GTEC (NASDAQ: GTEC) CEO John Hillen spoke with ExecutiveBiz today shortly after the firm announced it had reached an agreement to sell to Ares Management in an all-cash deal valued at $315 million. The deal, expected to close in the second quarter, will see GTEC shed its publicly-traded status and become an entirely private company. […] More
GTEC (NASDAQ: GTEC) is set to take part in the Raymond James’ 32nd Annual Institutional Investors Conference, to be held in Orlando, Fla. on March 7. The event will take place at the JW Marriott Orlando Grande Lakes. GTEC CFO Joe Cormier will present the firm’s financial performance and growth strategy at 8:40 a.m. The […] More
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, has announced it will participate in the 10th Annual Raymond James Government Services & Technology Summit. Held Jan. 6, 2011, at the Four Seasons Hotel in Washington, D.C, the event […] More
Global Defense Technology & Systems has secured a $48 million contract to provide Expeditionary Field Kitchens to the United States Marine Corps. The contract contains a five-year period of performance. The EFK is a completely self-contained commercial grade kitchen with the ability to provide troops with 500 meals, three times per day. GTEC has provided […] More
This week’s government contracting M&A was highlighted by Raytheon’s move to purchase Applied Signal for a reported $490 million. CSC made a play to increase it’s C4ISR offering by acquiring CenTauri. This week also saw the finalization of three acquisitions with GTEC closing its purchase of Signature Government Solutions and greenlights for Boeing and ITT. More
GTEC has finalized its purchase of Signature Government Solutions for $52.5 million in cash, the companies announced this week. Herndon, Va.- and Ft. Meade, Md.-based SGS is expected to generate $37 million in revenue this year. All 220 of its employees have Top Secret/Sensitive Compartmented Information clearances or higher. GTEC President and CEO John Hillen […] More
DRC has decided to restructure its business by a customer, geography, and business solution. GTEC has entered a $100 million revolving credit facility to fund its future growth and acquisitions. SAIC has sold a combined $750 million of Notes, at least $300 million of which the company expects to reinvest in common stock. Honeywell has […] More
The market is getting is tougher. But that doesn’t mean the opportunities don’t abound. Who better to ask about those opportunities than business development leaders, in relatively new roles, tapped with bringing new direction “” and new gains “” to their companies? Recently ExecutiveBiz spoke to some of the area’s top business development leaders. They […] More
It's a multi-billion market “” and GTEC already has a $240 million piece of it. Ever since the McLean, Va.-based firm went public a little over a year ago, it's continued its ascent as a defense and national security leader. Helping to maintain that growth is Kirk Herdman, who came on board as Senior Vice […] More
GTEC is one of 46 companies who will compete for $30 billion of task orders from the FBI, the company has announced. The indefinite-delivery, indefinite-quantity award is for supplies, application management and support services for the FBI as well as other Department of Justice agencies. “We are pleased to continue our strategic partnership supporting the […] More
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