VSE Corporation Awarded $53.4M in FMS Delivery Orders

Download as PDF

ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (NASDAQ: VSEC) was awarded several delivery orders in September 2016 to provide support under its Foreign Military Sales (FMS) support contract by the Naval Sea Systems Command (NAVSEA) International Fleet Support Program Office. VSE will provide maritime program support including logistics, planning, repair and maintenance management, supply support, technical assistance, training and engineering support to a variety of client countries. The periods of performance for these delivery orders range between 9 and 20 months, and the delivery orders have a combined funded value of $53.4 million.

"We are pleased to provide the best in-country technical and training support services available to ensure our allied navies achieve their maritime mission requirements," said Federal Group President JR Brown. "Our team is well positioned to execute these delivery orders and exceed our customers’ expectations."

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 October 11, 2016