ManTech International Corp.

12015 Lee Jackson Hwy.

Year founded: 1968

Industry: Aerospace/defense

Post 200 Category: Top 125 Companies

Revenue: $842.42 Million

Net Income/Loss: $24.71 Million

Earnings per share: $0.76

Dividend: n/a

Stockholder equity: $320.52 Million

Auditor: Deloitte & Touche LLP

Stock: MANT

Assets: $467.58 Million

Market capitalization: $786.66 Million

52-week high: 27.44 5/25/2004

52-week low: 11.05 8/11/2004

Chairman and CEO: George J. Pedersen

President and COO: Robert A. Coleman

Employees: 5500

Local employees: 3000

Description: ManTech's core business is information technology; most of its contracts are with intelligence agencies and the Pentagon.

Developments: Last year started on a euphoric note for ManTech, as the company joined in celebrating the U.S. capture of Saddam Hussein. Computer equipment from the Fairfax company, which operated a 44-person telecommunications base in Baghdad, was used to hunt the deposed Iraqi dictator, weeding out friend from foe as ground forces closed in. After that, ManTech's business took a beating, demonstrating that the merger mania among defense contractors carried risks as well as rewards. ManTech bought MSM Security Services Inc. in 2003, anticipating the Greenbelt company's security clearance business would be a gold mine. The Government Accountability Office in February put the backlog of security-clearance applications anywhere from 90,000 to 270,000. Investors punished ManTech for repeated slips in the number of days it was taking to collect payments on such clearances and for successive announcements that the volume of clearances was not proving as great as anticipated. The turmoil came as the Defense Department transferred its security clearance caseload to the Office of Personnel Management. The Pentagon stopped giving ManTech new cases to investigate, and the Office of Personnel Management delayed for three months the new contract ManTech had counted on winning in March. Its profit margins under the existing contract turned out to be much smaller than expected because the remaining Defense Department investigations entailed more arduous, time-consuming work than expected. In March 2004, ManTech's stock price dropped 12 percent on bad news about the pace of payments for the security clearance work. In May, share prices plunged 31 percent, when the firm reduced second-quarter profit estimates. Then in August, ManTech reported a money-losing quarter for the first time since it went public in early 2002. Nonetheless, the firm has remained upbeat about its core information technology business. It started 2005 by securing a $209 million contract with three partners to provide intelligence and security support for the U.S. Army Intelligence and Security Command. Also in January, ManTech won a five-year, $51.3 million contract from the Naval Sea Systems Command for engineering and technical support. In February, ManTech sold its North Carolina-based environmental technology division to Alion Science and Technology of McLean.

Executive Compensation
President and COO: Robert A. Coleman
Total Cash: $310,023.00
Total Compensation: $4,474,186.00