MCLEAN, Va., Nov. 25 /PRNewswire-FirstCall/ -- Global Defense Technology & Systems, Inc. (Nasdaq: GTEC), announced the closing today of its initial public offering of 4.6 million shares of common stock, of which 3.0 million shares were sold by the Company and 1.6 million shares were sold by certain selling stockholders. The offering was priced at $13.00 per share and resulted in net proceeds of $36,270,000 to GLOBAL Defense Technology, after deducting underwriting commissions and discounts, but before other offering-related expenses.

The offering was made through an underwriting syndicate led by Cowen and Company, LLC, who acted as book-running manager. Stifel, Nicolaus & Company, Incorporated, Raymond James & Associates, Inc. and SunTrust Robinson Humphrey, Inc. acted as co-managers.

Copies of the prospectus relating to the offering may be obtained by contacting Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department. Phone (631) 274-2806. Fax (631) 254-7140.

About Global Defense Technology & Systems, Inc.

Global Defense Technology & Systems, Inc. provides mission-critical technology-based systems, solutions, and services for national security agencies and programs of the U.S. government. Our services and solutions are integral parts of mission-critical programs run by the Department of Defense, Intelligence Community, Department of Homeland Security, federal law enforcement agencies, and other parts of the federal government charged with national security responsibilities. Learn more about GLOBAL Defense Technology at www.globalgroup.us.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in GLOBAL Defense Technology's final prospectus relating to the offering, and such other filings that GLOBAL Defense Technology makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Media Contact:                      Lauren Peduzzi
                                    t: +1.703.738.2861
                                    e: media@globalgroup.us.com

Investor Relations Contact:         Jim Allen
                                    t: +1 703.883.2760
                                    e: investors@globalgroup.us.com

SOURCE Global Defense Technology & Systems, Inc.

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