Global Defense Technology & Systems, which provides IT solutions to national security agencies, announced terms for its IPO on Thursday. The McLean, VA-based company plans to raise $69 million by offering 4.6 million shares at a price range of $14.00 to $16.00. At the mid-point of the proposed range, Global Defense Technology & Systems will command a market value of $138 million. The company, which was founded in 1969 and booked $203 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol GTEC. Cowen & Company is the lead underwriter on the deal, which is expected to price the week of Nov. 16.
