MTC Awarded $5.3 Million Contract to Support Air Force Simulator Systems Grouptitle
DAYTON, Ohio, Jan. 3 /PRNewswire-FirstCall/ -- MTC Technologies, Inc. and
subsidiaries (Nasdaq: MTCT), a significant provider of engineering,
information technology, and other technical solutions to the Department of
Defense and national security agencies, announced today the company has been
awarded a $5.3 million task order by the Air Force Aeronautical Systems Center
(ASC).
Under the contract, MTC will provide the Simulator Systems Group with a
wide range of acquisition logistics; financial management; configuration and
data management; administrative support; security management; acquisition
management; test and evaluation management; engineering support; and subject
matter expertise, both for the U.S. Air Force and Foreign Military Sales
countries. Tasks will include, but are not limited to participation on
integrated product teams and related activities; analyzing problems; defining
alternative solutions; providing recommendations; writing reports; and other
specifically assigned work.
The period of performance for the task order is one year; this is the
sixth continuous year MTC has provided this support to the Simulator Systems
Group. The MTC Air Forces Groups Systems Management Division, based in
Dayton, will manage the work.
"The ASC Simulator Systems Group produces vital training solutions for our
warfighters, and those from other countries as well, allowing them to prepare
for a variety of combat situations," MTC Chief Executive Officer David
Gutridge said. "We are extremely proud of being chosen to be a part of
delivering these important warfighter solutions."
MTC, through its wholly owned subsidiaries, delivers warfighter solutions
involving systems engineering, information technology, intelligence, and
program management services primarily to the Department of Defense. Cited by
BusinessWeek as the 11th fastest growing small company in the United States,
by Forbes as 23rd of Americas 200 best small businesses, by Washington
Technology as 59th in revenue growth among the "Top 100" of IT Federal Prime
Contractors, and ranked 2nd by Aviation Week & Space Technology as the "Top
Performing Small Company," MTC employs approximately 2,500 people in more than
40 locations. The company was founded in 1984 and is headquartered in Dayton,
Ohio.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained in this release that are not present or
historical facts are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from those
set forth in, or implied by, forward-looking statements. These risks and
uncertainties include: risks related to the growth of our FAST program,
including strains on resources and decreases in operating margins; federal
government audits and cost adjustments; differences between authorized amounts
and amounts received by us under government contracts; government customers
failure to exercise options under contracts; changes in federal government (or
other applicable) procurement laws, regulations, policies and budgets; our
ability to attract and retain qualified personnel; our ability to retain
contracts during re-bidding processes; pricing pressures; undertaking
acquisitions that might increase our costs or liabilities or be disruptive;
integration of acquisitions; and changes in general economic and business
conditions. For more information concerning these risks and uncertainties,
see the Securities and Exchange Commission filings for MTC. These statements
reflect the Companys current beliefs and are based upon information currently
available to it. Be advised that developments subsequent to this release are
likely to cause these statements to become outdated with the passage of time,
and we specifically disclaim any obligation to update these statements.
For further information on MTC, visit the website at
http://www.mtctechnologies.com.
