ManTech International, a company that deals in information technology as it relates to defense, has announced it has purchased the privately held intelligence, surveillance, reconnaissance and biometrics company Sensor Technologies for $242 million pending antitrust clearance expected by the end of January, according to a Defense News article.
With Sensor’s major customer for services and products being the U.S. Army, the company fits right in with ManTech’s line of business dealings in high-end intelligence and defense.
The move, assuming ManTech doesn’t overhaul Sensor in its acquisition, will see an addition of 300 employees to ManTech’s 8,000 person work force as well as a projected $450 million in revenue in 2010. ManTech’s CEO George Pedersen reported looking forward to the additional capabilities and offerings it would open up between ManTech and the U.S. Army.
Read the full story here.