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ManTech Buys QinetiQ’s S&IS Business

ManTech International Corporation has signed a definitive agreement to acquire the assets of QinetiQ North America‘s Security and Intelligence Solutions business for $60 million.

“This acquisition is consistent with ManTech’s long-term strategy to continue extending our presence in the defense and intelligence markets,” said ManTech Chairman and Chief Executive Officer George J. Pedersen. “The addition of S&IS’s market-leading capabilities positions ManTech as a major integrated security provider, allowing us to offer comprehensive solutions for the full range of security threats – from¬† physical through cyber. We see a solid pipeline of opportunities to provide full-scope security services to new and current ManTech customers.”

Bill Torpey, senior vice president, Security and Intelligence Solutions, QinetiQ, also commented on the deal:

“S&IS is a natural fit with ManTech. The MiDAESS contract encompasses the full range of integrated security solutions including cyber, allowing ManTech and S&IS to offer end-to-end, integrated security services under this contract. In addition, the acquisition provides expanded professional development opportunities for both S&IS and ManTech employees.”

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