Global Defense Technology & Systems (GTEC) Posts Revised Q4 Figures, 2011 Guidance
Global Defense Technology & Systems Inc., a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, today revised its fourth quarter 2010 guidance upward and provided initial full-year 2011 guidance. The company’s fourth quarter and full year 2010 results are still subject to completion of its year-end financial audit. GTEC's revised fourth quarter 2010 guidance anticipates revenue of approximately $82 million, an increase of 47 percent compared to $55.8 million reported in the fourth quarter of 2009. The increase represents pro forma organic revenue growth of 37 percent, a figure derived…