VSE Awarded $24M to Support the U.S. Army’s FMS Maritime Defense Systems

VSE will provide technical assistance, supply chain management, and logistics support to Taiwan

ALEXANDRIA, Va.-- VSE Corporation (NASDAQ: VSEC) has been awarded a Cost-Plus Award Fee delivery order under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. The delivery order has a four year period of performance and a value of $23,734,925.

Under this delivery order, VSE will support Taiwan’s Maritime Defense efforts, managed by the Army Aviation and Missile Command’s Integrated Material Management Center (AMCOM IMMC) Lower Tier Project Office (LTPO). The work focuses on technical assistance, supply chain management, equipment procurement, logistics, integration, facilities and administrative support to the LTPO office in the upgrade and maintenance of the Taiwan Maritime Defense Systems under the FMS agreement.

“We are pleased to support the AMCOM IMMC LTPO on this important effort,” said Federal Group President Donnelle Moten. “We will continue to ensure that this program provides reliable, affordable and timely defense to the U.S. and our partner nations.”

“The trust the LTPO has placed in our ability to perform this complex work reflects across all of VSE and demonstrates the spirit, focus and collaboration we practice every day with our customers,” added VSE CEO Maurice “Mo” Gauthier. “We are extremely proud to be selected for this important U.S. Army program and to further expand our presence in the FMS marketplace.”

About VSE

Established in 1959, VSE is a diversified federal services company with 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, consulting and supply chain management. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com.

VSE News Contact:
Christine Kaineg, 703-329-3263

Source: VSE Corporation

Released April 10, 2013