ManTech to acquire QinetiQ’s S&IS division for $60M

ManTech International, a provider of solutions for the homeland security market, announced this week that it has signed an agreement to purchase the assets of QinetiQ North America's Security and Intelligence Solutions (S&IS) business for $60 million.

According to a statement, Fairfax, Va.-based S&IS provides integrated security solutions to the Department of Defense and other agencies within the intelligence community.

ManTech Chairman and CEO George J. Pedersen said that the acquisition fits into the company’s strategy of expanding its presence in the defense and intelligence markets.

"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," he said.