cycle integrated Command, Control, Communications, and Computer Intelligence (C4I) and information systems engineering support.
Barry G. Campbell, an accomplished senior executive with more than thirty years of experience in Department of Defense and Intelligence Community information technology and technical services contracting, was named to the ManTech International Corporation Board of Directors.
ManTech International Corporation Executive Vice President and CFO, John A. Moore, Jr., commented on the results stating, "We are especially pleased with our bottom line performance--margins continue to expand as we operate more efficiently, expand our base of revenue and transition work to more profitable contract vehicles."

Key Performance Metrics: On September 30, 2002, the company`s backlog was $1,221 million, compared with $765 million for the same date in 2001, an increase of 59.6%. Funded backlog as of September 30, 2002, was $227 million compared with $229 million on the same day in 2001. ManTech`s GSA schedule contract value on September 30, 2002 was $957 million. This represents a total September 30, 2002 backlog, combined with GSA schedule contract value, of $2,178 million, an increase over 2001 of 29.2%. The company determines its GSA schedule contract value by multiplying the average monthly amount of funded work that it has been awarded under each of its GSA schedule contracts over the past 12 months, by the number of months remaining in the term of those contracts, including existing options, except that it does not take into account remaining contract terms of more than 72 months. ManTech derived approximately 39.5% of its revenues for the quarter ended September 30, 2002 from work under GSA schedule contracts, compared with approximately 33.6% for 2001.

For the quarter ended September 30, 2002, ManTech derived approximately 96% of its revenue from Federal Government contracts on which it served as either prime or subcontractor, consistent with the level for the same period in 2001. Revenue from the Department of Defense and the intelligence community accounted for approximately 86.6% of revenue for the third quarter ending September 30, 2002, an increase of 2.2% over the same period in 2001.

Revenue from secure systems and infrastructure solutions accounted for approximately 61.8% of revenue in the third quarter compared with 48.1% in 2001. Information technology solutions represented approximately 16.1% of revenue for the quarter, compared with 24.1% for the same period in 2001. Systems engineering accounted for approximately 22.1% of third quarter revenue, compared with 27.8% in 2001. "Revenue from secure systems and IT represented nearly 80% of our revenue in the third quarter, further evidence that we are executing our strategy to focus on high growth segments of the market," commented John Moore.

Discontinued Operations: ManTech`s discontinued operations included three foreign and two domestic commercial businesses. ManTech has executed the sale of four of the five discontinued operation business units. The sole remaining discontinued operation for disposition is the Australia-based software solutions and IT consulting business. ManTech is actively engaged in discussions with several potential buyers to execute the sale in the near term.

Company Guidance: ManTech reiterated its 2003 fiscal year guidance and provided the following guidance for the fourth quarter and full year 2002, which reflects third quarter actual results. The projected results do include the effects on operations and shares outstanding from the acquisition of Aegis Research Corporation, but do not reflect any future acquisition transactions:

-0-

Financial Guidance
(Dollars in Millions except per share amounts)

Core ManTech ManTech Aegis
International Research
Corporation Corporation

Full Full
Q4 Year Q4 Year
2002 2002 2002 2002
--------------------- ---------------------
Revenue 126.1 474.8 17.5 26.6

Income From
Continuing Operations 5.8 21.8 0.6 1.0

Fully Diluted
Earnings Per Share 0.22 0.84 0.02 0.04

Weighted Average
Shares Outstanding 26,792 25,807 26,792 25,807

Revenue Growth %
Period over Period 9.5% 10.1%

Income from
Operations ROS % 7.7% 7.7% 7.4% 8.4%

EBITDA % 8.3% 8.4% 8.8% 9.5%


Consolidated

Full Full
Q4 Year Year
2002 2002 2003
-----------------------------

Revenue 143.6 501.4 591.0

Income From
Continuing Operations 6.4 22.8 28.0

Fully Diluted
Earnings Per Share 0.24 0.88 1.04

Weighted Average
Shares Outstanding 26,792 25,807 27,000

Revenue Growth %
Period over Period 24.7% 16.2% 17.9%

Income from
Operations ROS % 7.7% 7.8% 8.2%

EBITDA % 8.4% 8.5% 8.8%


MANTECH INTERNATIONAL CORPORATION
Summary - Financial Tables
(Dollars in Thousands except per share amounts)

Three Months Ended Nine Months Ended
September 30, September 30,
-------------------------- --------------------------
2002 2001 2002 2001
------------ ------------ ------------ ------------

REVENUES $ 130,425 $ 105,558 $ 357,727 $ 316,266
COST OF
SERVICES 105,995 85,356 291,886 258,412
------------ ------------ ------------ ------------
GROSS
PROFIT 24,430 20,202 65,841 57,854
------------ ------------ ------------ ------------
ROS % 18.7% 19.1% 18.4% 18.3%

General and
admini-
strative 12,856 11,472 36,346 33,166
Depreciation
and
amortization 603 798 1,608 2,451
------------ ------------ ------------ ------------

COST AND
EXPENSES 13,459 12,270 37,954 35,617
------------ ------------ ------------ ------------

INCOME FROM
OPERATIONS 10,971 7,932 27,887 22,237

ROS % 8.4% 7.5% 7.8% 7.0%
Interest
expense 119 805 322 2,383

Other expense
(income) 186 (194) (337) (1,386)
------------ ------------ ------------ ------------

INCOME BEFORE
PROVISION FOR
INCOME TAXES
AND MINORITY
INTEREST 10,666 7,321 27,902 21,240
Provision for
income taxes (4,382) (3,103) (11,386) (9,062)
Minority
interest 3 (4) -- (18)
------------ ------------ ------------ ------------
INCOME FROM
CONTINUING
OPERATIONS 6,287 4,214 16,516 12,160
Loss from
discontinued
operations -
net -- (2,265) -- (6,533)
Loss on disposal
of discontinued
operations -
net -- (5,890) (795) (5,890)
------------ ------------ ------------ ------------
NET INCOME
(LOSS) $ 6,287 $ (3,941) $ 15,721 $ (263)
============ ============ ============ ============

BASIC
EARNINGS
(LOSS) PER
SHARE:
Income from
continuing
operations $ 0.24 $ 0.23 $ 0.66 $ 0.66
Loss from
discontinued
operations -- (0.44) (0.03) (0.67)
------------ ------------ ------------ ------------
$ 0.24 $ (0.21) $ 0.63 $ (0.01)
------------ ------------ ------------ ------------

Weighted
average
shares
outstanding 26,471,122 18,575,036 25,199,125 18,564,132
============ ============ ============ ============

FULLY DILUTED
EARNINGS (LOSS)
PER SHARE
Income from
continuing
operations $ 0.24 $ 0.23 $ 0.65 $ 0.65
Loss from
discontinued
operations -- 0.44 (0.03) (0.66)
------------ ------------ ------------ ------------
$ 0.24 $ (0.21) $ 0.62 $ (0.01)
------------ ------------ ------------ ------------

Weighted
average
shares
outstanding 26,741,466 18,734,657 25,483,548 18,723,753
============ ============ ============ ============

PROFORMA
EARNINGS from
continuing
operations(a) 6,287 4,958 16,516 14,182

PROFORMA
DILUTED
EARNINGS
PER SHARE
from
continuing
operations(a) $ 0.24 $ 0.19 $ 0.65 $ 0.56
============ ============ ============ ============

PROFORMA
Weighted
average
shares
outstanding 26,741,466 26,660,338 25,483,548 25,432,137
============ ============ ============ ============

(a) Earnings and weighted average shares for 2001 have been adjusted
to reflect an IPO closing on February 12th of that year for
comparability.

Earnings for 2001 were adjusted for net of tax interest expense
reductions and interest income increases.


MANTECH INTERNATIONAL CORPORATION
Summary - Financial Tables
(Dollars in Thousands except per share amounts)

Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
2002 2001 2002 2001
---- ---- ---- ----
Total Depreciation
& Amortization
(in thousands) 1,013 1,228 2,762 3,868
Earnings Before
Interest, Taxes,
Depreciation
and Amortization
(in thousands)
EBITDA 11,984 9,160 30,649 26,105
EBITDA ROS% 9.2% 8.7% 8.6% 8.3%


Approximate Revenue from Continuing Operations By Customer Type

DoD/Intelligence
Agencies 86.6% 84.4% 87.1% 84.1%
Federal Civilian
Agencies 9.5% 11.4% 9.2% 11.7%
Commercial/State
& Local 3.9% 4.2% 3.7% 4.2%
------- ------- ------- -------

Total 100.0% 100.0% 100.0% 100.0%


Condensed Balance Sheet
(in thousands):
September 30, December 31,
2002 2001
---- ----
Unaudited

Current Assets 162,776 147,883
Current Liabilities 69,440 80,261
Working Capital 93,336 67,622
Total Debt 26,000 72,312
Stockholders` Equity 151,773 22,557
Total Assets 266,219 186,242


Conference Call

ManTech has scheduled a conference call for 5:00 p.m. Eastern Standard time, during which senior management will discuss third-quarter results and respond to questions. Interested parties may access the call by dialing [phone] or [phone]. The conference call will be Webcast (listen only) simultaneously via the web at www.mantech.com. Interested parties should dial in or log on approximately ten minutes prior to the start time of the call.

A telephone replay of the call also will be available beginning at 8:00 p.m. Eastern Standard Time on November 6, 2002 until midnight November 13, 2002. To access the replay, call [phone]. The confirmation code for the replay is 6025895. A replay also will be available on ManTech`s Website approximately two hours after the conclusion of the call.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information can be found at www.mantech.com or by calling 703-218-8200.

Statements made in this press release which do not address historical facts, including the financial guidance provided in this press release, should be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure to successfully integrate ManTech Aegis Research Corporation into the company`s operations or realize any accretive effects from the acquisition; changes to the tax laws relating to the treatment and deductibility of goodwill or any change in tax rates; additional costs related to compliance with the Sarbanes-Oxley Act of 2002, any revised NASDAQ listing standards, SEC rule changes or other corporate governance issues; failure to experience continued positive defense and intelligence budget and spending trend; failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s Registration Statement on Form S-1, filed with the SEC on February 7, 2002 and the company`s Annual Report on Form 10-K filed with the SEC on April 1, 2002. The statements in this press release are made as of November 6, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Announces Plan to File Registration Statement for Follow-On Offering
Wednesday November 6, 4:18 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Nov. 6, 2002--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that it intends to file a registration statement on form S-1 with the Securities and Exchange Commission for an underwritten offering on behalf of the Company of approximately 4,500,000 shares of the Company`s Class A common stock.
Additionally, approximately 1,650,000 shares of Class A common stock will be sold by certain selling shareholders, and the underwriters will have an option to purchase up to approximately 922,500 additional shares of ManTech`s Class A common stock solely to cover over-allotments, if any.

ManTech intends to use the net proceeds of the offering to fund strategic acquisitions of businesses and for working capital and general corporate purposes.

ManTech expects to file the registration statement prior to the end of November 2002 and conclude the offering before February 15, 2003. ManTech`s filing of the registration statement and offering are subject to market and other conditions.

ManTech may elect to increase or decrease the number of shares it plans to offer and/or pursue alternative financing, depending upon market conditions and to withdraw the registration statement, if filed, at any time.

A registration statement relating to these securities has not been filed with the Securities and Exchange Commission, and this announcement is neither, and does not constitute, an offer to sell nor a solicitation of an offer to buy any securities of ManTech. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

This press release is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and over 34 countries worldwide. Additional information can be found at www.mantech.com or by calling 703-218-8200.

