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GTEC Raises Fourth Quarter 2010 Guidance and Issues Initial 2011 Guidance

MCLEAN, Va. Jan. 19, 2011 Global Defense Technology & Systems, Inc . mission-critical

Revised Fourth Quarter 2010 Guidance –EPS Raised Significantly Based on Better than Expected Profitability

$82 million $55.8 million December 18, 2009 December 31, 2009


$232 million $212.8 million $0.95

Initial 2011 Guidance – Strong Growth Projected for Both Revenue and EPS

$315 million to $325 million $1.20 to $1.30 $232 million $0.95

John Hillen

Segment Outlook – TIS over 55% of 2011 Revenue Base

GTEC’s two reporting segments, TIS and FMMS, are poised for strong growth in 2011 and continue to evolve to meet the demand of our national security customer base. Specific highlights of the two segments are provided below:

Technology & Intelligence Services (TIS)

  • $175 million
  • Forecast represents at least 66% total growth over 2010 revenue estimates and at least 13% organic growth over 2010 pro forma TIS revenue
  • Over 20% of full year 2011 revenue expected to be derived from cyber security contracts and services
  • Projected expansion of segment operating margin to at least 11% for the full year 2011
  • December 31, 2010

Force Mobility & Modernization Systems (FMMS)

  • $140 million
  • $200 million
  • Forecast segment operating margin of 10% for full year 2011

Forward Guidance – Revised Full Year Outlook

GTEC’s revised fourth quarter and full year 2010 and initial full year 2011 guidance is summarized in the table below. GTEC’s guidance includes Zytel and SGS contributions to fourth quarter 2010 results and expected 2011 operating results but does not include any other future acquisitions or divestitures.

Joseph Cormier

4th Quarter 2010

Full Year 2010

Full Year 2011


Approximately $82 million

Approximately $232 million

$315 – $325 million

Diluted EPS

Approximately $0.38

Approximately $0.95

$1.20 – $1.30

Weighted Average Shares Outstanding – Diluted

9.20 million

9.16 million

9.27 million

Other Key Guidance Assumptions

  • $5 million
  • $3.15 million
  • Tax rate of 40.0% for full year 2011

Conference Call

5:00 p.m. ET Investor Relations 8:00 p.m. ET midnight ET February 2, 2011 Investor Relations

About Global Defense Technology & Systems, Inc.

"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 & Systems, 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

t: +1.703.883.2771

e: [email protected]

Media Contact :

Lauren Peduzzi

t:  +1.703.738.2861

e: [email protected]

SOURCE Global Defense Technology & Systems, Inc.

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