Energetics Wins Contract Award from U.S. Department of Homeland Security to Support Its Voluntary Private-Sector Preparedness Program
New Award Represents Potential Revenues of Approximately $3.4 Million
ALEXANDRIA, Va.-- VSE Corporation (Nasdaq: VSEC) reported today that its wholly owned subsidiary, Energetics Incorporated, was awarded a contract from the U.S. Department of Homeland Security's (DHS's) Voluntary Private-Sector Preparedness Program (PS-PREP). The total value of the new contract over its one year base period and two option years is $3.4 million.
Through this contract Energetics will provide Mission Support Services to assist the PS-Prep Program in its purpose to promote private-sector preparedness in 18 critical infrastructure and key resource (CIKR) sectors. Through direct outreach, engagement, and dialogue with members of the CIKR sectors, Energetics will assist in securing significant leadership from the private sector in the development of implementing frameworks to apply standard compliance to the unique preparedness challenges faced by each of the 18 CIKR sectors.
Energetics President James E. Reed said, "The lack of private-sector preparedness was a central finding of the 9/11 Commission Report and is the source of the Commission's recommendation to promote voluntary private-sector preparedness standards for disaster management, emergency management, and business continuity. We are pleased to apply our experience in building partnerships with the CIKR sectors and our understanding of the unique characteristics of these infrastructure sectors to assist in the implementation of the PS-Prep Program."
Energetics Incorporated, a wholly-owned subsidiary of VSE Corporation, is a technical and management consulting firm headquartered in Columbia, Maryland. Energetics specializes in a range of energy, environmental, homeland security, and global health issues. Its staff of engineers, scientists, economists, policy and business analysts, environmental specialists and marketing professionals assists public and private-sector clients with the management of research, development and demonstration programs; strategic and tactical planning; engineering, economic, and environmental analysis; the development of public/private partnerships; and outreach and communications. For more information on services and products provided by Energetics, please see the Company's web site at www.energetics.com or contact Brad Spear, Director of Business Development, at (202) 479-2748.
VSE marked 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 Sales and Marketing, at (703) 329-3206.
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.
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Source: VSE Corporation