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ManTech Buys Up STI

ManTech has announced that it completed the acquisition of Sensor Technologies Inc. (STI) for $242 million in cash. STI provides mission-critical systems engineering and Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) services and solutions to the Department of Defense.

The firm’s largest customer is the U.S. Army through several contracts, including its prime position on the S3 Indefinite Delivery/Indefinite Quantity contract, on which it has received more than $2.5 billion in task orders to date.

“On behalf of George Pedersen and our Board of Directors, I’d like to formally welcome Michael Gualario and the entire STI family to the ManTech team. Together, we can offer more support, innovation and value to our Army customer. Under Lou Addeo’s leadership, the Technical Services Group has begun integrating this strategic acquisition and has hired nearly 400 people on our recent $286 million win at the U.S. Army Electronic Proving Grounds, which position us for excellent growth in 2010.”

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