That’s a Wrap: ManTech Finalizes Purchase of QinetiQ’s S&IS Unit; Bill Varner Comments

ManTech (NASDAQ: MANT) has finalized the planned acquisition of QinetiQ North America’s Security and Intelligence Solutions (S&IS) business for $60 million.

The Virginia-based S&IS works to provide integrated security solutions to the Department of Defense and the Intelligence Community.

S&IS has a successful business record, including a prime position on the Missile Defense Agency Engineering and Support Services (MiDAESS) contract (Functional Group 6), a five-year indefinite delivery/indefinite quantity contract worth as much as $365 million.

The firm will be rolled into ManTech’s Mission, Cyber and Technology Solutions group, headed by Bill Varner.

“The addition of S&IS will help ManTech expand our security solutions portfolio, allowing us to provide more comprehensive security services to our current and future customers in the defense and intelligence markets, ” Varner said. “On behalf of ManTech International, I’d like to formally welcome the entire Security and Intelligence Solutions team to the ManTech family.”

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