ManTech Completes Acquisition of US Army C4ISR Supplier STI for $242M

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ManTech International completed the acquisition of Sensor Technologies Inc. (STI) for $242 million in cash. STI in Red Bank, NJ is a supplier of systems engineering and command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) services and products to the US Army. STI expects to produce approximately $340 million in revenue in 2009 and $450 million in revenue in 2010. The company is a prime contract for the Army’s Strategic Services Sourcing (S3) contract vehicle and has received over $2.5 billion in S3 task orders to date… The S3 contract [pdf] is a $19.25 billion indefinite-delivery/ indefinite-quantity performance-based contract awarded by the US Army Communications-Electronics-Life Cycle Management Command (CECOM LCMC) Acquisition Center on March 2/06 to 7 vendors with a 5-year base period and a 5-year option period. The 6 other prime contractors for the S3 contract are: * Booz Allen Hamilton * CACI International * Computer Science Corp. * Lockheed Martin * USfalcon * Viatech US Army customers come to S3 with C4ISR-service requirements, like engineering, logistics, and business operations support, for which the vendors compete. The S3 program supports 34 different customers under the Team C4ISR banner for 43 service requirements in Southwest Asia. ManTech expects that […]

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