VSE Awarded Subcontract to Develop and Support Health Maintenance System for JLENS Program
Four-Year, $4.6 Million Effort Implements Prognostics Framework for Key Component of U. S. Army Missile Defense Program
VSE Corporation (Nasdaq:VSEC) reported today that Raytheon Integrated Defense Systems (IDS) in Andover, Mass., has awarded VSE a four-year, $4.6 million subcontract to develop a Health Maintenance System for the U.S. Army JLENS System, a key component of the Army's Missile Defense Program.
The subcontract was awarded following a competitive solicitation for a Health Maintenance System that would provide both status monitoring and prognostics capability for JLENS, the Joint Land-Attack Cruise Missile Defense Elevated Netted Sensor System (JLENS). VSE will use its proprietary Prognostics Framework and Diagnostics Profiler tool sets to create system and equipment models that emulate both the normal and anomalous operating behavior of the system.
Prognostics Framework enables users to develop and combine system and equipment models with a run-time reasoner to identify the source of system problems and predict overall system and component status, system functionality, and mission capability. Prognostics Framework is a commercial off the shelf tool set sold as a complete product solution by VSE Corporation.
VSE Assistant Vice President Terryl Chandler said: "Customers like the Prognostics Framework approach because it is information-driven and creates an object-oriented framework for health management for any sized system. Combined with VSE's Diagnostic Profiler software, Prognostics Framework provides a total automated maintenance environment to support a real-time health monitoring system supplying critical information for operational and maintenance decisions."
Established in 1959, VSE provides diversified services to the engineering, energy and environment, defense, and homeland security markets from locations across the United States and around the world. For more information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Len Goldstein, Director of Business and New Product Development at (703) 317-5202.
This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission.
Source: VSE Corporation
Released March 6, 2008