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National security IT contractor Global Defense Technology & Systems files for an IPO

September 3, 2009

Global Defense Technology & Systems, which provides IT systems and solutions to national security agencies, filed on Thursday with the SEC to raise up to $75 million in an initial public offering. The McLean, VA-based company, which was founded in 1969 and booked $199 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol GTEC. Cowen & Company are the lead underwriters on the deal. No pricing terms were disclosed.