contract_award\u2022Saturday, July 1, 2017Analyzed

MANTECH ADVANCED SYSTEMS INTERNATIONAL, INC.: $525M Department of State Contract

Neutral
Impact4/10
$MANTDefenseTechnologyGovernment Services

Summary

This $525 million contract to ManTech International Corporation for Protective Technology Services represents a steady revenue stream for the company, reinforcing its position as a key government contractor. While significant, it is unlikely to be a transformative event for the company's stock given its size relative to ManTech's overall revenue.

Key Takeaways

  • 1.ManTech International Corporation ($MANT) secures a $525 million contract for Protective Technology Services, reinforcing its government services portfolio.
  • 2.The contract represents approximately 2.6% of ManTech's annual revenue, providing stable but not transformative financial impact.
  • 3.No direct legislative connection from the provided bill signals, indicating this is likely an ongoing operational expenditure.

Market Implications

This contract provides ManTech International Corporation ($MANT) with a stable, long-term revenue stream, contributing to its consistent financial performance. While not a major catalyst for a significant stock price movement, it underscores ManTech's reliability in securing government work. Investors in $MANT can view this as a positive indicator of continued operational strength. Potential downstream beneficiaries, such as secure communication providers like Viasat ($VSAT) or surveillance technology firms like Teledyne Technologies ($TDY), could see indirect benefits if they are part of the supply chain.

Full Analysis

ManTech Advanced Systems International, Inc., a subsidiary of ManTech International Corporation ($MANT), has been awarded a definitive contract worth $525 million by the Department of State for Protective Technology Services. This contract spans from July 1, 2017, to September 30, 2025, indicating a long-term engagement for providing critical support to the State Department. ManTech International Corporation ($MANT) is a publicly traded company specializing in mission-focused technology solutions and services for U.S. federal government agencies. With annual revenues around $2.5 billion, this $525 million contract, spread over an 8-year period, translates to approximately $65.6 million per year. This represents about 2.6% of ManTech's annual revenue, making it a meaningful but not transformative addition to their financial performance. The contract ensures continued revenue stability and reinforces ManTech's established relationship with the Department of State. There are no direct legislative signals from the provided list that specifically authorize or directly relate to this 'Protective Technology Services' contract. The listed bills primarily focus on healthcare, finance, education, infrastructure, and environmental services, none of which directly align with the Department of State's protective technology needs. This suggests the contract is likely part of ongoing operational budgets and existing authorizations rather than a direct result of recent specific legislation. Potential supply chain beneficiaries for protective technology services could include companies specializing in secure communications, surveillance equipment, and cybersecurity solutions. While specific subcontractors are not named, companies like Viasat Inc. ($VSAT) for secure satellite communications or FLIR Systems (now part of Teledyne Technologies, $TDY) for surveillance technology could potentially benefit. Additionally, smaller, specialized cybersecurity firms might serve as subcontractors, offering niche expertise. Historically, ManTech's stock performance has shown steady growth tied to consistent government contract wins. While individual contract announcements like this one provide a positive signal, they typically do not lead to dramatic, short-term stock price surges unless the contract is exceptionally large or represents a significant new market entry. The market generally prices in ManTech's ability to secure such contracts.

Market Impact Score

4/10
Minimal ImpactModerateMajor Market Event

Contract Details

Recipient

MANTECH ADVANCED SYSTEMS INTERNATIONAL, INC.

Award Amount

$525,051,706

Awarding Agency

Department of State

Sub-Agency

Department of State

Contract Type

DEFINITIVE CONTRACT