VSE Corporation Receives $59M in New Awards

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ALEXANDRIA, Va.-- VSE Corporation (NASDAQ: VSEC) reported today several awards received from October 1, 2015 to date totaling approximately fifty-nine million dollars ($59M). The recent awards include:

  • Egyptian Navy In-Country Technical Assistance and Support
    VSE will provide an In-Country Technical Assist Team (ICTAT) and Continental United States (CONUS) Project Management Team to provide technical, logistics, training, facilities and administrative support to the Egyptian Navy (EN) Follow-On Technical Support (FOTS) Program for the former Perry Class FFGs. This is a delivery order under our Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. Our ICTAT and CONUS teams provide support to the Egyptian Navy and NAVSEA PMS 326 under this delivery order, which has a period of performance of 13 months and total value of $37M.
  • Japan Ministry of Defense Material Procurement
    VSE will procure sets of cabling and support equipment for the Japan Ministry of Defense (JAMOD). We will also provide qualified and experienced program management support for the purpose of maintaining and managing the project, which is under our NAVSEA FMS N*STAR prime contract. This effort has a period of performance of 15 months and a total value of $5.7M.
  • Energetics Oak Ridge National Laboratories Subcontract
    Energetics Incorporated, a subsidiary of VSE Corporation, was awarded a Basic Order Agreement (BOA) from U-T Battelle, LLC for support to the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL). Energetics will be providing technical, analytical and programmatic assistance to ORNL for their efforts in the area of Energy Efficiency and Renewable Energy, Electricity Delivery and Energy Reliability, International Affairs, and Energy Policy and Systems Analysis. This BOA is a five year award with a ceiling of $10M. This award allows Energetics to continue to support Oak Ridge National Laboratory in these work areas.
  • Akimeka Defense Health Agency Global Support Center Subcontract
    Akimeka, LLC, a subsidiary of VSE Corporation, was awarded a subcontract by the successful incumbent offeror on the recompete of their contract to operate and maintain the government-owned, contractor-operated Global Service Center for the Defense Health Agency (DHA), Health Information Technology Directorate. Under this subcontract Akimeka provides service desk, infrastructure and security services for DHA users and customers world-wide. The contract has a base period of one year plus four one-year options, and a total value of $6.3M for Akimeka.

“In recent years we have successfully diversified our service and product offerings across new markets, and we remain committed to providing superior services and support to our traditional federal civilian and military customers,” said Maurice “Mo” Gauthier, VSE CEO, President and COO. “These recent awards position us to sustain a high level of support to these long standing, traditional clients.”

About VSE

Established in 1959, VSE is a diversified logistics 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 News Contact
Christine Kaineg, 703-329-3263

Source: VSE Corporation

Released November 30, 2015