FAIRFAX, Va., Nov. 23 (UPI) -- ManTech International is acquiring California's MTCSC Inc. for $75 million, increasing its C4ISR systems integration and cyber solutions
ManTech said it intends to fund the purchase, expected to be completed by the end of the year, from existing cash balances.
MTCSC expects to produce approximately $83 million in revenue in 2010. The company holds several large contracts with the U.S. Marine Corps, the majority of which are for classified efforts.
ManTech said MTCSC will become a part of ManTech's Systems Engineering and Advanced Technology group.
"We are excited to expand our capabilities and customer footprint with the acquisition of MTCSC," said ManTech Chairman and Chief Executive Officer George J. Pedersen. "The Marine Corps and C4ISR will continue to get priority funding. This acquisition fits well with ManTech's long-term strategy of focusing on high-end defense and intelligence technology support."
"We see accelerating demand for C4ISR systems integration of commercial-off-the-shelf products in support of enduring worldwide deployments, and MTCSC is the premier provider of these services to the U.S. Marine Corps," said Terry M. Ryan, group president and chief operating officer, ManTech Systems Engineering and Advanced Technology. "MTCSC offers best-in-class core competencies around quick-reaction integration, logistics and sustainment of classified technical intelligence systems
