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Global Defense Technology (GTEC) IPO Prices at $13, Below Expected Range

November 20, 2009 7:30 AM EST
GTEC Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Global Defense Technology & Systems (Nasdaq: GTEC) priced its 4.6 million share IPO at $13, below the expected $14-$16 range. Shares will open today on the NASDAQ under the stock symbol "GTEC".

The offering is being made through Cowen and Company.

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

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