G&B Solutions Wins Contract Award to Support Army Armament Research, Development and Engineering Center (ARDEC)
New Award Represents Potential Revenues of Approximately $25.9 Million
ALEXANDRIA, Va.-- VSE Corporation (Nasdaq GS:VSEC) announced today that its wholly-owned subsidiary G&B Solutions, Inc., was awarded a $25.9 Million contract from the Army Armament Research, Development and Engineering Center (ARDEC) to provide Enterprise Excellence Services in support of the Army's Continuous Process Improvement Program (CPI). The contract has a period of performance of five years, including a base period of one year and four one-year option periods.
G&B has been selected to provide expert resources including Lean Six Sigma (LSS), Design for Lean Six Sigma, Axiomatic Design, Predictive Technologies, Probabilistic Technologies, Robust Design and Industry Best Practices. With prior support from VSE and G&B, ARDEC has become one of the first Government organizations to achieve CMMI Level 5 certification and recently became the first Federal Government organization to receive the Malcolm Baldrige National Quality Award.
"This is an exciting opportunity for G&B Solutions to expand our services in a number of important areas, including Enterprise Excellence, Reliability Engineering, Axiomatic Design and Predictive technologies," said G&B President Linda Berdine. "In concert with G&B's other capabilities, we are prepared to make significant contributions to the effectiveness and efficiency of this key element of the Army. We look forward to the opportunity to team with ARDEC to further expand the bounds of the Army CPI program with new and innovative technologies and methods."
About G&B Solutions
G&B Solutions, Inc., a wholly-owned subsidiary of VSE Corporation based in Reston, Virginia, is an IS0 9001:2008 certified business specializing in management consulting and information technology solutions. G&B Solutions is a leader in Enterprise Excellence, Continuous Process Improvement and Lean Six Sigma support worldwide in commercial, industrial, Civilian, and Department of Defense (DoD) enterprise implementations. For additional information on G&B Solutions, please see the company's website at www.gbsolutionsinc.com or contact Jack R. Lopez at (571) 313-7376.
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
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.
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Source: VSE Corporation
Released October 7, 2009