November 27, 2009 (FinancialWire) — Global Defense Technology & Systems, Inc. (NASDAQ: GTEC) has closed 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 the company.

Virginia-based Global Defense Technology & Systems provides technology-based systems, solutions, and services for national security agencies and programs of the U.S. government.

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