VSE Corporation Subsidiary Akimeka Awarded $15M JMAR Task Order

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ALEXANDRIA, Va.-- VSE Corporation (NASDAQ: VSEC) reported today that its subsidiary, Akimeka, LLC, has been awarded a task order under the Chief Information Officer - Solutions and Partners 3 (CIO-SP3) Government-Wide Acquisition Contract (GWAC) for core development and sustainment for the Joint Medical Asset Repository (JMAR) system. Akimeka is the Prime contractor on this Firm Fixed Price (FFP) task order which has an 11-month base period of performance, plus three one-year option periods, and a total contract value of approximately $14.9 million, if all options are exercised.

JMAR is a web-based production application with a joint customer base that includes military logisticians, military planners and health care providers. JMAR increases military readiness by providing access to the location, quantity, current demand, supply and usage of medical materiel and medical equipment assets. The Joint Medical Logistics Functional Development Center (JMLFDC) manages the project for its customers, which includes the Army, Navy, Air Force, and Marine Corps. JMAR is a Defense Health Agency (DHA) Solution Delivery Division product. Under this task order, Akimeka will continue to provide software development and sustainment services for the JMAR application.

“Akimeka is proud to continue providing management, engineering and development support to JMAR and the logisticians who rely upon it to help save lives,” said Akimeka President John Harris. “Akimeka has successfully performed this work since 2001, as both a small business prime and subcontractor. We look forward to once again leading the software support requirements as the prime contractor for the JMAR program.”

“Akimeka’s commitment to providing expertise in healthcare information technology under the JMAR spans more than a decade,” added VSE CEO Maurice “Mo” Gauthier. “This platform is instrumental in increasing military readiness, and enhancing quality healthcare delivery and efficiency for our nation’s military service members and veterans. We are honored by JMLFDC’s continued trust in our capabilities to support this important program.”

About Akimeka

Akimeka, LLC is a recognized leader in the Department of Defense health services and logistics sector. Core expertise lies in medical logistics, medical command and control, e-health, information assurance, public safety, enterprise architecture development, information assurance/business continuity, program and portfolio management, network IT services, systems design and integration, quality assurance services, and product and process improvement services. For more information on Akimeka, please visit their web site at www.akimeka.com, or contact Robert May at (703) 329-4619.

About VSE

Established in 1959, VSE is a diversified sustainment and services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our federal and commercial clients successful by delivering innovative solutions for vehicle, ship, and aircraft sustainment, supply chain management, platform modernization, mission enhancement, program management, energy, IT, and consulting services. For additional information regarding VSE services and products, please see the Company's web site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations, at (703) 329-3263.

VSE Financial News Contact:
Christine Kaineg, 703-329-3263

Source: VSE Corporation

Released May 27, 2015