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ManTech Releases Figures for ‘Excellent’ 2010; Expects to Exceed $3B Revenue in 2011

George Pedersen

ManTech International (NASDAQ:MANT) released financial results for the fourth quarter and fiscal year 2010, ending Dec. 31, 2010.

Notably, the firm reported a 29% revenue increases for the fourth quarter ($697.9 million) and for the fiscal year (2.6 billion).

“Fiscal year 2010 was an excellent year for ManTech, marked by double-digit growth, increased profitability, excellent cash flow and strong contract awards, ” CEO George Pedersen said. “During the fourth quarter, we were also able to acquire two new companies that will provide new and additional technical capabilities as well as new customers and revenues. We continue to grow because of our strong support of our customers’ most vital missions here and around the world. We expect to exceed $3 billion in revenue in 2011.”

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