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ManTech’s George J. Pedersen Comments on Financial Results

George J. Pedersen

ManTech International Corporation yesterday announced financial results for the second quarter of fiscal year 2010, which ended June 30, 2010.

The company reported that revenues for the quarter were $661.6 million, up 29 percent from $514.1 million in the second quarter of fiscal year 2009. Cash flow from operations for the quarter was $70.0 million (or 2.2 times net income), and contract awards totaled $644 million in the second quarter, a book-to-bill ratio of 1.0.

“In the second quarter of fiscal year 2010, we delivered strong revenue growth, margin expansion and cash collection,” said Chairman and Chief Executive Officer George J. Pedersen. “Despite the pressures on federal government spending, we see continued strong performance based on our positioning on mission-critical programs in national and homeland defense, both in the United States and around the world.”

Pedersen also said he was proud the company had maintained its commitment to program execution, “as evidenced by our being awarded the NASA Goddard Space Flight Center Contractor Excellence Award for the third time since 2000.”

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