The Statements made in this press release regarding the filing of a registration statement, the timing of such filing and any other future aspect relating to the proposed offering are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties, including but not limited to, market conditions, general economic conditions, and various other factors that could affect ManTech`s business and its plans to execute the proposed offering. Should one or more of these risks or uncertainties materialize, actual outcomes may vary materially from those indicated. The statements in this press release are made as of November 6, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

L.A. Sees Return To Aerospace Glory With New Congress
Wednesday November 6, 5:52 pm ET
By Pat Maio, Of DOW JONES NEWSWIRES


LOS ANGELES -(Dow Jones)- Los Angeles, the heart of the U.S. aerospace industry in decades past, is betting that the Republican sweep of Congress will mean sustained or increased military spending as the region seeks to recapture its previous prominence.
ADVERTISEMENT


Last month, President Bush signed into law a $355.1 billion defense spending bill for the fiscal year ending Sept. 30, 2003, its biggest in nearly two decades.

With the GOP taking Senate control while keeping House control in Tuesday`s elections, Los Angeles aerospace industry observers believe big defense budgets are here to stay for a while. And more military money will only fuel the ongoing comeback for the area, which lost more than 185,000 aerospace and military-related jobs since its heyday in the mid-1980s, observers add.

In recent years, local aerospace subcontractors in Los Angeles have smarted from commercial airplane cutbacks primarily from Boeing Co. (NYSE:BA - News) in Long Beach, where commercial aircraft had previously been built for years under the stewardship of the old Douglas Aircraft Co., the plane-building unit of McDonnell Douglas Co. That St. Louis-based rival has since been bought by Boeing as the aerospace and military industrial complex consolidated in the lean- spending 1990s.

Boeing has since substantially curtailed commercial plane building activity in Long Beach, located about 50 miles south of metropolitan Los Angeles. Boeing still maintains a huge space and satellite business in the region.

Jack Kyser, chief economist with the Los Angeles County Economic Development Corp., sees a turnaround already underway. Over the past year, his group has tracked an inflow of some $35 billion in multi-year contracts that have been awarded by the Department of Defense to local military contractors.

"That`s what we know about. That doesn`t count the money that came from black programs," or top secret military projects like spy satellites or unmanned aerial vehicles, Kyser said.

"Obviously, with a Republican-controlled Congress, you`ll see both houses pushing through more defense spending, like on advanced intelligence projects and the national missile defense program.

"This is important to Southern California`s economy. We`ve had an inflow of money over the past year, and I would expect this to continue," Kyser said.

David Gremmels, analyst with Thomas Weisel Partners LLC, sees the election results on Tuesday as having positive implications specifically for missile defense and shipbuilding activities.

Northrop Grumman Corp. (NYSE:NOC - News) should benefit from both given that it owns Newport News Shipbuilding, which builds the nation`s nuclear-powered aircraft carriers. It also will gain an edge in the national missile defense program through TRW`s space business in Redondo Beach, Calif., after the aerospace contractor completes the TRW Inc. acquisition.

Jon Kutler, chairman and chief executive of Quarterdeck Investment Partners LLC, has seen a steady build up of merger and acquisition activity in the defense sector over the past year and sees a Republican win in Congress as a reaffirmation of big defense budgets continuing in the future.

"The knee-jerk reaction to a Republican win in Congress is that this is good for defense spending. Well, defense spending already has been good. This just means that there won`t be any change in the agenda," Kutler said.

He also sees more mergers and acquisitions in this sector because of the industry`s push to improve profits and achieve cost efficiencies.

In fact, his Los Angeles firm, which advises on defense mergers and acquisitions, hit a record volume in its third quarter ended Sept. 30, with nine deals, and expects to surpass that mark in its final three months.

"This isn`t a post-Sept. 11 phenomena, but rather a response to the trend of consolidation by prime contractors that began in the 1990s,"" Kutler said.

In its third quarter, Kutler`s firm helped Northrop Grumman sell military display and electronics components businesses to L-3 Communications Holdings Inc. (NYSE:LLL - News) ; helped Orbital Sciences Corp. (NYSE:ORB - News) raise $135 million in financing; and helped Mantech International Corp. (NasdaqNM:MANT - News) buy Canadian-based Aegis Research.

The Los Angeles area once boasted more aerospace workers than anywhere else in the U.S. At its peak in 1986 when the Reagan Administration was still pumping billions into new military projects, Los Angeles County reported 289,900 workers.

Current employment stands at 104,300, down from 112,600 in September 2001 and 115,300 in 2000, according to Kyser`s estimates.

He sees the industry poised for a rebound, however.

"There is a major turn in the defense sector happening, though there is still significant exposure to the commercial aircraft segment," said Kyser in pointing to Boeing`s troubled commercial aircraft business in Long Beach.

He said the employment trough has been reached in the aerospace worker segment, with an upward hiring trend looming on the horizon.

A year ago, Northrop Grumman, for instance, said it would hire 1,600 aerospace workers to help build major subsystems for the next-generation Joint Strike Fighter program.

Most of those workers have been hired, but an additional 1,000 may be hired before the end of the decade, a Northrop Grumman spokesman said.

The aerospace giant, of Century City, Calif., is a major subcontractor to the Lockheed Martin Corp. (NYSE:LMT - News) that beat out a Boeing-led team for the $200 billion contract to build the next-generation fighter jet.

Also, Lockheed Martin is the prime contractor on the tactical aircraft F-22 Raptor, which is in production for the Air Force. More than 250 subcontractors in Southern California are involved in the F-22 program.

Northrop Grumman also stands to benefit from the Global Hawk unmanned aerial vehicle program should the Republican-led Congress want to buy more of the vehicles in its fight on terrorism.

Production on the vehicle is taking place in Palmdale, where Northrop Grumman previously built 21 bat-wing shaped B-2 Stealth Bombers.

At the moment, Northrop Grumman has 13,000 employees in Southern California, but will add 10,000 more workers when the TRW acquisition is completed, the company spokesman said.

Most of those workers will come from TRW`s space business in Redondo Beach, where it has enjoyed a long history of building spy and commercial satellites and spacecraft for science missions for the National Aeronautics and Space Administration.

Boeing, Lockheed Martin, Raytheon Co. (NYSE:RTN - News) , and Northrop Grumman, all have a major presence in the region - including TRW.

Boeing shares closed Wednesday up $2.06, or 6.5%, at $33.58; Lockheed Martin shares closed up $1.30, or 2.4%, at $54.95; Northrop Grumman shares closed up $ 3.92, or 4.1%, at $100.40; and Raytheon shares closed up $1.10, or 3.8%, at $ 30.37.

-By Pat Maio, Dow Jones Newswires; 323-658-3776; [e-mail]

[panik]

SI International trades flat in debut
Information technology specialist tied to military buildup By Steve Gelsi, CBS.MarketWatch.com
Last Update: 11:50 AM ET Nov. 12, 2002







NEW YORK (CBS.MW) - SI International traded near its offering price in a sign that the party for government information technology service providers may soon be over in the moribund market for initial public offerings.

SI International (SINT: news, chart, profile) opened at $14.01 per share, just a penny above its $14 price. The stock traded flat at $14 on volume of 1.35 million.

The company sold 4.35 million shares at the low end of its estimated $14-$16 range in a bid to raise $61 million with underwriters Wachovia Securities and Legg Mason Wood.

Signs of reluctant buyers came as SI International trimmed the size of its IPO from 5 million shares. Separately, it changed its stock trading symbol from "SIIT."

Although the company is benefiting from the buildup of the U.S. military, investors already have plenty of choices in the sector from other recent newcomers such as ManTech International (MANT: news, chart, profile), Anteon International (ANT: news, chart, profile), SRA International (SRX: news, chart, profile), Veridian (VNX: news, chart, profile) and MTC Technologies (MTCT: news, chart, profile).

The McLean, Va. company was tapped as the IPO of the Week by Renaissance Capital, which runs the IPO Plus Fund (IPOSX: news, chart, profile).

"SI stands to benefit from continued investor interest in federal government IT services contractors," Renaissance said in its IPO of the Week column. See full story.

SI International rang up net income of $476,000 and revenue of $33.7 million in the first quarter, compared to a loss of $861,000 and revenue of $33.1 million last year.

The stock is debuting as the IPO market`s modest deal parade continues.

It`s not exactly a bonanza for initial public offerings, but at least deals are starting to flow after a long hiatus this past summer and fall.

Last week, three deals debuted including Portfolio Recovery Associates (PRAA: news, chart, profile), WellChoice (WC: news, chart, profile) and Harrington West Financial (HWFG: news, chart, profile).

Bancshares of Florida postpones IPO

Bancshares of Florida (BOFI: news, chart, profile) postponed its $13 million initial public offering because of market conditions, according to Advest Inc., which was underwriting the deal.

The Naples, Fla.-based commercial bank had planned to go public last week, but bumped the deal to this week before scrapping it altogether for now.

Steve Gelsi is a reporter for CBS.MarketWatch.com in New York.

[panik]

ManTech Shares Slide After Disclosing Subpoena From Defense Department.
Friday November 15, 12:58 pm ET


FAIRFAX, Va. -- Shares of defense contractor ManTech International Corp. (NasdaqNM:MANT - News) skidded after the company said it received a subpoena from the Defense Department asking for documents related to a contract.
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In a filing with the Securities and Exchange Commission, ManTech said the subpoena seeks documents concerning a Department of Defense contract under which ManTech Solutions & Technologies Corp. performed personnel security clearance background checks.

The company believes the investigation relates to whether it improperly charged certain costs under the contract, as well as to questions related to the security clearances and credentials of certain subcontractors and individuals who provide services under the contract.

The Fairfax, Va.-based company noted that it is cooperating with the government. Company officials weren`t immediately available for comment.

ManTech shares were down $3.23, or 15%, to $18.80 at 4 p.m. EST on the Nasdaq Stock Market. Volume was 1.5 million shares, compared with the daily average of 129,000. The stock fell as low as $16.28. ManTech first sold shares to the public last February.

-Paul Welitzkin; Dow Jones Newswires; 609-520-7260 and Thomas Gryta; Dow Jones Newswires; 201-938-5400

[panik]

ManTech Selected for MEDCOM Systems Support
Wednesday November 20, 4:15 pm ET
Critical DoD Healthcare Systems to be Supported


FAIRFAX, Va.--(BUSINESS WIRE)--Nov. 20, 2002--ManTech International Corporation (Nasdaq:MANT - News) announced today that the United States Army Medical Command (MEDCOM), Ft. Sam Houston, Texas has selected ManTech Solutions and Technologies Corporation (MSTC) to provide information technology services in support of health care delivery.
The contract, awarded to ManTech under a competitive solicitation from MEDCOM Contracting under a General Services Administration schedule, has an estimated value of $6.9 million over a term of a one-year base period plus four one-year options.

Under the terms of the contract, MSTC, a subsidiary of Fairfax, Virginia-based ManTech International Corporation, will provide services in the following areas: Automated Data Processing (ADP) systems management and operations; Management/Executive systems administration; security program management; computer training and software support; data telecommunications network support; and overall project support.

Brad Feldmann, ManTech International Corporate Senior Vice President and President of the company`s Information Technology Group, noted that ManTech was very pleased with the award and commented, "Our ability to understand the complex systems in place and our overall strengths in Network Engineering and Medical Informatics provided the cornerstone of our approach to support the critical requirements associated with patient care."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; failure to maintain or renew relationships with government customers; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s securities filings filed with the SEC.

