QUOTE AND NEWS
Benzinga  May 16  Comment 
ManTech International Corporation (NASDAQ: MANT) disclosed that it has been granted $44.2 million worth of contract by the U.S. Department of Defense. The company added that the contract was to provide operational and user maintenance (O&uM) and...
Benzinga  Apr 28  Comment 
Cash America International Inc (NYSE: CSH) shares gained 8.80 percent to reach a new 52-week high of $44.28 after the company reported better-than-expected Q1 results. Facebook Inc (NASDAQ: FB) shares reached a new 52-week high of $120.43...
SeekingAlpha  Apr 28  Comment 
Benzinga  Feb 22  Comment 
Shares of Mantech International Corp (NASDAQ: MANT) were trading higher by around 2.5 percent on Monday after the company announced it won a new contract worth $175 million to deliver technical assistance and advisory services to the Royal Saudi...
Market Intelligence Center  Nov 24  Comment 
ManTech International Corp (MANT) presents a trading opportunity that offers a 4.57% return in just 178 days. A covered call on ManTech International at the $30.00 level expiring on May. '16 offers an assigned return rate of 4.57% or 9.36%...




 
TOP CONTRIBUTORS

ManTech (NYSE: MANT) sells technological services to the U.S. government in the fields of defense and intelligence.[1] ManTech provides services in cyber defense and cyber security, information technology and intelligence operations, as well as systems engineering and testing and evaluation.[1] ManTech operates in a business environment defined by two opposing trends and forces. First, defense and intelligence contracting is always in high demand - the U.S. government spends nearly a trillion dollars a year on defense spending. Conversely, government expenditures may decrease in the face of continuing economic concerns and cutting bloated defense contracts may be appealing to lawmakers.

Business Growth

ManTech's 29% increase in revenues for the 2010 fiscal year were driven by three acqusitions: Sensor Technologies, Inc. (STI), QinetiQ North America's Security and Intelligence Solutions, and MTCSC, Inc.[1] These acquisitions were the primary drivers in the aforementioned increase in revenues as well as an approximately $36 million increase in operating income from 2009 to 2010.[2]

Trends and Forces

Defense and Intelligence Contracting Enjoys Historically High Demand

In the aftermath of the September 11, 2001 terrorist attacks, the U.S. defense and intelligence services grew dramatically. As of 2010, the U.S. defense budget nears one trillion dollars, nearly doubling its decade-ago figures. As such, ManTech enjoys the reliability of government spending on defense issues and counterterrorism efforts.[3]

Revenue Contingent on Continued U.S. Government Spending

Almost all of ManTech's revenue come from contracts with the U.S. government, especially in defense and intelligence. As U.S. economic concerns continue, lawmakers may be inclined to cut into the near trillion dollar U.S. defense budget. Such cuts would have second and third order effects in the private consulting industry, especially on companies such as ManTech that are reliant upon contracts for their revenues.

Competition

ManTech competes in a largely saturated, private industry that provides consultation services for the U.S. government. ManTech's main competitors include Booz Allen Hamilton (BAH), SAIC (SAI), Lockheed Martin (LMT), and Raytheon Company (RTN).

References

  1. 1.0 1.1 1.2 ManTech 2010 Annual Report
  2. 3 Stocks to Beat a Recession
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