ManTech International Corp.
12015 Lee Jackson Hwy.
Fairfax, Va. 22033
www.mantech.com Year founded: 1968 Industry: Aerospace/defense Revenue: $701.60 Million Net Income/Loss: $35.16 Million Earnings per share: $1.09 Dividend: n/a Stockholder equity: $287.70 Million Auditor: Deloitte & Touche LLP Stock: MANT Assets: $436.13 Million Market capitalization: $699.06 Million 52-week high: 28.31 9/19/2003 52-week low: 12.87 12/17/2003 Chairman, president and CEO: George J. Pedersen CFO: Ronald R. Spoehel Employees: 5000 Local employees: 3000 Description: ManTech's core business is information technology; most of its contracts are with intelligence agencies and the Pentagon. Developments: ManTech's revenue jumped 40 percent to $700 million last year, bolstered by acquisitions and growing government spending on information technology. The company continued to focus on providing services for the military, including helping develop a secure communications system for the Homeland Security Department to transmit information about potential threats; developing software for intelligence agencies that can decipher enemy communications; and another program to tell agencies when their computer systems have been hacked, how it happened and what the hacker saw. In the past year ManTech continued to participate in an ongoing industry-wide consolidation of the government technology contracting business, closing three deals (one in early 2004). That is in addition to the two companies it bought in 2002, when it went public. Among the acquisitions last year was MSM Security Services, a Greenbelt firm that specializes in background checks on applicants for federal security clearances. ManTech already had contracts to do the same thing for the Defense Security Service. MSM broadened its reach to the Customs Service and the National Security Agency. But the acquisition also added some volatility to ManTech's financial results. Wall Street got concerned when the company announced that the average number of days to collect payments rose to 94 in the fourth quarter, up from 86 days in the third quarter. Collection times rose because background checks typically take four to five months and the government does not pay until they are complete, company officials said.
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