The statements in this press release are made as of November 20, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Awarded $41M Prime Contract by `SPAWARSYSCEN,` Charleston, SC
Tuesday December 3, 4:15 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Dec. 3, 2002--ManTech International Corporation (Nasdaq:MANT - News) announced today that is has been awarded a contract by Space and Naval Warfare Systems Center (SPAWAR) in Charleston, SC. The contract has an estimated value of $41 million to ManTech over the term of a one-year base period plus four one-year options.
Under the terms of the contract, ManTech Systems Engineering Corporation (MSEC), a subsidiary of Fairfax, Virginia-based ManTech International Corporation, will provide life-cycle Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems, requirements, programs, and projects support. Efforts will include the full range of C4ISR technical, engineering, communication, software development, configuration management, product improvement, quality assurance, logistics, and life cycle management. MSEC has performed similar services for each of SPAWAR Charleston, SC, and NAVAIR and NAWCAD Patuxent River, MD, during the last 24 years.

MSEC President Jerry Unruh said the company is thrilled to continue its 24-year history of support to SPAWAR`s C4ISR community. "ManTech has worked specifically with Charleston and NAVAIR/NAWCAD to support the evolutionary integration of a huge spectrum of C4ISR systems," he said. "ManTech is very pleased to carry on our partnership with SPAWARSYSCEN Charleston, and is committed to continuing to provide the highest standard of support."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s Amended Registration Statement on Form S-1, filed with the SEC on November 27, 2002 and Annual Report on Form 10-K, filed with the SEC on April 1, 2002. The statements in this press release are made as of December 3, 2002, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[@Alle]

Reuters
Mantech to buy CTX Corp for $34 mln
Friday December 6, 11:01 am ET


FAIRFAX, Va., Dec 6 (Reuters) - Defense information technology firm Mantech International Corp. (NasdaqNM:MANT - News) said on Friday it signed a deal to buy CTX Corp., which develops software for the defense intelligence community, for $34 million in cash.
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The deal also includes repayment of up to $1.3 million of CTX debt. Mantech said it expects to close the purchase by the end of 2002.

Closely held CTX is expected to add 5 cents per share to Mantech`s earnings in 2003. CTX`s revenue in 2002 is expected to reach $35 million, up from $24 million in 2001, Mantech said in a statement.

Shares of Mantech, which have risen nearly 11 percent since their initial public offering in February, slipped 12 cents to $18.93 in Nasdaq composite trading on Friday Morning.

Investment bank Quarterdeck Investment Partners, LLC acted as financial adviser to ManTech on the deal and Allfirst Investment Banking represented CTX.

[panik]

Dow Jones Business News
Mantech Intl Offer Priced: Shrs Closed Mon At $18.57
Monday December 16, 9:50 pm ET


NEW YORK (Dow Jones)--A public sale of 6.15 million Mantech International Corp. (NasdaqNM:MANT - News) shares priced at $18 a share Monday evening, according to lead underwriter Jefferies & Co.
Mantech, based in Fairfax, Va., is selling 4.5 million of the shares in the offering, with certain shareholders selling the remaining 1.65 million. The company completed an initial public offering of 7.2 million shares in February. The IPO shares were priced at $16 in a deal also led by Jefferies.

At 4 p.m. EDT Monday, Mantech shares traded at $18.57, down 43 cents or 2.3%, on Nasdaq volume of 173,100 shares. The company had about 26.5 million shares outstanding prior to this latest offering.

Mantech, an information systems and technical services company, has said it intends to use proceeds from the offering to fund acquisitions of businesses and for working capital and general corporate purposes.

Mantech`s offering is one of several follow-on deals to price Monday night. Other pricings to get done include Ventas Inc. (NYSE:VTR - News) , Peoples Bancorp Inc. ( PEBO) and DRS Technologies Inc. (NYSERS - News) .

-Ralph Tasgal; Dow Jones Newswires; 201-938-5400



Dow Jones Newswires
12-16-02 2150ET

[panik]

ManTech-MSM Joint Venture Awarded $50 Million Defense Security Services Contract Issued by the Naval Air Systems Command
Monday February 3, 4:00 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Feb. 3, 2003--ManTech International Corporation (Nasdaq: MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that the Naval Air Systems Command has selected the Investigative Services Joint Venture (ISJV) to provide Personnel Security Investigation (PSI) services to supplement the capabilities of the Defense Security Services (DSS) under the "Whole Case Contract".
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The ISJV, established to support this contract, combines the corporate, technical, and financial resources of ManTech Solutions and Technologies Corporation (MSTC), a subsidiary of ManTech International Corporation and Greenbelt, Maryland-based MSM Security Services, Incorporated (MSM). Both companies have performed investigative services work for DSS in the past.

The contract, administered by the Naval Air Systems Command and awarded to the ISJV under a DSS Blanket Purchase Agreement (BPA), has an estimated value of $50 million covering a three-year period of performance.

In the ISJV, ManTech`s 30-year tradition of advanced information technology support to the Federal Government and its corporate resources with over 4,400 employees have been combined with MSM`s 20 years of investigative experience to provide high quality support for the DSS mission.

Commenting on the award, Milton Mileski, ISJV Chairman of the Board and MSM Chief Executive Officer, said "The ISJV is proud to have been selected to support DSS in its mission critical national security work. MSM and ManTech have contributed the best of our respective capabilities and resources in the security field to form what we believe will be a leading-edge security background investigation services provider."

Bradley H. Feldmann, ISJV Board Member and ManTech Senior Corporate Vice President commented, "Our two companies are dedicated to leveraging our collective IT and investigative expertise to improve not only the quality and timeliness of PSIs but also the underlying training and technology processes that will be critical to the ISJV`s success in supporting the customer`s mission." Feldmann concluded, "Today`s announcement underscores the strength of the ManTech-MSM relationship."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

About MSM Security Services, Incorporated:

MSM Security Services Incorporated, headquartered in Greenbelt, Maryland, is a privately owned government contractor established exclusively to perform investigative and security related services for U.S. government agencies. MSM continues to be a leader in contract background investigation services.

MSM has completed tens of thousands of personnel security background investigations since its founding in 1978.

As an established investigative organization, MSM has a substantial infrastructure with over 1,700 contract investigators nationwide, including Puerto Rico and the Virgin Islands. Over 90% of this investigative force has more than 20 years of former investigative experience.

As a pioneer in its industry, MSM is committed to providing the highest quality investigative services by concentrating all its resources on this singular effort.

Statements made in this press release which do not address historical facts could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

The factors that could cause actual results to differ materially from those anticipated include, but are not limited, to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings under the Securities Act of 1933.

The statements in this press release are made as of February 3, 2003, and the Company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]
or
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[mp7]

U.S. Department of State Awards $40 Million Security Services Contract to ManTech Joint Venture
Monday March 24, 2:06 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--March 24, 2003--ManTech International Corporation (Nasdaq: MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that the U.S. Department of State has selected the Investigative Services Joint Venture (ISJV) to provide Personnel Security Investigation (PSI) and adjudication services to support the Bureau of Diplomatic Security (DS), the organization with primary responsibility for all aspects of security for the Department of State in the United States and abroad.
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The ISJV was founded to combine the expertise and resources of ManTech Solutions and Technologies Corporation (MSTC) of Alexandria, Virginia and MSM Security Services Inc. (MSM) of Greenbelt, Maryland. As a result of ManTech`s acquisition of MSM effective as of February 28, 2003, however, the ISJV work on this State Department contract and a previously awarded contract to support the Defense Security Service will now be managed as internal ManTech projects.

The State Department contract has an estimated value of $40 million, covering a five year period of performance, including a base year and four one-year options. Project management and background investigation work on the contract will be carried out by MSM and MSTC. ManTech Aegis Research Corporation, a company acquired by ManTech in 2002 will also support the contract, providing security clearance adjudication services.

Commenting on the contract win, ManTech Chairman of the Board, CEO, and President, George J. Pedersen stated, "This award is an excellent example of the positive synergy of our acquisition strategy--three ManTech entities joined forces and pooled their expertise to win an important contract, an award that would not have been possible without the acquisitions."

ManTech has combined MSTC`s advanced information technology solutions with MSM`s 25-year tradition of investigative support services and MARC`s 15 years of adjudication experience to provide high quality support for the State Department`s background investigation and security clearance adjudication mission under this contract.

Bradley H. Feldmann, ManTech Senior Corporate Vice President, commented, "The partnership of the three ManTech entities, including two acquisitions, that have teamed together to win this contract provides the Department of State with 70 years of combined experience in the security industry, increased capacity, and an end-to-end security solution powered by the corporate resources of ManTech International." Feldmann concluded, "Today`s announcement underscores ManTech`s commitment to providing end-to-end National Security solutions to the U.S. Government."

Earlier this year, the ManTech ISJV was awarded a $50M contract by the Naval Air Systems Command to provide services to supplement the capabilities of the Defense Security Services (DSS) under the "Whole Case Contract".

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Examples of such forward looking statements include experiencing favorable results from acquisition synergies and performing the contract for the five-year period through all options. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; failure to experience favorable results from acquisition synergies; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of March 24, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]
or
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Reports 2003 First Quarter Results
Wednesday April 30, 4:02 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--April 30, 2003--ManTech International Corporation (Nasdaq:MANT - News)
Revenue of $148.1 million, up 37.0% over Q1 2002
8.6% Income from Operations Return on Sales compared with 7.0% in 2002
Net Income increased 52.2% over 2002 to $7.0 million
Fully Diluted Earnings Per Share of $0.22
Increased Revenue and Earnings Guidance for 2003
Integration of Acquisitions continues on schedule
ManTech International Corporation (Nasdaq: MANT - News) today announced its operating results for the first quarter ended March 31, 2003. Revenue for the first quarter was $148.1 million, an increase of 37.0% over the same period in 2002.

Income from operations return on sales increased to 8.6% from 7.0% for the same period in 2002.

ManTech`s net income for the first quarter 2003 was $7.0 million, a 52.2% increase over the same period in 2002. Fully Diluted Earnings Per Share (EPS), (based on 31,935,340 weighted average common shares outstanding), were $0.22 compared with $0.20 for Q1 2002.

The net income for the quarter includes a charge to other expense of approximately $963,000 ($571,000 net of taxes), or $0.02 per share, the result of a fourth quarter 2002 net loss incurred by a ManTech affiliate accounted for under the equity method of accounting.

ManTech announced that the integration of its recent acquisitions remains on schedule. ManTech International Corporation Chairman of the Board, CEO and President, George J. Pedersen highlighted the positive impact of the recent acquisitions, noting two contract awards in the quarter totaling $90 million that would not have been possible without the combined efforts of ManTech and two of its acquisitions, ManTech MSM and ManTech Aegis Research.

Pedersen emphasized that as a result of this integration, ManTech is coordinating multiple new business development opportunities across the enterprise, adding that the "acquisition strategy has played out just as we planned."

Commenting on the overall results, Pedersen stated, "ManTech`s first quarter results reflect continued execution of our growth strategy to position ManTech to take advantage of positive market trends in support of priority Defense and intelligence community programs." Pedersen added, "Our strong revenue growth, matched by margin expansion and solid earnings growth, demonstrates the health of our core business and very positive contributions from our recent acquisitions."

