Posted by John Keller
FAIRFAX, Va., 25 Dec. 2009. ManTech International Corp., a military information technology specialist for defense, security, and intelligence based in Fairfax, Va., is acquiring Sensor Technologies Inc. (STI) in Red Bank, N.J., an expert in command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) services.
The deal is for $242 million in cash. "This acquisition is consistent with our long-term strategy to broaden our footprint in the high-end defense and intelligence market," says George J. Pedersen, chief executive officer at ManTech.
"With the defense appropriation bill on track and a clear mission and strategy for Afghanistan, this acquisition allows us to provide more direct support to the U.S. Army as it continues its overseas operations and prepares for the next generation of national security," Pedersen says.
STI provides mission-critical systems engineering and C4ISR solutions to the U.S. Department of Defense. STI's largest customer is the U.S Army, for which STI provides biometrics, human terrain systems, communications, and intelligence, surveillance and reconnaissance (ISR).
STI supports the Army through several contracts, including the S3 contract, on which it has received more than $2.5 billion in task orders to date. STI officials say they expect to produce about $340 million in revenue in 2009 and $450 million in revenue in 2010.
The S3 contract, from the Army Communications Electronics Life Cycle Management Command, provides access to several prime contractors and subcontractors that perform C4ISR life cycle services.
"The U.S. Army Communications-Electronics Command (CECOM) plays an important role in today's military, and we are excited by the opportunity to offer them the combined capability of ManTech and STI," says Lawrence B. Prior III, ManTech president and chief operating officer.
"Together, we will support the ISR surge in theater and provide the quick response capabilities that the Army demands going forward," Prior says. "As CECOM transitions from Fort Monmouth to Aberdeen as part of the Base Realignment and Closure process, support from trusted providers like ManTech and STI will be essential."
The acquisition, which is subject to closing conditions and approvals, should be completed in early in 2010, company officials say.
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