ManTech To Pay $242M For Sensor Technologies

Law360, New York (December 21, 2009, 3:10 PM EST) -- Defense technologies provider ManTech International Corp. announced Monday that it has agreed to buy privately held technology and systems contractor Sensor Technologies Inc. for $242 million in an all-cash deal.

ManTech expects the deal to close and be accretive in 2010, the company said in a statement.

STI — which is based in Red Bank, N.J., and counts the U.S Army as its largest customer — provides the military with systems engineering and other technology services and forecasts $340 million in revenue in 2009 and $450...
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