2003 First Quarter Operational Highlights

Awarded contract to provide Personnel Security Investigation services to supplement the capabilities of the Defense Security Services under the "Whole Case Contract" Blanket Purchase Agreement, with an estimated value of $50 million covering a three-year period of performance.
Awarded a U.S. Department of State Personnel Security Investigation and adjudication services contract under GSA to support the Bureau of Diplomatic Security, the organization with primary responsibility for all aspects of security for the Department of State in the United States and abroad. The contract has an estimated value of $40 million covering a five year period of performance, including a base year and four one-year options.
One of seventeen firms to be awarded a contract under the General Services Administration`s (GSA) indefinite-delivery, indefinite-quantity CONNECTIONS Program, a telecommunications/network equipment and services Blanket Purchase Agreement with a seven-year estimated value of $35 billion for the awardees and all subcontractors.
Received NASA`s George M. Low Award as the premier large business services contractor for NASA for 2002.
Completed the transaction to acquire Integrated Data Systems (IDS), a Chantilly, Virginia-based software development and systems integration/networking services company supporting national intelligence and Department of Defense customers.
Completed the acquisition of MSM Security Services, Inc. (MSM), of Greenbelt, Maryland, a leading provider of Personnel Security Investigation services to the U.S. Government.
Stephen D. Harlan, former Vice Chairman of KPMG Peat Marwick and a veteran of several corporate and non-profit boards, was named to the ManTech International Corporation Board of Directors and elected Chairman of the Audit Committee.
2003 First Quarter Key Performance Metrics

Backlog: On March 31, 2003, ManTech`s backlog was $1.4 billion, compared with $935.3 million for the same date in 2002, an increase of 51.3%. Funded backlog as of March 31, 2003, was $277.6 million compared with $230.5 million on the same day in 2002.

GSA Schedule Contract Value: ManTech`s GSA schedule contract value on March 31, 2003 was approximately $1.0 billion, up from $860.6 million on the same date in 2002, an increase of 17.0%.

ManTech determines its GSA schedule contract value by multiplying the average monthly amount of funded work that it has been awarded under each of its GSA schedule contracts over the past 12 months, by the number of months remaining in the term of those contracts, including existing options, except that it does not take into account remaining contract terms of more than 72 months.

Revenue Breakdown: ManTech derived 36.4% of its revenues for the quarter ended March 31, 2003 from work under GSA schedule contracts, compared with 39.9% for the same period in 2002. The decrease is primarily the result of expanded work with the intelligence community under non-GSA contracts.

For the quarter ended March 31, 2003, ManTech derived approximately 97.1% of its revenue from Federal Government contracts, consistent with the level for the same period in 2002. Revenue from the Department of Defense and the intelligence community accounted for 87.9% of revenue for the first quarter ending March 31, 2003.

Revenue from secure systems and infrastructure solutions and information technology solutions combined to account for 80.2% of revenue in the first quarter compared with 73.3% in 2002 for the same period. Revenue from systems engineering solutions in the quarter accounted for 19.8%, down from 26.7% in 2002.

Contract Mix: For the first quarter ending March 31, 2003, ManTech served as prime contractor for 89.2% of its revenue. Regarding ManTech`s contract mix, time and materials and fixed price contracts combined to account for 63.1% of the revenue in the first quarter while cost plus contracts accounted for 36.9%.

Acquisition Update: ManTech announced that integration of its recent acquisitions remains on schedule. ManTech Aegis Research has been fully operational on the ManTech enterprise financial and HR IT system since January 1, 2003.

ManTech MSM Security Services and ManTech CTX are expected to transition to the enterprise system by the end of the second quarter 2003, and the ManTech IDS change-over will occur by the end of the third quarter 2003. ManTech also announced that annualized voluntary turnover as of March 31, 2003 was approximately 13%, including acquisitions, a decrease from approximately 18% during the same period in 2002.

Regarding future acquisitions, George J. Pedersen stated that ManTech will continue to focus on integration of the most recent acquisitions for the balance of 2003 and that no new transactions are anticipated at this time.

Commenting on ManTech`s first quarter performance, ManTech International Corporation Executive Vice President and CFO John A. Moore, Jr. stated: "Continued expansion of revenue from secure systems and IT solutions projects as a percentage of our overall business is the core of our strategy, and the positive trends in our key performance metrics are driven by this sharp focus on the high growth segments of the DoD and intelligence community marketplace." Moore continued, "In this quarter, we saw a very positive impact from our recent acquisitions--all four contributing to improved top-line growth and higher margins."

Company Guidance

ManTech revised its 2003 fiscal year guidance to reflect positive trends in its secure systems and IT solutions markets and provided the following guidance for the second quarter and full year 2003, which reflects first quarter actual results.

The projected results include the effects on operations and shares outstanding from the acquisitions already completed in 2003 but do not reflect any future acquisition transactions:

2nd Quarter 2003 Full Year 2003
------------------------------------- ----------------- --------------
Revenue $170 million - $680 million -
$174 million $690 million
------------------------------------- ----------------- --------------
Diluted Earnings Per Share $0.25 - $0.27 $1.03 - $1.07
------------------------------------- ----------------- --------------
Weighted Average Common
Shares Outstanding 32,018,837 32,202,304
------------------------------------- ----------------- --------------

Financials Follow




MANTECH INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Dollars in Thousands Except Per Share Amounts)

Three Months Ended
March 31,
-----------------------------
2003 2002
------------ ------------
(unaudited) (unaudited)

REVENUES $ 148,123 $ 108,134
COST OF SERVICES 119,782 88,610
----------- -----------
GROSS PROFIT 28,341 19,524
----------- -----------
RETURN ON SALES % 19.1% 18.1%

COSTS AND EXPENSES:
General & administrative 14,739 11,433
Depreciation & amortization 935 488
----------- -----------
Total costs & expenses 15,674 11,921
----------- -----------

INCOME FROM OPERATIONS 12,667 7,603
RETURN ON SALES % 8.6% 7.0%

Interest expense 334 217
Other expense (income) 622 (297)
----------- -----------

INCOME BEFORE PROVISION FOR INCOME
TAXES AND MINORITY INTEREST 11,711 7,683
Provision for income taxes (4,748) (3,108)
Minority interest (1) (2)
----------- -----------
NET INCOME $ 6,962 $ 4,573
=========== ===========


BASIC EARNINGS PER SHARE $ 0.22 $ 0.20
=========== ===========

Weighted average common shares
outstanding 31,915,814 22,700,345
=========== ===========


DILUTED EARNINGS PER SHARE $ 0.22 $ 0.20
=========== ===========
Weighted average common shares
outstanding 31,935,340 22,933,015
=========== ===========




MANTECH INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands)


March 31, December 31,
2003 2002
--------- ------------
(unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 12,651 $ 81,096
Receivables--net 155,608 133,122
Prepaid expenses and other 12,294 8,955
Assets held for sale 891 6,738
-------- --------

Total current assets 181,444 229,911
Property and equipment--net 10,852 9,131
Goodwill 146,074 94,003
Other intangibles 18,294 10,231
Investments 6,707 7,631
Employee supplemental savings plan assets 8,251 8,068
Other assets 5,448 5,413
-------- --------

TOTAL ASSETS $377,070 $364,388
-------- --------

LIABILITIES AND STOCKHOLDERS` EQUITY
CURRENT LIABILITIES:
Current portion of debt $ -- $ 1,000
Accounts payable and accrued expenses 33,788 32,905
Accrued salaries and related expenses 31,449 23,619
Deferred income taxes 9,552 11,888
Billings in excess of revenue earned 4,732 2,700
Liabilities held for sale 462 5,099
-------- --------

Total current liabilities 79,983 77,211
Debt--net of current portion 25,000 25,000
Deferred rent 1,988 1,838
Accrued retirement 9,676 9,555
Deferred income taxes 7,369 4,744
Minority interest 43 42
-------- --------

TOTAL LIABILITIES 124,059 118,390
-------- --------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS` EQUITY:
Common stock, Class A 163 163
Common stock, Class B 156 156
Additional paid in capital 206,861 206,861
Retained earnings 47,805 40,843
Accumulated other comprehensive loss (1,974) (2,025)
Deferred compensation 640 640
Shares held in grantor trust (640) (640)
-------- --------

TOTAL STOCKHOLDERS` EQUITY 253,011 245,998
-------- --------

TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY $377,070 $364,388
-------- --------



MANTECH INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in Thousands)


Three months ended March 31,
----------------------------
2003 2002
---- ----

(unaudited) (unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 6,962 $ 4,573
Adjustments to reconcile net income to
net cash used in operating activities:
Equity in losses (earnings) of
affiliates 874 (297)
Deferred income taxes (570) (2,586)
Minority interest in income of
consolidated subsidiaries 1 2
Loss on disposals of property and
equipment -- 6
Depreciation and amortization 1,412 864
Change in assets and liabilities--net of
effects from acquired and discontinued
businesses:
Increase in receivables (9,627) (10,106)
(Decrease) increase in prepaid
expenses and other (2,278) 4,752
Decrease in accounts payable and
accrued expenses (3,019) (2,871)
Increase (decrease) in accrued
salaries and related expenses 3,079 (945)
Increase (decrease) in billings in
excess of revenue earned 1,582 (196)
Increase (decrease) in deferred
rent 9 (3)
Increase (decrease) in accrued
retirement 121 (68)
-------- --------

Net cash used in operating activities of
continuing operations (1,454) (6,875)
-------- --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in property and equipment (879) (748)
Proceeds from sales of property and
equipment -- 1
Dividends from GSE Preferred Stock -- 17
Proceeds from notes receivable -- 250
Investment in capitalized software
products (504) (216)
Investment in Aegis Research Corporation (8) --
Investment in CTX Corporation (24) --
Investment in Integrated Data Systems,
net of cash acquired of $4,305 (61,601) --
Investment in MSM Security Service,
Inc., net of cash acquired of $20 (5,058) --
Dividends from MASI U.K. -- 286
-------- --------

Net cash used in investing activities of
continuing operations (68,074) (410)
-------- --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of not-to-compete financings (1,000) --
Proceeds from Common Stock issuance, net
of offering expenses -- 110,388
Net decrease in borrowings under lines
of credit -- (32,300)
Repayment of subordinated debt -- (8,000)
Repayment of term loan -- (5,908)
-------- --------

Net cash (used in) provided by financing
activities of continuing operations (1,000) 64,180
-------- --------

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS 33 (22)
-------- --------

NET CASH PROVIDED BY (USED IN) DISCONTINUED
OPERATIONS 2,050 (2,451)
-------- --------

NET (DECREASE) INCREASE IN CASH AND CASH
EQUIVALENTS (68,445) 54,422
CASH AND CASH EQUIVALENTS, BEGINNING OF
PERIOD 81,096 26,902
-------- --------

CASH AND CASH EQUIVALENTS, END OF PERIOD $ 12,651 $ 81,324
-------- --------




EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION,
AND AMORTIZATION (EBITDA)
(Dollars in Thousands)


Three Months Ended
March 31,
--------------------------
2003 2002
------------ ------------
(unaudited) (unaudited)

Net Income $ 6,962 $ 4,573
Plus: Interest Expense 334 217
Income Taxes 4,748 3,108
Depreciation and Amortization 1,412 864
Other Expense (Income) 622 (297)
Minority Interest 1 2
-------- --------
EBITDA $ 14,079 $ 8,467
-------- --------
EBITDA ROS% 9.5% 7.8%


NOTE: EBITDA is defined as net income plus interest expense, income
taxes, depreciation and amortization, other expense, minority
interest, and minus other income.

EBITDA as calculated by us may be calculated differently than EBITDA
for other companies. We have provided EBITDA because we believe it is
a commonly used measure of financial performance in comparable
companies and is provided to help investors evaluate companies on a
consistent basis, as well as to enhance an understanding of our
operating results. EBITDA should not be construed as either an
alternative to net income as an indicator of our operating performance
or as an alternative to cash flows as a measure of liquidity.


