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ManTech To Acquire Small Firm That Primes On Army S3 Contract

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ManTech International [MANT] earlier this week said it has agreed to acquire Sensor Technologies Inc. (STI), a small contractor that has a prime position on the Army's Strategic Services Sourcing (S3) contract, for $242 million in cash. The deal is expected to close the transaction early next year subject to various closing conditions and approvals, including Hart-Scott-Rodino. ManTech said the deal will accretive to earnings per share in 2010. New Jersey-based STI is expected to have about $340 million in…

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