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GTEC.XX News

Global Defense Tech. quiet period ends December 29

Global Defense Technology & Systems, which provides IT and engineering services to US defense and intelligence agencies, will see its quiet period end next Tuesday, Dec. 29. On Nov. 19, 2009, the company raised $60 million by offering 4.6 million shares shares...read more

Second-busiest IPO week this year shows mixed performance

This week was the second-busiest IPO week of 2009 with network security specialist Fortinet (FTNT) making its debut on Wednesday, followed by four additional companies that began trading today. Fortinet led the group with a first day pop of 33%, climbing even...read more

Today marks busiest day in IPOs in two months

Archipelago Learning (ARCL), Cloud Peak Energy (CLD), Global Defense Technologies (GTEC), and 7 Days Group (SVN) are all expected to begin trading today, marking the busiest day in IPOs since September 23 of this year, when five companies made their...read more

Global Defense Tech. prices IPO at $13.00, below the range

Global Defense Technology & Systems, which provides IT and engineering services to US defense and intelligence agencies, raised $60 million on Thursday by offering 4.6 million shares at $13, 13% below the midpoint of the proposed $14-$16 range. Global Defense...read more