QUOTE AND NEWS
StreetInsider.com  Sep 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Mantech+Int%27l+%28MANT%29+Awarded+GSA+OASIS+Contract%3B+No+Ceiling+Value+Indicated/9824610.html for the full story.
SeekingAlpha  Jul 31  Comment 
ManTech International (NASDAQ:MANT) Q2 2014 Earnings Call July 30, 2014 5:00 pm ET Executives M. Stuart Davis - Executive Vice President of Strategy & Communications George J. Pedersen - Co-Founder, Chairman, Chief Executive Officer,...
SeekingAlpha  Jul 30  Comment 
The following audio is from a conference call that will begin on July 30, 2014 at 17:00 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
Benzinga  Jul 11  Comment 
Below are the security software & services stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Symantec (NASDAQ: SYMC) is $6.68 billion. Symantec's EPS for the same period is $1.28. The...
StreetInsider.com  Feb 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Cowen+Upgrades+ManTech+%28MANT%29+to+Outperform/9211765.html for the full story.
SeekingAlpha  Feb 20  Comment 
ManTech International Corporation (MANT) Q4 2013 Earnings Conference Call February 19, 2014 05:00 p.m. ET Executives Stuart Davis – Executive Vice President for Strategy George Pedersen – Chairman and CEO Kevin Phillips –...




 
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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