ManTech International: Difference between revisions - Wikipedia
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{{buzzword|date=February 2017}}
{{Infobox company
| name = ManTech International Corporation
| logo = File:ManTech_International_logo.png
| type = [[PublicPrivately held company|Private]]
| traded_as = {{ubl|class=nowrap|{{NASDAQ was|MANT}}}}<br />(2002–2022)
| founded = {{Start date and age|1968}} in [[Livingston, New Jersey]], U.S.
| founders = {{Unbulleted list|Franc Wertheimer|[[George J. Pedersen]]}}
| location = [[Herndon, Virginia|Herndon]], [[Virginia]], U.S.
| area_served = [[World]]wide
| key_people = {{Unbulleted list|Kevin M. Phillips<br> ([[chairman,]])|Matt presidentTait &([[Chief executive officer|CEO]])}}
| industry = [[National security]], [[Arms industry|Defense]], [[Professional services]]
| revenue = {{increase}} {{US$|2.55 billion|link=yes}} (2021)
| operating_income = {{Increase}} US$187 million (2021)
| net_income = {{Increase}} US$137 million (2021)
| assets = {{increase}} US$2.64 billion (2021)
| equity = {{increase}} US$1.68 billion (2021)
| num_employees = {{circa|9,800}} (December 2021)
| owner = [[The Carlyle Group]]
| subsid = [[HBGary]]
| homepage = {{URL|https://www.mantech.com|ManTech.com}}
| footnotes = <ref name=10K>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/892537/000089253722000007/mant-20211231.htm |title=ManTech International Corp 2021 Annual Report |date=25 February 2022 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref name=ceo>{{cite web |last=Perez |first=Zamone |date=3 October 2022 |title=ManTech elevates Navy veteran Tait to CEO after acquisition by Carlyle |url=https://www.defensenews.com/industry/2022/10/03/mantech-elevates-navy-veteran-tait-to-ceo-after-acquisition-by-carlyle/ |website=[[Defense News]]}}</ref>
}}
'''ManTech International Corporation''' is an American [[defense contract]]ing firm thatbased in [[Herndon, Virginia]]. It was co-founded in 1968 by Franc Wertheimer and [[George J. Pedersen]].<ref>{{cite web|title=About Us|url=http://www.mantech.com/about/Pages/about.aspx|publisher=ManTech International Corporation|accessdate=23 November 2015}}</ref><ref>{{cite web|title=Profile:George Pedersen Expectations Exceeded|url=https://washingtontechnology.com/articles/2006/09/01/profile-george-pedersen--expectations-exceeded.aspx|publisher=Washington Technology|accessdate=3 August 2016}}</ref> The company uses technology to help government and industry clients.<ref name="ManTech Corporate Overview Brochure 2014">{{cite web|url=http://www.mantech.com/about/Documents/ManTechCorporateOverviewBrochure_2014.pdf|title=Corporate Overview|publisher=ManTech International Corporation|accessdate=11 November 2015}}</ref> The company name "ManTech" is a [[portmanteau]] formed through the combination of "management" and "technology."
== History ==
ManTech was founded in New Jersey by Franc Wertheimer and [[George J. Pedersen]] in 1968.<ref>{{cite news |last=Sugawara |first=Sandra |date=31 October 1988 |title=Air of Mystery Envelops ManTech International |url=https://www.washingtonpost.com/archive/business/1988/10/31/air-of-mystery-envelops-mantech-international/44cf0c00-ae7a-44aa-b70a-28e14d595bf2/ |newspaper=[[The Washington Post]]}}</ref> The company went public through an [[initial public offering]] in February 2002.<ref>{{cite news |last=Johnston |first=Nicholas |date=8 February 2002 |title=ManTech International Shares Post First-Day Gain of 13% |url=https://www.washingtonpost.com/archive/business/2002/02/08/mantech-international-shares-post-first-day-gain-of-13/396632b5-2c88-4784-a85b-9a96ac4f3c8c/ |newspaper=[[The Washington Post]]}}</ref>
ManTech customers include the [[United States Intelligence Community]], [[United States Department of Defense|Departments of Defense]], [[United States Department of State|State]], [[United States Department of Homeland Security|Homeland Security]], [[United States Department of Energy|Energy]], [[United States Department of Justice|Justice]], [[United States Department of Veterans Affairs|Veterans Affairs]], [[United States Department of Health and Human Services|Health and Human Services]], and the Space Community.