Conference Call

ManTech has scheduled a conference call for 5:00 p.m. Eastern time, during which senior management will discuss first quarter results and respond to questions. Interested parties may access the call by dialing [phone] or [phone]. The conference call will be Webcast (listen only) simultaneously via the web at www.mantech.com.

Interested parties should dial in or log on approximately ten minutes prior to the start time of the call.

A telephone replay of the call also will be available beginning at 8:00 p.m. Eastern on April 30, 2003 until midnight May 7, 2003. To access the replay, call [phone]. The confirmation code for the replay is 9690309. A replay also will be available on ManTech`s Website approximately two hours after the conclusion of the call.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense.

ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information can be found at www.mantech.com or by calling 703-218-8200.

Statements made in this press release which do not address historical facts, including the financial guidance provided in this press release, should be interpreted to be forward-looking statements. Examples of such forward looking statements include the Company`s Revenue and Diluted Earnings Per Share Guidance for 2nd Quarter 2003 and for the Full Year 2003, the Company`s belief that the Aegis Research, CTX, IDS and MSM acquisitions will provide the Company with numerous opportunities to continue to grow its revenues and expand its margins and the Company`s belief that there will be increased defense and intelligence spending in 2003. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure to successfully integrate the acquisitions into the company`s operations or realize any accretive effects from the acquisitions; changes to the tax laws relating to the treatment and deductibility of goodwill or any change in tax rates; additional costs related to compliance with the Sarbanes-Oxley Act of 2002, any revised NASDAQ listing standards, SEC rule changes or other corporate governance issues; failure to experience continued positive defense and intelligence budget and spending trend; failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the Company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of April 30, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
fax: [phone]
[e-mail]
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

U.S. Department of State Awards $88.6 Million Worldwide Systems Fielding Contract to ManTech
Monday June 2, 4:20 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--June 2, 2003--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense, Department of State (DoS), and intelligence community customers, announced today that under a contract awarded by DoS, ManTech Security Technologies Corporation (MST) has been selected to support the Worldwide Systems Fielding (WSF) Program, an initiative to deploy state-of-the-art information technology systems and equipment to embassies and consulates worldwide.




The contract has an estimated value of $88.6 million covering a one-year base period and four one-year options.

MST, a subsidiary of Fairfax, Virginia based ManTech International Corporation, has assembled a team of contractors to support the WSF effort. This team consists of ManTech, Allied Technology Group, Inc., GLOTECH, Inc., Atlantic CommTech (ACT), and Worldwide Information Network Systems (WINS). The ManTech Team has extensive experience and a proven track record of success in supporting information technology system fielding projects within the DoS and other Federal Government organizations.

Under the terms of the contract, ManTech will support the DoS Information Resource Management Bureau`s Program Management Analysis (PMA) Division, which is chartered to manage life-cycle support associated with the deployment of worldwide classified and unclassified information technology systems and to support communications and network infrastructures. In support of WSF, ManTech will provide expert professional staff in a wide variety of program management, systems design and integration, technical, logistics, and administrative disciplines to assist PMA in the deployment of state-of-the art global systems fully capable of supporting the DoS foreign affairs mission. The contract will be administered by the Department of State Acquisitions Management office, under the General Services Administration`s (GSA) Professional Engineering Services schedule.

Commenting on the contract win, ManTech Chairman of the Board, CEO and President, George J. Pedersen stated, "ManTech has a strong track record of success supporting State Department programs, and the WSF win presents an excellent opportunity to continue that tradition."

MST President Dr. Kurt J. Snapper, commented, "The ManTech Team is committed to supporting the State Department WSF mission in the same way that we have supported similar programs in the past--delivering first-rate services based on our in-depth knowledge of the State Department and our experience with worldwide systems fieldings. We welcome this opportunity to support the State Department on this important program and look forward to building on our relationship with the Bureau of Information Resource Management."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Examples of such forward looking statements include continuing to perform the contract for the base period and all contract option periods and the ability to build on our relationship with the DoS`s Bureau of Information Resource Management. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; failure to experience favorable results from acquisition synergies; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of June 2, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Selected for MEDCOM Configuration Management and Systems Technical Support
Monday June 9, 4:15 pm ET
Critical Healthcare Systems to be Supported


FAIRFAX, Va.--(BUSINESS WIRE)--June 9, 2003--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solutions provider supporting Department of Defense and intelligence community customers, announced today that the United States Army Medical Command (MEDCOM), Fort Sam Houston, Texas has selected ManTech Solutions and Technologies Corporation (MSTC) to continue to provide the Brooke Army Medical Center (BAMC), Fort Sam Houston, Texas, Information Management Division with on-site configuration management and non-DOD systems technical support. This support includes all Non-DOD servers, workstations, peripheral devices, desktop applications (to include software and hardware installations and virus/security updates), print and document management, electronic mail and document management/imaging and overall project support.
Commenting on the decision, Anthony Verna, Vice President of Enterprise Solutions for the ManTech Information Technology Group said, "Our ability to understand the complex systems in place at the Brooke Army Medical Center and our overall strengths in Network Engineering and Desktop Services combined with our current support to the DoD Systems at BAMC enable a very comprehensive and repeatable solution for other DoD Medical Treatment Facilities."

The contract was awarded to ManTech under a competitive solicitation from Army Contracting Agency - Southern Region, Directorate of Contracting, Fort Sam Houston. The value is $436,600 for the 5 month base period, with an option year valued at $1,060,090. Brad Feldmann, ManTech International Corporate Senior Vice President and President of the company`s Information Technology Group, said, "Today`s announcement underscores the importance of our focus on supporting critical DoD Healthcare efforts. Not only is BAMC a premier DoD Healthcare facility, it`s overall mission is critical to the entire San Antonio region."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Examples of such forward looking statements include being able to sell the repeatable solution for other DoD Medical Treatment Facilities and performing the contract for the five month base period and one -year option. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of June 9, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]
or
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Awarded $8.9 Million Navy Contract Modification for Acoustics Engineering Support
Tuesday July 1, 4:15 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--July 1, 2003--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solutions provider supporting Department of Defense and intelligence community customers, announced today that the Naval Surface Warfare Center, Carderock Division (NSWCCD), West Bethesda, MD has awarded ManTech Systems Engineering Corporation (MSEC) a modification to a previously awarded contract for additional engineering and technical support for the design, development, operation and maintenance of Naval vehicle ship acoustics and acoustic technology.
The $8.9 million contract modification awarded to MSEC, a subsidiary of ManTech International Corporation, increases the estimated remaining value of the contract to $19.9 million. Under the terms of the contract, MSEC will provide engineering services and technical support to NSWCCD Signatures Directorate which is responsible for coordination of ship acoustics and acoustic technology programs.

NSWCCD uses unique systems of sensors, signal conditioning, recording, advanced digital signal processing, and analysis components to meet the requirements of complex measurement and evaluation of Naval acoustic and electromagnetic fields and acoustic systems. NSWCCD also has requirements for the advancement of measurement capabilities through the infusion of emerging technology into existing assets or new systems and processes. MSEC is responsible for providing services for the operation and maintenance of the systems, and for the design, fabrication, assembly, test, evaluation, and procurement of new systems in support of the NSWCCD evaluation requirements.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Examples of such forward looking statements include continuing to perform the contract, as modified, throughout the full term. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of July 1, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
fax: [phone]
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

Reuters
UPDATE - CACI boosts forecast on security boom, stock soars
Tuesday July 8, 2:27 pm ET


(Recasts, adds analyst comment, details about company)
NEW YORK, July 8 (Reuters) - CACI International Inc.(NYSE:CAI - News), a designer of high-security computer networks for U.S. government agencies, on Tuesday raised its forecast of 2004 net income more than 20 percent, thanks to improved defense and homeland security businesses.

ADVERTISEMENT


Shares of the company soared 11 percent in mid-afternoon New York Stock Exchange (News - Websites) trading to $38.01, while shares of industry peers like Anteon International Corp. (NYSE:ANT - News) also rose.

CACI`s bright outlook reflects an overall hot defense information technology sector. Demand for technology products has thrived as the U.S. government allocates more money to improving security by linking various agencies and implements an overall transformation plan for armed forces.

"The al Queda guys aren`t going away anytime soon, and with all the stuff going on in Iraq, the demands for the goods and services that CACI and other names in the sector provide isn`t going to abate," said Tom Meagher, an analyst for BB&T Capital Markets, who has a `strong buy` rating on the stock.

CACI designs and manages high-security networks for the Department of Defense, as well as provides analysis for the intelligence community.

The Arlington, Virginia-based company said revenue for the fiscal year, which began on July 1, 2003, will exceed $1 billion, with net income expected to range from $53.1 million to $54.7 million.

That will be 21 percent to 27 percent higher than the previously announced expected fiscal year 2003 net income of $43.0 million to $43.9 million, CACI said.

"This demand is being driven by the government`s response to ongoing global threats to national security that are nontraditional in nature and diverse in their origins, and the changes to the operation and culture of the U.S. government to meet those challenges," the company said in a statement.

Fiscal 2004 earnings per diluted share should range from $1.77 to $1.82, the company said. The Thomson First Call estimate had projected a consensus earnings estimate of $1.72 per share.

The company said the earnings forecast does not include any acquisitions that may occur during the year but does include about $52 million to $53 million from the recent purchase of Premier Technology Group Inc.

Margins will also show a slight increase, the company said, through control of indirect costs and selling expenses along with lower depreciation and amortization expenses and an improved mix of business.

For the fiscal first quarter, CACI said it sees revenue ranging from $233 million to $240 million, up 24 percent to 28 percent from $188 million in the year-ago period. Net income is seen at $12.3 million to $12.7 million in the quarter, or 41 to 43 cents per diluted share, up from $9.4 million, or 32 cents a share previously.

CACI said its objectives for the next three years are to increase revenue at 20 percent annually and net income at a slightly higher rate with net profit margins at or above the current 5.2 percent.

Related companies saw their shares rise after the CACI announcement. Anteon advanced 80 cents, or 2.8 percent, to $29.31, while ManTech International Corp. (NasdaqNM:MANT - News) rose 48 cents, or 2.4 percent, to $20.63.

More than 1.3 million CACI shares had traded by mid-afternoon, more than double the average daily volume of 460,000 shares as calculated over the past three months.

(Additional reporting by Chelsea Emery in New York)

[panik]

U.S. Air Force Awards ManTech $6.8 Million Space Control Information and Missions Systems Support Contract
Wednesday July 9, 8:13 am ET


FAIRFAX, Va.--(BUSINESS WIRE)--July 9, 2003--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that the U.S. Air Force 21st Space Wing based in Colorado Springs, Colorado has awarded ManTech Aegis Research Corporation (MARC) the Space Control Information and Mission Systems Support (SCIMSS) contract. Competitively awarded under the GSA IT Services Schedule, the SCIMMS contract has an estimated value of $6.8 million covering a six month base period and three one-year options.
Commenting on the award, ManTech National Security Solutions Group President Evan Hineman, stated "The SCIMMS win is an excellent example of business synergy between an established ManTech subsidiary, ManTech Advanced Systems International, Inc. and a recent acquisition, neither of which would have competed separately for this work--we are very pleased with this award."

