VSE Corporation Awarded Delivery Orders under NAVSEA FMS Support Contract Totaling More than $19M

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ALEXANDRIA, Va.-- VSE Corporation (NASDAQ: VSEC) reported today that its International Group has received several delivery orders totaling $19,477,041 to continue work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. The recent delivery order awards, supporting three separate programs, that were awarded under the Indefinite Delivery/Indefinite Quantity (IDIQ) contract include:

  • Egyptian Navy Fast Missile Crafts Infrastructure Support
    VSE will provide logistics, planning, and engineering services to modernize and improve the infrastructure at the Abu Quir Egyptian Naval Base. These improvements and upgrades will support the newly constructed U.S. Built Fast Missile Craft (FMC) slated to enter service sometime after 2013. Additional follow on support contracts for VSE are expected at the completion of the acquisition phase.
  • Turkish Navy Anti-Air Warfare System Upgrade
    VSE will provide continued services to the Turkish Navy for engineering, technical services and material procurement in direct support of the Turkish Navy's Evolved Sea Sparrow Missile (ESSM) upgrade program for their G class (ex-USS Oliver Hazard Perry class guided missile frigates) and MEKO Track II class ships. This effort has been underway since 2006 and is expected to complete by 2015.
  • Taiwan Navy Overhaul Technical Assistance
    VSE will provide overhaul services and In Country Technical Assistance Team (ICTAT) support to the Taiwan Navy in direct support of ROCS Ma Kong DDG-1805, a Kee Lung class guided missile destroyer (ex-USS Chandler, a Kidd class destroyer), logistics support services for ex-USS Oriole (MHC-55) and ex-USS Falcon (MHC-59), Sonar Dome Rubber Window Replacement and ICTAT for the installation of PFG-2 Class combat systems communications suite enhancements.

"VSE and our entire N*STAR Team are proud to continue our FMS work for the U.S. Navy and our allies,” said International Group President Harry Flammang. “These diverse delivery order awards are indicative of the partnership and trust that exists between our International Group's GLOBAL Division and our Navy customer. As always, we strive to provide quality, cost-effective performance and on time delivery to our NAVSEA client, and in the process, strengthen the relationship with our many foreign allies."

International Group

International Group provides engineering, industrial, logistics, maintenance, information technology, fleet-wide ship and aircraft support, and foreign military sales services to the U.S. military branches, other government agencies, and commercial customers. These services include program management, engineering, technical support, logistics services, and follow-on technical support for ship reactivations and transfers; field engineering, ship repair and modernization, ship systems installations, ordnance engineering, facility operations, war reserve materials management, and IT systems integration; automated complex systems health management; aircraft sustainment and maintenance services; and management, maintenance, storage and disposal support for seized and forfeited general property programs.

About VSE

Established in 1959, VSE is a diversified federal services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management, consulting and supply chain management. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.

VSE News Contact
Christine Kaineg, 703-329-3263

Source: VSE Corporation

Released July 26, 2012