The Insider

ManTech reports sales, profit boosts

July 27, 2016 |
Marjorie Censer
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ManTech International said today sales in its most recent quarter hit $401 million, up from $384 million in the same three-month period a year earlier.

Quarterly profit rose as well, reaching $14.8 million. That figure represents a nearly 19 percent increase over the prior year.

Kevin Phillips, ManTech's chief financial officer, said during a call with analysts that the company is seeing the government move away from awarding bids based solely on price.

"They still are very price-sensitive, but they also want to get the right solution," he said.

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