VSE Corporation Receives $46.2M in New Awards

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ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (NASDAQ: VSEC) reported today several recent awards to our Federal Services Group totaling approximately $46.2 million. The awards include:

  • U.S. Army Reserve Recompete Award
    A Cost-Plus Fixed-Fee (CPFF) Task Order under its Rapid Response Third Generation (R2-3G) prime contract to continue providing support services to the U.S. Army Reserve Command (“USARC”) for its Equipment, Engineering, Maintenance and Logistics Readiness Program. The R2-3G Task Order has a 12-month base period of performance and two 12-month option periods, with a total potential value of $17.8 million.
  • NAVSEA FMS Delivery Order Awards
    Several delivery orders to provide services 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 four client countries. The combined funded value for all delivery orders is $14.9 million.
  • Akimeka ARD ISS Subcontract
    Akimeka, LLC, a subsidiary of VSE Corporation, was awarded a follow on subcontract by the successful incumbent offeror on their contract to continue providing Information Technology services to the Army Resiliency Directorate (ARD) Army Substance Abuse Program (ASAP) for the Drug and Alcohol Management Information System (DAMIS), Risk Reduction Application, and other services including maintenance, sustainment, security, help desk, training, and data analysis of the ARD systems. The contract has a base period of nine months, plus four one-year options, and a total value of $7.7 million.
  • R23G Task Order Award
    A Task Order to provide technical data, engineering support, and configuration management in support of various military tactical vehicles and equipment, including Advanced Medium-Sized Mobile Power Systems (AMMPS), Environmental Control Units (ECUs), Management Distribution Control (MDC), and related components. This Rapid Response Third Generation (R23G) Cost-Plus Fixed-Fee (CPFF) Task Order includes a one-year base period with four one-year option periods, and a total value of $5.8 million.

"VSE and our team of best-in-class teammates are well positioned to provide exceptional technical and training services to our customers under these contracts, task orders and delivery orders,” said VSE CEO Maurice “Mo” Gauthier. "We offer innovative solutions to our clients to ensure they have the best resources and support available to achieve their mission requirements.”

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 July 18, 2017