VSE Awarded Follow-on Work Supporting Foreign Military Sales Program for Egyptian Navy

Additional funding will allow continued support of Egyptian Navy fleet development and sustainment efforts

ALEXANDRIA, Va.-- VSE Corporation (Nasdaq GS: VSEC) reported today that its International Group's GLOBAL Division has received an award to continue work being conducted in Alexandria, Egypt.

The $32.8M In-Country Technical Assist award will enable GLOBAL Division to provide Management, Engineering, Technical, Training and Logistics support for the Egyptian Navy FMS programs and ex-United States Navy transferred ships either in port or at sea, as necessary to support ship operations, training and maintenance.

Additionally, the contract provides continuing funding to support an Industrial Training School, a Damage Control and Fire Fighting School, and provides continuing support to assist the Egyptian Navy in improving their shipyard infrastructure.

Mike Hamerly, President of International Group, says, "We are excited to continue our productive working relationship with the Egyptian Navy that has allowed for successful training and implementation of various functions and services essential to effective fleet development and sustainment."

Exclusive of the award for the Egyptian Navy, VSE GLOBAL Division's FMS program has received over $15 million worth of task orders for additional work within the past ninety days.

About VSE's International Group

International Group provides engineering, industrial, logistics and foreign military sales services to the U.S. military and other government agencies. GLOBAL Division provides assistance to the U.S. Navy in executing its Foreign Military Sales ("FMS") Program for ex-U.S. Navy surface ships sold, leased or granted to foreign countries by providing program management, engineering, industrial support, technical support, logistics and crew training services for ship reactivations and transfers and follow-on support. Fleet Maintenance Division provides global field engineering, logistics, maintenance, and information technology services to the U.S. Navy, Army and Air Force, including fleet-wide ship, vehicle and aircraft support programs. FMD's expertise includes ship repair and modernization, ship systems installations, facility operations, war reserve materials management, aircraft sustainment and maintenance automation, and IT systems integration. Under its Government Services Department, FMD also provides seized and forfeited property management for the U.S. Treasury including, retrieval, transportation, storage, liquidation and facilities management. Munitions and Ordnance Department of FMD provides munitions and ordnance R&D, operational requirements support, decontamination, demilitarization, and program management support. For more information about International Group's services please see the VSE Corporation website at www.vsecorp.com or contact Donald Babcock at (703) 329-4683.

About VSE

VSE marked its 50th year as a government contractor in 2009. VSE is a diversified Federal Services company of choice for 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 consulting and program management, logistics, equipment and vehicle/vessel refurbishment, engineering, information technology, energy consulting, and construction program 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.

Safe Harbor

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    Source: VSE Corporation