ManTech International Corporation MANT recently secured contracts to provide Knowledge-Based Services (KBS) and Equipment-Related Services (ERS) under the U.S. Army’s TACOM Strategic Solution Services (TS3) family of contracts. The KBS contract is estimated at $1.8 billion and the ERS contract is estimated at $1.1 billion.
The 5-year ID/IQ (indefinite delivery/indefinite-quantity) contracts have a 5-year period of performance each. The contract under KBS will entail ManTech to provide engineering and technical, logistics, management and other professional services. Under the ERS contract, ManTech will provide machine, system, vehicle installation; maintenance overhaul and repair.
The TS3 family of contracts supports the U.S. Army TACOM Life Cycle Management Command and its supported organizations. ManTech has a large pipeline of projects and continues to win deals at regular intervals. The contract wins are key catalysts that are likely to increase the company’s revenues. With these contracts, ManTech continues to strengthen its relationship with TACOM, one of the largest R&D organizations within the US Army.
ManTech is a provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the Departments of Defense, State, Homeland Security, Energy, Veterans Affairs, and Justice, including the Federal Bureau of Investigation; the health and space communities; and other U.S. federal government customers. Additionally the company supports major national missions such as military readiness, terrorist threat detection and information security.
ManTech currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth a look now include Ebix Inc. EBIX, Lionbridge Technologies Inc LIOX and LogMeIn, Inc LOGM, each carrying a Zacks Rank #2 (Buy).
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