Under the terms of the contract, ManTech will provide a broad range of information technology services to four Air Force operations locations in the western United States, expanding ManTech`s support to Air Force space activities in the areas of network support and operations and maintenance.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release which do not address historical facts could be interpreted to be forward-looking statements. Examples of such forward looking statements include the company`s ability (i) to continue to experience synergies from the integration of previous merger and acquisition activity, (ii) to expand its core competencies of network and operations and maintenance support to Air Force space activities and (iii) to perform the contract for the entire six-month base period and three one-year options. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited, to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; failure to experience favorable results from acquisition synergies; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of July 9, 2003, and the Company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703/218-8200
703/218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

Best Bets in Tech Stocks
Wed Jul 16, 2:00 PM ET Add Business - NewsFactor to My Yahoo!


Vincent Ryan , www.NewsFactor.com

After a long dry season, IT stocks are back in vogue. Individual investors and asset managers once again are warming to the idea that information-technology companies have future earnings power that will produce a rise in the prices of their equities. So, which technology stocks should investors be looking at?
With the Internet boom over, many investors will be returning to tried-and-true names of old, with some exceptions. No matter which equities an investor is considering, however, one caveat applies: Recent market performance has driven the prices of these stocks to at or near 52-week highs, so investors should be considering these stocks for the long term, not for quick capital gains.


Secure Securities


Most software stocks have been decimated by the industry downturn, but some markets are more stable than others, Mike Trigg, stock analyst at Morningstar.com, told NewsFactor. Database companies, in particular, belong on investors` radar screens. "It`s not fast-growing, but it`s a cash cow that continues to hold up," Trigg said. Oracle (Nasdaq: ORCL - news) was one of the few companies last quarter to show growth in license revenue, he noted.


The market segment with the best prospects is security software and hardware, an area that continues to attract investments by IT departments. "While security has been hurt by the downturn, it`s seen as a mission-critical, must-have [technology]," Trigg said.


Check Point Software Technologies (Nasdaq: CHKP - news) and Symantec (Nasdaq: SYMC - news) are two companies benefiting. Both stocks have been on a big run lately, however, and are "pretty expensive," according to Trigg. "There`s isn`t one software stock that I`m remotely bullish on from a valuation perspective," he commented. "The rally that we`ve seen in software stocks this year is not completely supported by the fundamentals."


Trigg cited firewall maker NetScreen Technologies (Nasdaq: NSCN - news) as a company that is getting a lot of support. The stock is trading near its 52-week high, and a recent report by Infonetics showed that the company is No. 1 in high-end firewall and virtual private network devices, with a market share of 32 percent. It also moved up to second place in the mid-range category, where it boasts a 17 percent market share.


Investors awaiting a turnaround in software should look for companies showing positive year-over-year growth in license revenue, Trigg suggested.


Hard Choices in Hardware


Among PC and enterprise (news - web sites)-hardware stocks, the pickings are slim. Although CIO sentiment is more optimistic due to rising stock prices and a general stabilizing of the economy, this is not translating into new application deployments or upward revisions to IT budgets, according to Richard Gardner, equity analyst at Citigroup Smith Barney. "It appears that most CIOs remain in `consolidate, simplify and re-centralize` mode," Gardner told NewsFactor.


The valuations for companies like IBM (NYSE: IBM - news) and Dell (Nasdaq: DELL - news) are near their peaks, and the lack of near-term earnings upside potential makes them tough picks. However, Gardner believes Dell deserves a "premium valuation" relative to its peers and the broad market due to above-market growth, impressive asset management, a 40 percent return on invested capital, and "extremely strong" free cash flow. Dell recently passed Gardner`s US$32 price target for the stock, which he originally set almost a year ago.


Another stock Gardner likes is Hewlett-Packard, which has a broad enough product portfolio to insulate it from some of the weakness in IT demand. Several pieces of HP`s (NYSE: HPQ - news) business may not grow, according to Gardner -- notably PCs and monochrome laser printers. However, he predicts that several other product categories will see an uptick -- inject hardware, commercial printing and Intel-based servers among them.


Many PC and enterprise-hardware companies probably will report cautious guidance for the third quarter when they release their upcoming second-quarter results, Gardner says. The lack of signs of acceleration in domestic IT spending and "persistent economic weakness in Europe" will be the main culprits.


Hewlett-Packard is also a top pick of Lehman Brothers analyst Dan Niles. On a valuation basis, the stock has a 30 to 40 percent upside relative to the S&P 500 and IBM, Niles said. HP also has an improving cash position, based on the fact that restructuring costs from its merger with Compaq will be behind it. Additionally, the company is maintaining and growing share in the PC market.


Chips Benefit


The demand for PCs will ramp up in the third and fourth quarters, Niles believes, and that will be good news for stocks like Intel (Nasdaq: INTC - news) and Micron Technologies (NYSE: MU - news). Global events, such as the SARS (news - web sites) outbreak in Asia and the war in Iraq (news - web sites), depressed demand in the first six months of the year, but this summer should be the best for PC demand since 1999, Niles said.


Intel, in particular, will continue to do well. "They`re in the best competitive position they`ve ever been in relative to AMD," Niles said. Intel`s Centrino mobile technology and its Madison release, which should finally initiate some demand pull on the server side, contribute to the positive outlook.





IT service companies have been hit hard by weak demand, but two areas of IT services are bucking the trend and turning in positive numbers. The first is IT firms specializing in offshore outsourcing, in particular those tapping software-development expertise in India, Joseph Vafi, senior vice president at Jefferies & Company, told NewsFactor. "These stocks are posting 40 percent to 50 percent organic revenue growth, Vafi said.

Vafi cited Cognizant Technology Solutions (Nasdaq: CTSH - news), and Infosys Technologies (Nasdaq: INFY - news) as two stocks to watch. Cognizant recently raised its second-quarter revenue and earnings expectations. Infosys, India`s largest listed software-services company, recently reported a 28 percent rise in net profit for its first fiscal quarter. The company also raised its earnings-per-share forecast for the fiscal year ending March 2004.

Among other services firms reaping the rewards of the current business climate are those focused on serving the defense and intelligence arms of the federal government, Vafi said. "Budgets are good there, and the types of contract vehicles are more attractive in terms of profitability," he pointed out. Vafi expects solid financial performance from these companies for at least the next two years.

Companies To Watch

Anteon International (NYSE: ANT - news), Mantech International (Nasdaq: MANT - news) and MTC Technologies (Nasdaq: MTCT - news) all play in this market. Anteon recently won a $9.9 million contract from the Air Force Research Laboratory to assess technologies in propulsion integration, weapons integration, and advanced air vehicle and model design. Mantech was recently awarded an $8.9 million contract from the U.S. Navy (news - web sites) for engineering and technical support for the design of naval vehicle ship acoustics. And MTC Technologies nabbed a $47.7 million, six-year contract from the U.S. Air Force to upgrade the MH-53J helicopter fleet.

Given the rise in the values of some of the well-known tech stocks, these relative unknowns in the service sector demand some attention. Many tech investors have been burned on upstarts before, but in this market, companies with this much earnings upside are rare.

[panik]

ManTech Awarded Multi-million Dollar NSA Contract
Monday July 28, 6:34 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--July 28, 2003--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that the National Security Agency (NSA) has awarded ManTech Advanced Systems International, Inc. (MASI) a contract to provide full life cycle engineering, operations, and maintenance support. The contract covers a base period of eighteen months and four one-year options.
MASI, a subsidiary of ManTech International Corporation, operates under ManTech`s National Security Solutions Group, the lead ManTech business unit supporting intelligence community customers. Evan Hineman, President of the National Security Solutions Group, commented on the award, stating, "This is a great win for ManTech, a continuation of our long-term relationship with NSA as well as a significant expansion of the scale of our effort in support of its intelligence mission."

ManTech will provide a wide variety of technical support services under the contract including: system operations and maintenance, engineering support, configuration management, integrated logistics, and lifecycle support for several NSA mission-related systems. ManTech is ISO Certified for all engineering, design and test operations. On the winning team with ManTech on this effort are Northrop Grumman Mission Systems and Engineering Solutions, Inc. as subcontractors.

ManTech International Corporation Chairman of the Board, CEO and President, George J. Pedersen noted the significance of the contract win stating, "We are very pleased to have been selected for this contract--a positive reflection of our two decades of service to NSA and further evidence of our commitment to expand our services in support of intelligence community customers across the government."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Examples of such forward looking statements include being awarded all options to perform the contract for the period. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; failure to experience favorable results from acquisition synergies; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of July 28, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703-218-8200
703-218-8296 (fax)
[e-mail]



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Reports Record Second Quarter Results and Final Integration of Acquisitions
Wednesday July 30, 4:23 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--July 30, 2003--ManTech International Corporation (Nasdaq:MANT - News), a leading provider of information technology and technical services solutions to the Department of Defense and the intelligence community, today announced record operating results for the second quarter and increased earnings and revenue guidance for the full year 2003. ManTech`s revenue for the second quarter 2003 was $177.1 million, an increase of 48.6% over the same period in 2002, and fully diluted Earnings Per Share (EPS) rose 55.6% to $0.28. The company also announced the completion of the integration of its recently acquired companies and the consolidation of operations across the enterprise.
ADVERTISEMENT


"ManTech`s strong second quarter results demonstrate the value of our unified business platform--we have completed the integration of all four acquisitions and carried out additional consolidation among these acquisitions and the other ManTech operations," stated George J. Pedersen, Chairman of the Board, CEO and President of ManTech International Corporation. "The Company is now optimized to take advantage of strong budget and spending trends on priority national security programs--we see continued strong top line growth and solid margins. ManTech`s success in this quarter affirms our strategy to focus our business development and acquisition efforts on high priority work for the national security community, where we continue to have excellent revenue visibility. We expect favorable spending and budget trends to continue to sustain our growth well into 2005."

ManTech International Corporation reported revenue for the quarter ending June 30, 2003 of $177.1 million, up from $119.2 million for the same period in 2002, an increase of 48.6%. The results reflect an organic growth rate of 13.0% over the $156.7 million in pro forma revenue for the comparable period in 2002 which includes the revenue for each period of the companies acquired by ManTech since that time. This revenue growth was primarily attributable to new business supporting national security programs for the intelligence community and Department of Defense.

Operating income for the quarter was $15.3 million, an increase of 64.1% over 2002. Operating margin for the quarter expanded to 8.6% compared with 7.8% for the same period in 2002. The margin expansion in the quarter is attributable both to higher margin contributions from acquired companies and to operating efficiencies. Net income for the quarter rose 82.6% to $8.9 million from $4.9 million in 2002. Fully diluted EPS were $0.28, up from $0.18 in 2002.

ManTech also announced the completion of the integration of the four companies it had acquired in the past year, as well as the consolidation of various operations across the enterprise. The National Security Solutions Group (NSSG), the primary group supporting intelligence community customers, consolidated six business units into three core operations focusing on mission critical systems development, security, and intelligence operations. ManTech also announced the formation of the Defense Systems Group (DSG), a consolidation of DoD-related operations from NSSG and the Systems Engineering Group, to focus on Department of Defense Armed Services customers. The company`s Information Technology Group will continue to focus on enterprise support services for federal agencies.

ManTech reported recent contract awards and contract expansions with an estimated value in excess of $250 million, including previously unannounced classified contract awards and existing contract expansions totaling approximately $150 million. Demonstrating the capabilities of the Company in both expansion of existing customer relationships and in leveraging its enhanced market position provided through its acquisitions, ManTech highlighted its second quarter contract announcements which included the $88.6 million contract award in support of State Department IT modernization efforts and the $6.8 million Air Force award that resulted from a joint business development effort by an established ManTech operation and a newly acquired company.

