ManTech International Corp. announced fourth quarter 2009 revenues of $542.1 million, up 10 percent from $494.7 million in the fourth quarter of fiscal 2008. Overall, revenues for the year were $2.02 billion, up 8 percent from $1.87 billion in 2008.
After two years of outperforming the broader stock market, federal information technology and professional services company stocks underperformed in 2009.
The top-performing companies are positioning themselves through targeted acquisitions in faster growing segments of the market, often with proprietary technologies.
Wall Street is probably looking like a friendly place in the wake of the early success of Global Defense Technology and Systems' IPO. Who might be next to go public?
Global Defense Technology & Systems Inc., a provider of defense technologies to the national security community, made its initial public offering of common stock today.
Because of the business climate, government contractors are taking a hard look at their strategic marketing and making adjustments to their business development strategies.
Private equity groups are keeping M&A alive in the government market. Some want to repeat past victories, while others are drawn to the stability of the marketplace.
Although forecasting the federal market has become more complicated and more uncertain, the relative stability of both large and small contractors and their growth potential makes for sound investment.
