ManTech International Corp
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Industrials : Professional Services | Small Cap Value
Company profile

ManTech International Corporation is a provider of technology solutions and services for the United States intelligence community, defence and federal civilian agencies. The Company is engaged in offering a spectrum cyber, data collection and analytics, enterprise information technology (IT) and systems engineering and software application development solutions that supports national and homeland security. It provides services and solutions that support missions of national priority, such as global cyber operations, military operational readiness, information technology (IT) and digital modernization, and national security threat intelligence and analytics. It focuses on cyber network operations, defence, analytics, hardening and resilience, security orchestration, automation and response, range and training, and risk management and compliance. It also provides model-based systems engineering, predictive analytics, data/computational science, and cloud engineering solutions.

Closing Price
$73.52
Day's Change
0.32 (0.44%)
Bid
--
Ask
--
B/A Size
--
Day's High
73.83
Day's Low
72.30
Volume
(Heavy Day)
Volume:
186,988

10-day average volume:
140,882
186,988

Virgin Galactic sells space-tourism seats faster than it anticipated

9:21 pm ET November 8, 2021 (MarketWatch)
Print

Virgin Galactic Holdings Inc. (SPCE) stock edged lower in the extended session Monday after the space-tourism company reported a wider quarterly loss and said its $450,000 space-tourism seats are selling faster than it anticipated. Virgin said it lost $48 million, or 32 cents a share, in the third quarter, compared with a loss of $92 million, or 41 cents a share, in the third quarter of 2020 and FactSet consensus of a loss of 28 cents a share. The company had $2.6 million in revenue, compared with FactSet expectations of revenue around $1.4 million. Virgin Galactic said it is on track to launch its private-astronaut commercial service in late 2022. "Demand for space travel is strong, and we've been selling seats ahead of the pace we had planned," Chief Executive Michael Colglazier said in a statement. "This demonstrates the incredible market for our product and appreciation for the value of the unique experience we offer." Virgin had targeted the sale of 1,000 reservations before the launch of space-tourism service, and about 700 of these have been sold, the company said. The current price of $450,000 a seat "has been well received," Virgin Galactic said. Virgin landed on that price in August and has sold about 100 seats since.

-Claudia Assis

	

(END) Dow Jones Newswires

November 08, 2021 21:21 ET (02:21 GMT)

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