ManTech Records Q3 2017 Rise in Revenue, Net Income; Kevin Phillips Comments

Kevin Phillips

ManTech International (Nasdaq: MANT) recorded $422.7 million in revenue for the third quarter of its fiscal year 2017, up from $415.4 million in the same period last year.

ManTech said Wednesday it posted $15.2 million in Q3 net income, a figure that reflects a 4 percent rise from the prior-year period.

The Herndon, Virginia-based government technology services provider also saw a 3 percent hike in its Q3 diluted earnings per share compared with the same quarter in 2016.

Kevin Phillips, president and chief operating officer at ManTech, called the company’s 2017 performance “exceptional.”

“The momentum in the business continues to build and we are focused on program execution to ensure that the mission-critical needs of our customers are met,” added Phillips, an inductee into Executive Mosaic’s Wash100 for 2017.

ManTech recorded $1.9 billion in contract awards during the third quarter of 2017 with new work representing approximately 70 percent of those awards.

Some of the contracts that contributed to the company’s Q3 bookings include a potential 10-year, $817 million contract with the State Department for technical platforms and security support services and a 10-year, $450 million contract with NASA’s Jet Propulsion Laboratory for managed information technology services.

ManTech announced its Q3 financial results a month after the company closed its $180 million cash acquisition of Bethesda, Maryland-based IT platforms provider InfoZen in a push to expand its offerings for the federal civilian market.

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