VSE Federal Group Awarded Contracts for U.S. Army Support Services
Engineering and Logistics Services to Be Performed at Tobyhanna and Red River Army Depots
ALEXANDRIA, Va.-- VSE Corporation (Nasdaq GS:VSEC) reported today that its Federal Group was awarded two new Department of Defense contracts.
Tobyhanna Army Depot (TAD) Shelter Refurbishment
VSE's Engineering and Logistics Division was awarded a $10 million contract from Tobyhanna Army Depot to refurbish Army S-280 and S-250 Equipment Shelters, which are lightweight, high strength, insulated all-weather shelters that satisfy general purpose applications for housing communications and other transportable electronic equipment. Refurbishment services to be provided by VSE include inspection, repair, sealing, blasting, painting and testing of Equipment Shelters.
Fuel Tanker Sealant System Spray (FTSS) Application
VSE'S Engineering and Logistics Division was awarded a $2 million contract from Red River Army Depot (RRAD) to repair 68 of the Army's fleet of 5,000-gallon fuel tankers previously coated with the Fuel Tanker Self Sealant System (FTSS). In support of this TACOM-mandated effort accelerated by the Department of the Army, VSE will partner with RRAD to blast, paint and repair the tanker frames in addition to repairing damaged tanker bodies with FTSS coating.
VSE Federal Group President Thomas G. Dacus said, "VSE looks forward to continue working with the U.S. Army and teammates to support these important readiness tasks. Our team has a successful record in these fields of endeavors and we stand behind our work with a legacy of integrity, agility and value."
"VSE is pleased at these opportunities to provide the best installation, repair and modernization services available to ensure our troops and commanders are mission-capable in humanitarian efforts and the battlefield," said Donnelle Moten, Senior Vice President of the Federal Group's Engineering and Logistics Directorate. "We believe that our motivated teams are very well positioned to exceed our soldiers' expectations."
VSE's Federal Group provides engineering, technical, management and integrated logistics support services to U.S. military branches and other government agencies.
About VSE
VSE marked its 50th year as a government contractor in January 2009. Established in 1959, VSE is a diversified professional services company providing engineering and consulting services, systems integration, infrastructure support, and information technology management and solutions, principally to agencies of the United States Government and other government prime contractors at locations across the United States and around the world. For additional information on VSE services and products, please see our web site at www.vsecorp.com or contact Randy Hollstein, Corporate Vice President of Sales and Marketing, at (703) 329-3206.
VSE encourages investors and others to review the detailed reporting and disclosures contained in VSE public filings with the Securities and Exchange Commission for further information and analysis of VSE's financial condition and results of operations. The public filings include additional discussion about the status of specific customer programs and contract awards, risks, revenue sources and funding, dependence on material customers, and management's discussion of short and long term business challenges and opportunities.
Source: VSE Corporation
Released June 22, 2009