ManTech reported backlog of $1.5 billion as of June 30, 2003, compared with $1.1 billion on the same date in 2002. Funded backlog as of June 30, 2003 was $342.2 million, an increase of 69.3% over the same date in 2002. GSA schedule contract value at June 30, 2003 was estimated at $1.1 billion, up from $939.2 million on the same date in 2002. At the end of the second quarter, ManTech had approximately $700 million in proposals under evaluation and a pipeline of qualified opportunities exceeding $4.5 billion.

ManTech derived 90.1% of its revenue during the quarter ended June 30, 2003 from prime contracts, and approximately 39% of its revenue for the period came from work under GSA schedule contracts. Revenue from the Department of Defense and the intelligence community accounted for 88.7% of revenue for the second quarter ending June 30, 2003. Revenue from work in secure systems and information technology solutions increased to 81.7% of revenue in the second quarter 2003 from 74.7% in 2002.

ManTech increased 2003 fiscal year guidance to reflect strong performance in the first half of the year and positive spending trends in its core intelligence community and DoD markets:

-0-

----------------------------------------------------------------------
3rd Quarter 2003 Full Year 2003
----------------------------------------------------------------------
Revenue $180 million - $695 million -
$184 million $705 million
----------------------------------------------------------------------
Diluted Earnings Per Share $0.28 - $0.29 $1.07 - $1.09
----------------------------------------------------------------------
Weighted Average Common
Shares Outstanding 32,235,633 32,133,084
----------------------------------------------------------------------

Conference Call

ManTech has scheduled a conference call for 5:00 p.m., EDT July 30, 2003, during which executive management will discuss second quarter results and respond to questions. Interested parties may access the call by dialing 800-759-3578 or 706-679-7301. The conference call will be Webcast (listen only) simultaneously via the Internet at www.mantech.com. Interested parties should dial in or log on approximately ten minutes prior to the start time of the call.

A replay of the call will also be available beginning at 9:00 p.m. on July 30, 2003, and will remain available through midnight on August 6, 2003. To access the replay, call 800-642-1687 or 706-645-9291. The confirmation code for the replay is 1578232. A replay will also be available on ManTech`s Website approximately two hours after the conclusion of the call.

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information can be found at www.mantech.com or by calling 703-218-8200.

This press release contains forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by forward-looking words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "continue" and other similar words. You should read statements that contain these words carefully because they discuss the Company`s future expectations, make projections of the company`s future results of operations or financial condition or state other forward-looking information. Examples of such forward-looking statements include the company`s expected future earnings as suggested by backlog and GSA schedule value estimates; updated guidance projections; and the company`s belief that there will be increased defense and intelligence spending in the future. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; the company`s ability to identify, execute or effectively integrate future acquisitions; the company`s ability to successfully raise additional capital; changes to the tax laws relating to the treatment and deductibility of goodwill or any change in tax rates; additional costs related to compliance with the Sarbanes-Oxley Act of 2002, any revised NASDAQ listing standards, SEC rule changes or other corporate governance issues; failure to experience continued positive defense and intelligence budget and spending trends; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of July 30, 2003, and the company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.

Financials Follow

-0-

MANTECH INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Dollars in Thousands Except Per Share Amounts)

Three months ended Six months ended
June 30, June 30,
----------------------- -----------------------
2003 2002 2003 2002
----------- ----------- ----------- -----------

(unaudited) (unaudited) (unaudited) (unaudited)

REVENUES $177,076 $119,168 $325,199 $227,302
COST OF SERVICES 144,350 97,280 264,132 185,890
----------- ----------- ----------- -----------
GROSS PROFIT 32,726 21,888 61,067 41,412
----------- ----------- ----------- -----------
RETURN ON SALES % 18.5% 18.4% 18.8% 18.2%
COSTS AND EXPENSES:
General and
administrative 16,195 12,057 30,934 23,490
Depreciation and
amortization 1,242 516 2,177 1,004
----------- ----------- ----------- -----------
Total costs
and expenses 17,437 12,573 33,111 24,494
----------- ----------- ----------- -----------
INCOME FROM OPERATIONS 15,289 9,315 27,956 16,918
RETURN ON SALES % 8.6% 7.8% 8.6% 7.4%

Interest expense
(income) 687 (14) 1,021 203
Other (income) expense (352) (225) 270 (522)
----------- ----------- ----------- -----------
INCOME BEFORE
PROVISION FOR INCOME
TAXES AND MINORITY
INTEREST 14,954 9,554 26,665 17,237

Provision for income
taxes(a) (6,075) (3,896) (10,823) (7,004)

Minority interest (2) (1) (3) (3)
----------- ----------- ----------- -----------
INCOME FROM CONTINUING
OPERATIONS 8,877 5,657 15,839 10,230
Loss on disposal of
discontinued
operations--net -- (795) -- (795)
----------- ----------- ----------- -----------
NET INCOME $8,877 $4,862 $15,839 $9,435
=========== =========== =========== ===========
BASIC EARNINGS (LOSS)
PER SHARE:
Income from
continuing
operations $0.28 $0.21 $0.50 $0.42
Loss from
discontinued
operations -- (0.03) -- (0.03)
----------- ----------- ----------- -----------
$0.28 $0.18 $0.50 $0.39
=========== =========== =========== ===========

Weighted average
common shares
outstanding 31,941,783 26,373,719 31,928,870 24,553,641
=========== =========== =========== ===========
DILUTED EARNINGS
(LOSS) PER SHARE:
Income from
continuing
operations $0.28 $0.21 $0.50 $0.41
Loss from
discontinued
operations -- (0.03) -- (0.03)
----------- ----------- ----------- -----------
$0.28 $0.18 $0.50 $0.38
=========== =========== =========== ===========
Weighted average
common shares
outstanding 31,994,687 26,697,911 31,964,829 24,838,112
=========== =========== =========== ===========

(a) NOTE: ManTech reported cash tax savings related to the four
recent acquisitions of $1.1 million during the second quarter of 2003
due to the deductibility of $153.4 million of goodwill and related
intangibles. The goodwill and related intangibles are deductible
because ManTech and the shareholders of the acquired companies made a
joint section 338(h) (10) election under the federal Tax Code.


MANTECH INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in Thousands)

Six months ended
June 30,
-----------------------
2003 2002
----------- -----------
(unaudited) (unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $15,839 $9,435
Adjustments to reconcile net income to net
cash provided by (used in) operating
activities:
Equity in losses (earnings) of affiliates 781 (483)
Loss from discontinued operations -- 795
Deferred income taxes (1,928) (2,995)
Minority interest in income of
consolidated subsidiaries 3 3
Loss on disposals of property and
equipment 11 8
Depreciation and amortization 3,107 1,749
Change in assets and liabilities--net of
effects from acquired and discontinued
businesses:
Increase in receivables (5,752) (11,786)
(Increase) decrease in prepaid
expenses and other (1,643) 2,374
Decrease in accounts payable and
accrued expenses (708) (2,439)
(Decrease) increase in accrued
salaries and related expenses (3,159) 467
Increase in billings in excess of
revenue earned 1,988 306
Increase (decrease) in other long-
term liabilities 86 (51)
Increase in accrued retirement 403 540
----------- -----------
Net cash provided by (used in) operating
activities of continuing operations 9,028 (2,077)
----------- -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of property and
equipment 1 2
Investment in Integrated Data Systems, net
of cash acquired of $2,820 (63,139) --
Investment in MSM Security Services, Inc.,
net of cash acquired of $20 (5,093) --
Investment in property and equipment (1,884) (1,510)
Investment in capitalized software
products (1,015) (322)
Investment in CTX Corporation (37) --
Investment in Aegis Research Corporation (10) --
Dividends from MASI U.K. -- 286
Proceeds from notes receivable -- 250
Dividends from GSE Preferred Stock -- 75
----------- -----------
Net cash used in investing activities of
continuing operations (71,177) (1,219)
----------- -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of not-to-compete financings (1,000) --
Proceeds from exercise of stock options 160 268
Proceeds from common stock issuance--net
of offering expenses -- 110,157
Net decrease in borrowings under lines of
credit -- (32,300)
Repayment of subordinated debt -- (8,000)
Repayment of term loan -- (5,908)
----------- -----------
Net cash (used in) provided by financing
activities of continuing operations (840) 64,217
----------- -----------

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS (11) (135)

NET CASH PROVIDED BY (USED IN) DISCONTINUED
OPERATIONS 2,317 (2,772)
----------- -----------

NET (DECREASE) INCREASE IN CASH AND CASH
EQUIVALENTS (60,683) 58,014
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 81,096 26,902
----------- -----------

CASH AND CASH EQUIVALENTS, END OF PERIOD $20,413 $84,916
=========== ===========


MANTECH INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands)

June 30, December 31,
2003 2002
(unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $20,413 $81,096
Cash in escrow 1,485 --
Receivables--net 151,740 133,122
Prepaid expenses and other 10,992 8,955
Assets held for sale 819 6,738
----------- ------------

Total current assets 185,449 229,911
Property and equipment--net 11,258 9,131
Goodwill 146,233 94,003
Other intangibles 17,942 10,231
Investments 10,306 7,631
Employee supplemental savings plan assets 8,461 8,068
Other assets 5,906 5,413
----------- ------------

TOTAL ASSETS $385,555 $364,388
----------- ------------

LIABILITIES AND STOCKHOLDERS` EQUITY
CURRENT LIABILITIES:
Current portion of debt $76 $1,000
Accounts payable and accrued expenses 36,082 32,905
Accrued salaries and related expenses 24,822 23,619
Deferred income taxes 10,146 11,888
Billings in excess of revenue earned 5,138 2,700
Liabilities held for sale 643 5,099
----------- ------------

Total current liabilities 76,907 77,211
Debt--net of current portion 25,223 25,000
Accrued retirement 9,958 9,555
Other long-term liabilities 5,444 1,838
Deferred income taxes 5,390 4,744
Minority interest 45 42
----------- ------------

TOTAL LIABILITIES 122,967 118,390
----------- ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS` EQUITY:
Common stock, Class A 164 163
Common stock, Class B 156 156
Additional paid in capital 207,956 206,861
Retained earnings 56,682 40,843
Accumulated other comprehensive loss (1,827) (2,025)
Unearned ESOP shares (543) --
Deferred compensation 640 640
Shares held in grantor trust (640) (640)
----------- ------------

TOTAL STOCKHOLDERS` EQUITY 262,588 245,998
----------- ------------

TOTAL LIABILITIES AND STOCKHOLDERS` EQUITY $385,555 $364,388
----------- ------------


MANTECH INTERNATIONAL CORPORATION
EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION,
AND AMORTIZATION (EBITDA)
(Dollars in Thousands)

Three Months Ended Six Months Ended
June 30, June 30,
----------------------- -----------------------

2003 2002 2003 2002
----------- ----------- ----------- -----------
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Net Income 8,877 4,862 15,839 9,435
Loss from
Discontinued
Plus: Operations - 795 - 795
----------- ----------- ----------- -----------
Income from Continuing
Operations 8,877 5,657 15,839 10,230
Interest Expense
Plus: (Income) 687 (14) 1,021 203
Income Taxes 6,075 3,896 10,823 7,004
Depreciation and
Amortization 1,695 885 3,107 1,749
Other (Income)
Expense (352) (225) 270 (522)
Minority Interest 2 1 3 3
----------- ----------- ----------- -----------
EBITDA 16,984 10,200 31,063 18,667
----------- ----------- ----------- -----------
EBITDA ROS% 9.6% 8.6% 9.6% 8.2%

