VSE Awarded Subcontract to Support Army Night Vision and Electronic Sensor Directorate
VSE Corporation (Nasdaq:VSEC) was awarded a subcontract in June 2008 as part of the winning team selected to support the Night Vision and Electronic Sensors Directorate (NVESD). The new prime contract has a contract ceiling of approximately $487 million, and VSE will be eligible to compete for tasks under the new award.
"VSE will support NVESD and the SENTEL Team on an as required basis for the duration of the program in a wide variety of disciplines, including engineering, test support, prototyping and fabrication, and integrated logistics support," said VSE Vice President and Systems Engineering Division Manager Michael J. Rayder.
VSE CEO/President/COO Mo Gauthier said, "VSE will help our Army client maximize the operational capability and efficiency of NVESD by providing personnel with required skill levels and expertise to supplement and enhance the existing government workforce in conducting NVESD research and development efforts."
Established in 1959, VSE is a diversified professional services company providing engineering and consulting services, systems integration, infrastructure support, and information technology management and solutions, principally to agencies of the United States Government and other government prime contractors at locations across the United States and around the world. For more information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Len Goldstein, Director of Business and New Product Development at (703) 317-5202.
This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission.
Source: VSE Corporation