Home / M&A Activity / That’s a Wrap: ManTech Finalizes Purchase of QinetiQ’s S&IS Unit; Bill Varner Comments

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.”

Check Also

Air Force Seeks Info on E-4B Airborne Ops Center Aircraft Replacement Program

The Air Force has issued a presolicitation notice to seek information on a new aircraft to replace its fleet of legacy E-4B National Airborne Operations Center planes. A notice posted Wednesday on beta SAM website says the proposed Survivable Airborne Operations Center Weapon System aircraft will be a key National Military Command System component in support of the president, defense secretary and the Joint Chiefs of Staff.

Navy Contingency Construction IDIQ Modification Increases Contract Value to $1.2B

The U.S. Navy has awarded four companies a $92M modification that increases the potential value of an indefinite-delivery/indefinite-quantity contract for global contingency construction services to $1.24B. AECOM's (NYSE: ACM) URS subsidiary, Jacobs Engineering Group's (NYSE: JEC) CH2M business, KBR (NYSE: KBR) and Environmental Chemical Corp. hold positions on the IDIQ.