VSE Awarded Contract for Transportation, Storage, Management & Disposition of Seized Property

Download as PDF

Award Represents Revenues of Potentially $80 Million over 10 Years

ALEXANDRIA, Va.-- VSE Corporation (NASDAQ:VSEC) reported today that Fleet Maintenance Division of its International Group has been awarded a 10-year Indefinite Delivery/Indefinite Quantity contract potentially worth up to $80 million to provide support services to the U.S. Department of Justice, Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). The scope of work includes comprehensive services to provide nationwide and U.S. Territory coverage of the transportation, storage, management & disposition of property that has been seized by the U.S. Government.

Michael Hamerly, President of VSE's International Group stated, "We are pleased that the customer has chosen the VSE team to continue our support of this important national program. We have earned a solid reputation in our ability to support the 24/7 operational tempo associated with the ATF mission of enforcing firearms and explosive laws."

VSE CEO Maurice "Mo" Gauthier said, "We are honored that our customer remains confident in the experienced and competent team we have assembled during the past several years. We will strive to exceed the expectations of the Bureau of ATF during the next decade by providing superior service."

About VSE's International Group

International Group provides global field engineering, industrial, program management, logistics and foreign military sales services to the U.S. military and other Government agencies. The group supports ex-U.S. Navy surface ships and systems transferred to foreign countries; performs U.S. Navy ship repair and modernization; war reserve materials management and aircraft sustainment for the U.S. Air Force; DOD wide munitions and ordnance support, decontamination, demilitarization; and seized and forfeited material management for the U.S. Department of the Treasury and the Department of Justice. For more information about International Group's services please refer to www.vsecorp.com or contact Spence Miller at (703) 329-4601.

About VSE

VSE is a diversified Federal Services company of choice with over 50 years of experience in 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 logistics, engineering, IT services, construction management and consulting. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Vice President of Sales and Marketing, at (703) 329-3206.

Safe Harbor

This news release may contain 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 September 30, 2010