VSE Unit Wins Three Support Contracts with the U.S. Department of Homeland Security
Energetics Contract Awards Exceed $21 Million
ALEXANDRIA, Va.--
VSE Corporation (Nasdaq:VSEC) reported today that its wholly owned subsidiary Energetics Incorporated has been awarded a competitive contract by the U.S. Department of Homeland Security (DHS) to provide technical, management, and program support to the National Infrastructure Protection Plan (NIPP) for the Office of Infrastructure Protection, Partnership and Outreach Division. The Partnership and Outreach Division develops and sustains strategic relationships and information sharing systems and processes with the owners and operators of the Nation's critical infrastructures and key resources.
Under this contract, Energetics will conduct research and analytical studies; develop requirements and implementation roadmaps for the NIPP; and develop studies to support public-private partnerships and information sharing. The contract has a potential value of $11.8 million over five years if all options are exercised.
Energetics was also awarded two additional contracts to support the DHS Office of Infrastructure Protection as a member of a winning team with SRA International, Inc. Under the first contract, Energetics will provide programmatic and technical support to the Sector Specific Agency Executive Management Office (SSA EMO). The Office develops, coordinates, and implements critical infrastructure protection programs to help achieve the federal government's vision for the security of the nuclear, chemical, dams, commercial facilities, and emergency services sectors.
Under the second contract, Energetics will provide analytical, statistical, and metrics support for the NIPP Program Management Office. Both contracts have a five-year term if all options are exercised and have a combined potential value of $10 million.
"These are exceptional wins that build on our strong track record in partnership development, performance metrics, and infrastructure protection," said Energetics' Senior Vice President Jack Eisenhauer. "It underscores our corporate commitment to improving homeland security and delivering top quality products and services to our customers."
"These contract awards represent important milestones for Energetics and demonstrate our ability to diversify our client base," said Energetics' President Jim Reed. "The Department of Homeland Security is a highly-valued customer, and this new work provides an excellent strategic fit with our staff capabilities and experience."
Energetics, a VSE subsidiary since 1995, is a multi-disciplinary consulting company providing a broad range of technical and management support services to federal and state agencies, private companies, trade associations, and research institutions. Energetics currently consults in energy, infrastructure protection, and global health markets, providing an array of expertise from engineering evaluations and regulatory analysis to strategic and program planning. For more information about Energetics' services and products, please see the Energetics website at www.energetics.com or contact Jack Eisenhauer at (410) 953-6246.
VSE provides diversified services to the engineering, energy and environment, defense, and homeland security markets from locations across the United States and around the world. For more information on VSE business units, 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.
Safe Harbor
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
Released November 7, 2007