GTEC Reports Third Quarter EPS of $.22

Global Defense Technology & Systems, Inc. GTEC today announced its third quarter 2010 financial results. Revenue for the third quarter 2010 was $55.4 million. The Company's revenue from the Technology and Intelligence Services (TIS) and Force Mobility and Modernization Systems (FMMS) segments was $25.7 million and $29.7 million, respectively. Total segment operating income was $5.2 million, or 9.5% of segment revenues. Unallocated corporate expenses totaled $2.5 million. This resulted in operating income for the third quarter 2010 of $2.8 million, or 5.0% of revenue. Diluted earnings per share (EPS) was $0.22 and was benefitted by an anticipated $0.04 per share one-time tax benefit related to a legal reorganization to utilize an existing net operating loss.