<ref name="ManTech Corporate Overview Brochure 2014" /> The firm specializes in [[Computer security|cybersecurity]]; [[Software development|software]] and [[Systems development life cycle|systems development]]; [[Enterprise IT Management|enterprise information technology]]; [[intelligence]] & [[counterintelligence]]; [[C4ISTAR|command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR)]]; [[Mission assurance|program protection and mission assurance]]; [[systems engineering]]; [[supply chain management]] and [[logistics]]; [[United States Army Test and Evaluation Command|test and evaluation (T&E)]]; [[training]]; and [[management consulting]].<ref name=":0">{{Cite web|url=http://investor.mantech.com/common/download/download.cfm?companyid=AMDA-NJY9O&fileid=861493&filekey=103C6B8C-6243-4BF9-B5BB-0789184A5347&filename=ManTechCorporateOverviewBrochure_2016.pdf|title=ManTech Corporate Overview Brochure 2016|last=|first=|date=|website=|publisher=|access-date=}}</ref> The firm has supported the telecommunications use in [[Operation Iraqi Freedom]]. ManTech's corporate headquarters is located in [[Herndon, Virginia]]<ref>{{cite web|title=Locations|url=http://www.mantech.com/about/Pages/Locations.aspx|publisher=ManTech International Corporation|accessdate=23 November 2015}}</ref> It also has offices in 19 [[U.S. states]], and employees positioned in over 20 countries.<ref name="ManTech Corporate Overview Brochure 2014" /> The firm has over 7,000 employees and supports more than 50 U.S. government agencies and commercial customers on more than 1,000 contracts.<ref name=":0" /> Revenues increased from $431 million in 2001 to $1.96 billion in 2018.<ref>{{cite web|title=2014 10-K|url=http://investor.mantech.com/secfiling.cfm?filingID=892537-15-6&CIK=892537|publisher=ManTech International Corporation|accessdate=11 November 2015}}</ref>
In May 2022, ManTech announced their agreement to be acquired by the private equity firm [[The Carlyle Group]].<ref>{{Cite web |last=Hansen |first=Drew |date=September 15, 2022 |title=Carlyle Group closes its $4.2B purchase of ManTech International |url=https://www.bizjournals.com/washington/news/2022/09/15/carlyle-group-mantech-george-pedersen.html |access-date=2023-04-25 |website=Washington Business Journal}}</ref> The deal worth $3.9 billion, will include the firm to buyout shares at $96 a share, representing a 32% premium to ManTech's closing price on February 2, 2022.<ref>{{cite journal|date=17 May 2022|url=https://www.bloomberg.com/news/articles/2022-05-16/carlyle-group-is-said-in-advanced-talks-to-buy-mantech?srnd=technology-vp|title=Carlyle Agrees to Buy US Government Contractor ManTech for $3.9 Billion|journal=Bloomberg|access-date=17 May 2022|url-status=live}}</ref>
== Acquisitions ==
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On September 5, 2018, ManTech announced a $668 million GSA FEDSIM award to support the [[Department of Homeland Security]]’s Continuous Diagnostics and Mitigation (CDM) Dynamic and Evolving Federal Enterprise Network Defense (DEFEND) program.<ref>{{Cite web|url=https://investor.mantech.com/press-releases/press-release-details/mantech-wins-668-million-prime-contract-cdm-department|title=ManTech Wins $668 Million Prime Contract for CDM with Department of Homeland Security|website=investor.mantech.com|access-date=2019-04-08}}</ref>
On July 12, 2018, ManTech announced the award of a $959 million [[managed services]] contract to provide Enterprise IT solutions for a Department of Defense agency.<ref>{{Cite web|url=https://investor.mantech.com/news-releases/news-release-details/mantech-awarded-959-million-defense-agency-contract-worldwide|title=ManTech Awarded $959 Million Defense Agency Contract For Worldwide Enterprise IT Support|website=investor.mantech.com|access-date=2019-04-08}}</ref>
On January 30, 2018 ManTech announced a $133 million award from the [[United States Army Intelligence and Security Command|U.S. Army Intelligence & Security Command]] to support INSCOM's mission of counter-intelligence and counter-terrorism throughout the world.<ref>{{Cite web|url=https://investor.mantech.com/static-files/f9cfb7ca-c694-4840-b4fa-040e0cc4c114|title=MManTech Wins $133 Million Contract With U.S. Army INSCOM|website=investor.mantech.com|access-date=2019-04-08}}</ref>
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[[Category:1968 establishments in Virginia]]
[[Category:Companies based in Fairfax, Virginia]]
[[Category:2002 initial public offerings]]
[[Category:2022 mergers and acquisitions]]
[[Category:The Carlyle Group companies]]