VSE Increases Quarterly Cash Dividend

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Board Authorizes 11% Increase in Payout Rate

ALEXANDRIA, Va.-- VSE Corporation (Nasdaq GS:VSEC) reported today that on June 2, 2009, the company's Board of Directors declared a quarterly dividend of $0.05 per share, increasing the cash dividend by 11% to an annual payout rate of $0.20 per share.

The $0.05 per share dividend declared on June 2, 2009 will be paid on August 12, 2009, to stockholders of record as of July 29, 2009.

VSE has paid cash dividends since 1973 and has increased its dividend each year since 2004. The payment and amount of future dividends will depend on existing conditions, including the company's earnings, financial condition, working capital requirements, and other factors.

VSE CEO, President and COO Mo Gauthier said, "Increasing our quarterly dividend to $0.05 demonstrates the strength of our business model and reflects our confidence in our ability to generate cash and drive shareholder returns."

About VSE

VSE marks its 50th year as a government contractor in 2009. VSE is a diversified Federal Services company of choice for solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for consulting and program management, logistics, equipment and vehicle/vessel refurbishment, engineering, information technology, energy consulting, and construction program management. For additional information on VSE services and products, please see the company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Marketing, at (703) 329-3206.

Safe Harbor

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 June 8, 2009