ManTech reports profit boost in 2015

ManTech International said today that sales in 2015 hit nearly $1.6 billion, down about 13 percent from the prior year. But profit reached $51.1 million, up from $47.3 million in 2014.

The contractor partly attributed the sales decline to reduced requirements supporting Mine Resistant Ambush Protected vehicle field sustainment to the Army.

ManTech said it expects slightly improved results in fiscal year 2016, providing guidance that the company expects to produce $1.575 billion to $1.675 billion in annual revenue and $52.5 million to $55.9 million in profit.