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GTEC Inks $94M Deal with Navy

According to the Department of Defense, Global Defense Technology and Systems (Nasdaq: GTEC) “is being awarded a $94, 919, 758 maximum contract value firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a maximum ordering quantity of 500 expeditionary water purification systems.  The initial delivery order is for three systems, and is valued at $1, 116, 000.  Work will be performed in Frederick, Md., and is expected to be complete by May 31, 2015.  Contract funds will not expire by the end of the current fiscal year.  This contract is a full and open competition with two offers received.  The Marine Corps Systems Command, Quantico, Va., is the contracting activity (M67854-10-D-5034).”

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