MCLEAN, Va., Dec. 27, 2010 /PRNewswire/ -- Global Defense Technology & Systems, Inc.(Nasdaq: GTEC), a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, today announced that the company has secured a $48 million contract to provide Expeditionary Field Kitchens (EFK) to the United States Marine Corps (USMC). The five-year contract calls for GTEC to provide a maximum of 150 EFKs and includes initial orders totaling over $21 million. GTEC expects revenue from the initial orders to be generated in 2011 and 2012 with the remaining funding to be received over the contract's five-year duration.
Designed to provide deployed Warfighters with the advantage of daily, fresh meals, the EFK is a completely self-contained, rugged and transportable commercial grade kitchen with the ability to provide troops with 500 meals, three times per day. To date, GTEC has delivered almost 800 field feeding systems to the U.S. military and those systems are currently deployed in places such as Afghanistan, Iraq, Korea and Germany.
John Hillen, President & CEO of GTEC commented on today's award, "As a dedicated mission-partner of the U.S. military, we are pleased to continue supporting today's Warfighters by designing and fielding highly-engineered systems that provide them with every advantage as they carry out their critical national security missions in some of the world's toughest environments."
All work on the EFKs will be performed at GTEC's integration facility in Easton, Maryland.
About Global Defense Technology & Systems, Inc.
Global Defense Technology & Systems, Inc. (GTEC)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& Systems at www.gtec-inc.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 differ materially 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 & System Inc.'s (GTEC) Annual Report on Form 10-K, and such other filings that GTEC makes with the Securities and Exchange Commission from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements speak only as of the date hereof and GTEC undertakes no obligation to update such forward-looking statements in the future except as required by law.
SOURCE Global Defense Technology & Systems, Inc.