MTC was founded primarily as a professional advisory and management services company. Although our professional and engineering services sector has decreased as a percentage of our total business, it has grown significantly in absolute revenue and continues to have good future growth potential.
With a federal workforce that is overloaded, under-funded, and sometimes inexperienced for the tasks at hand, we see more and more outsourcing of government functions. Among the long-term drivers are the retirement of the government’s aging Civil Service workforce and the DoD’s “force shaping” plan to drastically downsize both civilian and military personnel to free up funds to recapitalize it’s major weapon systems. This will impact the DoD’s ability to manage existing and future weapons programs.
Although the plan also calls for a cut in contractor positions, those reductions will not likely take place in tasks supporting the new acquisition programs, nor in those providing upgrades to the current aging weapon platforms. As MTC is well positioned to back-fill needed government vacancy positions when they occur, we anticipate stable and continued growth for our Professional Services Group, albeit at a slower pace than our other business groups.