Mantech Gains 2.5% After Announcing Contract Win Worth $175 Million

Shares of

were trading higher by around 2.5 percent on Monday after the company

it won a new contract worth $175 million to deliver technical assistance and advisory services to the Royal Saudi Air Force. As part of the contract, ManTech and Saudi-Arabia based Jadwalean International Operations & Management Company will advice the Air Force on enabling operational capability, including maintenance planning and oversight, systems and equipment support, and training solutions. "The technical support program for the Royal Saudi Air Force is a critical component to sustaining its mission readiness," said Dan Keefe, president and chief operating officer, ManTech Mission Solutions and Services Group. "We are privileged to contribute our technical and professional skills in support of the Royal Saudi Air Force."