ADS Tactical, a US government-focused logistics company specializing in tactical and operational equipment, announced terms for its IPO on Monday. The Virginia Beach, VA-based company plans to raise $204 million by offering 12 million shares at a price range of $16 to $18. At the mid-point of the proposed range, ADS Tactical will command a market value of $909 million. ADS Tactical, which was founded in 1997 and booked $1.482 billion in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol ADSI. J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are the lead underwriters on the deal, which is expected to price the week of July 25.