Tag Archives: George Pedersen

ManTech is Now Prime on $6.6B SITE IDIQ after Completing Network IT Purchase

ManTech International Corp. (NASDAQ: MANT) has closed its acquisition of information technology provider Worldwide Information Network Systems for $90 million cash. ManTech gains WINS’ prime position on the Defense Intelligence Agency‘s Solutions for IT Enterprises contract, an indefinite-delivery/indefinite-quantity vehicle with a $6.6 billion ceiling and performance period that runs through 2015. ManTech expects the …

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ManTech 3Q Profit Grows 10%; Pedersen Sees Future Growth from AMBIANCE Award, Cyber Acquisition

ManTech International Corp. (NASDAQ: MANT) has released its financial results for its third quarter ended Sept. 30, 2011. The company reported that it generated $734.6 million in revenue, a 12 percent increase over the third quarter of 2010. It counted $34.5 million of that as net income, a 10 percent …

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ManTech to Acquire IT Firm with Spot on $6.6B SITE Contract

  ManTech International Corp. (NASDAQ: MANT) has signed a definitive agreement to acquire information technology solutions provider Worldwide Information Network Systems for $90 million cash. ManTech expects the move to increase its earnings per share in 2012. WINS will become a part of ManTech’s mission, cyber and technology solutions group led by William Varner. …

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ManTech to Fund Acquisitions, Pursue Organic Growth with $500M Credit Facility

ManTech International (NASDAQ: MANT) has issued a new $500 million senior secured credit facility to enhance its capital position and financial flexibility, the company announced today. ManTech said the facility will provide an increased ability to drive organic growth and strategic acquisitions. The five-year credit facility enables borrowings up to $500 …

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ManTech Announces First Dividend Payment; George Pedersen Comments

George Pedersen, ManTech ManTech International’s (NASDAQ: MANT) board of directors declared an initial semi-annual cash dividend of $0.42 per share of common stock this week. The declaration marks a first for the company as it rolls out its new dividend program. Stockholders can expect to see payments after June 15 …

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Another M&A Move for ManTech; Acquires TranTech, CEO George Pedersen Comments

ManTech (NASDAQ:MANT) has acquired TranTech for an undisclosed amount. The Alexandria, Va.-based outfit specializes in IT, networking and cybersecurity services. According to ManTech, the move will “enable ManTech to deliver technology services through TranTech’s prime position on the DISA ENCORE II contract, an ID/IQ vehicle with a $12 billion ceiling …

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ManTech Names Judith Bjornaas Deputy CFO Reporting to Kevin Phillips

ManTech (NASDAQ:MANT) named Judith L. Bjornaas senior vice president of financial planning and analysis and deputy, reporting to CFO Kevin M. Phillips. According to the firm, “Bjornaas will be responsible for budgeting and forecasting financial performance and overseeing the company’s treasury requirements.” Bjornaas previously served as chief financial officer and …

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ManTech Acquires QinetiQ’s Security and Intelligence Solutions Business for $60M; George Pedersen Comments

ManTech (NASDAQ: MANT) has struck a deal to acquire the assets of QinetiQ North America’s Security and Intelligence Solutions (S&IS) business for $60 million. S&IS holds a prime spot on the Missile Defense Agency Engineering and Support Services (MiDAESS) contract (Functional Group 6), a five-year indefinite delivery/indefinite quantity contract with …

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ManTech Finalizes New Leadership Structure, George Pedersen Comments

ManTech International (NASDAQ:MANT) has created a new senior management structure “under which the presidents of ManTech’s three operating groups will also serve as chief operating officers for their respective organizations, reporting to the company’s Chairman and Chief Executive Officer, George J. Pedersen.” The three group president/chief operating officers are Louis …

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ManTech Named Government Contracting’s ‘Best Employer for Vets, ‘ George Pedersen Comments

ManTech (NASDAQ:MANT)  has been named to Military Times Edge’s 2010 “Best Employers for Vets” list. According to the firm, “ManTech ranked seventh on the 50-company list and was the top-ranking government contractor on this year’s list.” “Our military veterans are essential contributors to the security of our nation and our …

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