ManTech’s (Nasdaq: MANT) George Pedersen was selected by ExecutiveBiz as a “Person to Watch in 2011.”
“He’s done it again. As George Pedersen continues to oversee ManTech’s push into defense and intelligence markets, ManTech’s chairman and CEO recently announced the company’s acquisition of MTCSC — a government contractor, based in Chula Vista, Calif., which provides cybersecurity, command, control, communications, intelligence, computers, surveillance and reconnaissance (C4ISR) capabilities.
“‘This acquisition fits well with ManTech’s long-term strategy of focusing on high-end defense and intelligence technology support, ‘ Pederson said in November. ‘The Marine Corps and C4ISR will continue to get priority funding, ‘ he added. MTCSC, which holds several large contracts with the U.S. Marine Corps, will join the ManTech’s Systems Engineering and Advanced Technology (SEAT) group.
“ManTech’s acquisition of MTCSC, for $75 million, comes on the heels of another recent acquisition: In October, ManTech finalized its $60 million purchase of QinetiQ North America’s Security and Intelligence Solutions business.
“In addition to those acquisitions, ManTech has seen several other solid gains of late. In November, the company was awarded part of a $30 billion contract with the Federal Bureau of Investigation to provide critical expertise in areas ranging from secured communications to tactical biometrics. Other wins, with the Navy and Army respectively, involve performing combat identification and air-traffic control systems and cellphone coverage to U.S. forces in Afghanistan.
“Now, with the most recent acquisitions, Pedersen is sending the message: ManTech intends to continue its ascent in key areas, including the highly-competitive C4ISR space. How that growth will unfold makes Pedersen a top federal contractor to watch over the year to come.”