VSE Corporation Awarded $57.4M in FMS Delivery Orders
ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (NASDAQ: VSEC) was awarded several delivery orders in July and August 2017 by the Naval Sea Systems Command (NAVSEA) International Fleet Support Program Office to provide support under its Foreign Military Sales (FMS) contract. VSE will provide maritime program support including logistics, planning, repair and maintenance management, procurement, technical assistance, training and engineering support to eleven 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 $57.4 million.
“We are proud to continue our partnership with the U.S. Navy, delivering innovative solutions and services to ensure our allied navies fulfill their maritime mission requirements,” said Maurice “Mo” Gauthier, VSE CEO. “Follow-on training and in-country technical support, including critical equipment procurement, are vital to the operations of our allied navies, and we are dedicated to providing valuable and reliable services at home and abroad.”
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.
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VSE News Contact:
Christine Kaineg, 703-329-3263
Source: VSE Corporation
Released September 5, 2017