NOTE: EBITDA is defined as net income plus the loss from
discontinued operations, interest expense, income taxes, depreciation
and amortization, other expense, minority interest, and minus interest
income and other income.
EBITDA as calculated by us may be calculated differently than
EBITDA for other companies. We have provided EBITDA because we believe
it is a commonly used measure of financial performance in comparable
companies and is provided to help investors evaluate companies on a
consistent basis, as well as to enhance an understanding of our
operating results. EBITDA should not be construed as either an
alternative to net income as an indicator of our operating performance
or as an alternative to cash flows as a measure of liquidity.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703-218-8200
703-218-8296 (fax)
[e-mail]
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

ManTech Awarded Department of Justice Consolidated Office Network Blanket Purchase Agreement
Thursday September 11, 1:44 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Sept. 11, 2003--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solutions provider supporting Department of Defense and intelligence community customers, announced today that the Department of Justice (DOJ) has selected ManTech as one of three prime contractors to support the Justice Consolidated Office Network (JCON) Program. The Blanket Purchase Agreement (BPA), which will be administered by DOJ under a GSA federal supply services schedule, was awarded to ManTech by the DOJ`s Justice Management Division, Procurement Services Staff, under a competitive solicitation. The total value of the BPAs is estimated to be approximately $100 million per fiscal year for the three BPAs awarded, according to the solicitation. The DOJ anticipates the term of the BPA will be between five and ten years, depending on underlying schedule contracts and other factors.
ADVERTISEMENT


To support the JCON program, ManTech will lead a team of premier IT services providers including BAE Systems, Booz Allen Hamilton, High Performance Technologies Inc., ICF Consulting, JenX Systems, Knowledge Consulting Group, Learning Systems International, PEC Solutions Inc., Perot Systems Government Services, and PlanetGov Inc.

Commenting on the award, George J. Pedersen, ManTech International Corporation Chairman of the Board, CEO and President stated, "We are very pleased to have been selected for this assignment which recognizes our strong capabilities as a leading IT services provider. The Department of Justice is a strategic customer for ManTech, and this win demonstrates ManTech`s commitment to expand our presence on high-priority, large-scale IT initiatives in support of key national programs."

The JCON Program is a comprehensive IT infrastructure and support initiative which provides a reliable and robust common office automation platform upon which fourteen of the DOJ`s litigating, management, and law enforcement components operate their mission critical applications. JCON also provides the infrastructure to access case management and other mission-related databases, e-Gov applications, and the Department`s law enforcement, litigation, and administrative systems. JCON utilizes an established Systems Development Life Cycle (SDLC) methodology for developing the Standard Architecture and deploying JCON systems.

Brad Feldmann, ManTech International Corporate Senior Vice President and President of the company`s Information Technology Group, which will lead the ManTech effort on JCON, noted, "We are excited about supporting the DOJ on this critical program--our approach and capabilities, supplemented by the strengths and expertise of our team, will enable ManTech to provide advanced, comprehensive, customer-focused solutions."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and 34 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Examples of such forward looking statements include the ability of ManTech to provide advanced comprehensive customer-focused solutions to the customer and performing the contract for the period indicated. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of September 11, 2003, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



--------------------------------------------------------------------------------
Contact:
ManTech International Corporation, Fairfax
Peter LaMontagne, 703-218-8200
703-218-8296 (fax)
[e-mail]
or
www.mantech.com



--------------------------------------------------------------------------------
Source: ManTech International Corporation

[panik]

8:13AM ManTech upgraded at RBC Capital (MANT) 22.50: RBC Capital upgrades to Outperform from Sector Perform and raises their target to $29 from $26, saying the stock`s valuation does not reflect industry demand strength or core business fundamentals; firm continues to believe defense and intelligence agency spending will remain at robust levels in the 12-15%+ organic growth range in a number of service areas; also, it appears that the FY04 defense budget is on track to get signed in Oct, and President Bush has also asked for supplemental funds of $87 bln that is also expected to get fast tracked for approval; MANT generates nearly 89% of total rev from Dept of Defense and Intelligence contracts, with about 68% from Intelligence agencies.

[panik]

Dow Jones Business News
Consolidation Hopes Lift Shares of Defense IT Companies
Tuesday September 16, 1:28 pm ET
By Elizabeth Souder


NEW YORK -- Lockheed Martin Corp.`s purchase of defense information- technology company Titan Corp. (NYSE:TTN - News) gave other small information-technology companies a boost Tuesday as investors consider which might be the next takeover target.
ADVERTISEMENT


Shares of systems-integration and network-design company ManTech International Corp. (NasdaqNM:MANT - News) lead the rise, up $2.80, or 11.7%, at $26.70, shortly after 1:15 p.m. EDT. Earlier, they reached a new high of $26.95; the previous high was $ 25.50 on Oct. 17.

Shares of Anteon International Corp. (NYSE:ANT - News) , which sells IT and systems- engineering services to governments, were up $2.13, or 6.7% at $33.88, while those of CACI International Inc. (NYSE:CAI - News) , a defense IT, systems-integration and information-security company, were up $2.53, or 5.6% at $47.81.

Chris Mecray, analyst with Deutsche Bank in New York, said the Lockheed deal with Titan confirms that the sector continues to consolidate.

"There`s plenty of interest out there," said Mr. Mecray, who doesn`t own any defense shares. "It`s an active consolidating market."

But he said deals may come slowly, rather than right away. He doesn`t think any of the big defense companies have holes in their services that must be filled immediately.

Lockheed`s purchase of Titan, a San Diego defense computer-system developer, for $1.8 billion in cash and shares is the second such purchase by a major defense company this year.

In August, General Dynamics Corp. (NYSE:GD - News) completed the acquisition of Veridian Corp., a network security and intelligence company.

Big defense contractors are eager to get their hands on the network-technology companies as the U.S. has changed its approach to defense to more intelligence gathering, which requires sophisticated computer networks, rather than big guns and equipment.

It`s the "Rumsfeldian vision of network defense," said Tim Quillin, analyst with Stephens Inc., referring to U.S. Defense Secretary Donald Rumsfeld`s push for more intelligence gathering and homeland security since Sept. 11, 2001.

"IT services are in the sweet spot for defense spending," said Mr. Quillin, who doesn`t own any defense shares. Stephens seeks investment-banking relationships with the defense companies. Even a change of administration in the U.S. probably wouldn`t stem the tide of defense spending on technology, though a different administration may cut spending on big-ticket items, like tankers, he said.

Plus, since the U.S. defense budget has swelled, defense contractors have plenty of cash on hand for takeovers.

That isn`t to say that another takeover of a defense IT company is imminent. Analysts couldn`t name any particular takeover candidate, nor a defense company that on the lookout for a specific kind of product or capability. But most analysts think the general urge to consolidate will continue for the next few years.

Last week chief executives of the largest U.S. defense contractors said they aren`t in the market for big mergers, but are keeping their eyes open for smaller companies that add technology or capabilities to their offerings.

Nicholas Chabraja, chief executive of General Dynamics, said at a conference last week that the IT area still offers a lot of acquisition opportunities, even after his company bought Veridian.

"The information systems and technology area, where we participate, is a fragmented market. It`s evidenced by frequent competitions, a lot of teaming, a lot of partnering, so there`s a lot of opportunity to make acquisitions in this area," Mr. Chabraja said, adding there is "also a lot of opportunity to make mistakes."

Ron Sugar, chief executive of Northrop Grumman Corp. (NYSE:NOC - News) said at the same conference it is unlikely his company will do any big acquisitions any time soon.

"Like any company, we`re in business. Our M&A department is still open. We are looking at properties," Mr. Sugar said. But he said Northrop doesn`t have any specific holes that must be filled. "There`s nothing that we`re on the prowl for," he said.

-By Elizabeth Souder, Dow Jones Newswires; 201-938-4148; [e-mail]

[panik]

U.S. Department of Homeland Security Awards Two Contracts Totaling $33.1 Million to ManTech
Monday January 12, 2:41 pm ET


FAIRFAX, Va.--(BUSINESS WIRE)--Jan. 12, 2004--ManTech International Corporation (Nasdaq:MANT - News), a Fairfax, Virginia-based IT and technical services solution provider supporting Department of Defense and intelligence community customers, announced today that the U.S. Department of Homeland Security (DHS) has awarded ManTech Integrated Data Systems Corporation (MIDS) two contracts. The first contract involves program management and strategic planning requirements with an estimated value of $11.5 million. Under the second contract, MIDS will be involved in the design, development, and implementation of information technology capabilities and infrastructure. This second contract has an estimated value of $21.6 million. Awarded under GSA Schedule, both contracts have a combined contract value of $33.1 million and each covers a three month base period and four one-year option periods.
As prime contractor on the projects, MIDS, a subsidiary of ManTech International Corporation, has assembled a team of contractors to support the DHS effort. This team consists of ManTech, Homeland Solutions, Inc., and Center for Systems Management (CSM). Collectively and individually, the ManTech team has extensive experience and a proven track record of success in supporting counterterrorism strategic planning and information technology development and engineering within the intelligence community and other federal government organizations.

Under the terms of the contracts, ManTech will support the Information Analysis/Infrastructure Protection (IAIP) Directorate, which is chartered to:

identify and assess the nature and scope of terrorist threats to the homeland; detect and identify threats of terrorism against the United States; and, understand such threats in light of actual and potential vulnerabilities of the homeland.
integrate relevant information, analyses, and vulnerability assessments in order to identify priorities for protective and support measures by the department, other agencies of the federal government, state and local government agencies and authorities, the private sector, and other entities.
ManTech will be involved in the IAIP mission in a wide variety of program management, strategic planning, training, governance and facilitation services, systems design and integration, software engineering, security engineering, and system administration activities in the establishment of a state-of-the art analytic analysis environment.

Commenting on the opportunity to support this key DHS initiative, ManTech International Corporation`s Chairman of the Board, CEO and President, George J. Pedersen stated, "ManTech has a strong track record of success supporting counterterrorism programs, and we are pleased to continue that tradition through this relationship with IAIP."

MIDS President, Robert A. Coleman, commented, "The ManTech team is committed to supporting the IAIP mission in the same way that we have supported similar programs in the past--applying our in-depth knowledge of IT programs in support of counterterrorism information analysis as well as collaboration with DHS partners at the state and local level. We welcome this opportunity to support the DHS on this important program and look forward to building on our relationship with the IAIP."

About ManTech International Corporation:

Headquartered in Fairfax, Virginia, ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the Department of Defense and intelligence community. ManTech designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and over 30 countries worldwide. Additional information on ManTech can be found at www.mantech.com.

Statements made in this press release, which do not address historical facts, could be interpreted to be forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to the following: failure of government customers to exercise options under contracts; funding decisions of U.S. Government projects; government contract procurement (such as bid protest) and termination risks; competitive factors such as pricing pressures and/or competition to hire and retain employees; failure to experience favorable results from acquisition synergies; material changes in laws or regulations applicable to the company`s businesses and other risk factors discussed in the company`s filings with the Securities and Exchange Commission. The statements in this press release are made as of January 12, 2004, and the Company undertakes no obligation to update any of the forward looking statements made herein, whether as a result of new information, future events, changes in expectations or otherwise.



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Contact:
ManTech International Corporation, Fairfax
Kevin Phillips, 703-218-8200
[e-mail]
or
Maureen Crystal, 703-218-8262
[e-mail]



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Source: ManTech International Corporation