FAIRFAX, VA – We see that defense and intelligence tech companies are still a hot item: ManTech Corp. (Nasdaq:MANT) says it will pay $242 million in cash for Sensor Technologies. Sensor Tech sells mission-critical systems engineering and command, control, communications, computers, intelligence, surveillance and reconnaissance services and solutions to the Department of Defense.
STI’s largest customer is the U.S Army through several contracts. The Red Bank, NJ company generates solid operating margins and expects to produce approximately $340 million in revenue in 2009 and $450 million in revenue in 2010.
Headquartered in Fairfax, Virginia with approximately 8,000 professionals, ManTech sells innovative technologies and solutions for mission-critical national security programs to various U.S. federal government customers.
Online: www.mantech.com
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