ManTech International Corp. (NASDAQ: MANT) announced Thursday it has won a potential $506.8 million contract modification from the U.S. Army to provide logistics support services for mine resistant vehicles.
The modification has an initial two month performance period and includes eight one-month options valued at $406 million.
ManTech reports it will provide assessment and repair of Mine Resistant Ambush Protected Family of Vehicles systems.
The company will repair vehicles with mechanical or battle-related damage, complete technology insertion, system integration and upgrades and modifications to sustain the fleet.
In addition, the company will manage supply and transportation support, determining the demand and logistics for parts redistribution to repair locations.
The company is performing work under this contract in Afghanistan, Kuwait and locations throughout the U.S.