MTC Technologies, Inc. Announces Additional Authorization Under Stock Repurchase Program

DAYTON, Ohio, Oct. 27 /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 (DoD) and national security agencies, announced today that its Board of Directors, as part of the Company's stock repurchase program of shares of its outstanding common stock, approved an additional authorization of up to a value of $10 million. This amount is in addition to the Board's previous authorization of $10 million which resulted in the repurchase of approximately 465,000 shares of common stock.

Under the share repurchase program, MTC may repurchase shares in open market purchases or in privately negotiated transactions in accordance with applicable insider trading and other securities laws and regulations. The Company may also implement all or part of the purchases under a Rule 10b5-1 trading plan, so as to provide the flexibility to extend its share purchases beyond the quarterly purchasing window. The timing and extent to which the Company repurchases its shares will depend upon market conditions and other corporate considerations, and will be at the Company's sole discretion. Purchases under the program may commence or be suspended at any time without prior notice.

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 Forbes as #54 of "America's 200 Best Small companies 2006," by Washington Technology as 34th in revenue growth among the "Top 100" of IT Federal Prime Contractors, and ranked 2nd by Aviation Week & Space Technology as a "Top Performing Small Company, MTC employs approximately 2,900 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: Some statements contained or implied in this news release may be considered forward-looking statements, which by their nature are uncertain. Consequently, actual performance, achievements, or industry results could materially differ. For more detailed information concerning how risks and uncertainties could affect the company's financial results, please refer to MTC's most recent filings with the SEC or the expanded Safe Harbor Statement on MTC's website under Investor Relations. The company assumes no obligation to update any forward-looking information.

For further information on MTC, visit the website at http://www.mtctechnologies.com.