GTEC Receives $37 Million Contract to Provide Camp Solutions to U.S. Army
MCLEAN, Va., Sept. 15 /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 $37 million contract to provide camp solutions to the U.S. Army in support of the military's force modernization and mobility efforts. Under the contract, GTEC will deliver Expeditionary Tricon Systems (ETS), representing 18 Force Provider Modules, incorporating the latest advances in approved shower water re-use technology.
Based on the delivery schedule, GTEC expects to recognize more than $20 million of contract revenue in 2010 with the remainder received in 2011.
With a military that is more expeditionary than ever before, GTEC's camp solutions are designed to provide rapidly deployable support for U.S. troops operating at home and overseas. Housed in an expandable shelter, each camp system features a modular design which allows the unit to be used in a variety of health and welfare support configurations. The systems are light-weight, rugged, easily transportable, require a minimal two-person set up and can be fully functional in just 45 minutes.
John Hillen, President & CEO, commented on the order, "As a mission partner for the U.S. military, GTEC is committed to supporting critical national security operations and providing unique solutions by delivering highly engineered systems that enhance the U.S. Army's expeditionary capabilities."
All work will be performed at GTEC's integration facilities in Easton and Frederick, 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.
Investor Relations: |
Joseph Cormier |
Media Contact: |
Lauren Peduzzi |
|
t: +1.703.883.2771 |
t: +1 703.738.2861 |
|||
SOURCE Global Defense Technology & Systems, Inc.
Share this article