VSE Corporation to Introduce Global Defense Sustainment Capabilities at IDEX 2015
RIYADH, Saudi Arabia-- VSE Corporation (NASDAQ:VSEC), together with partner Saudi Prerogative Company (SPC) will showcase their wide range of defense sustainment capabilities, including the maintenance, repair, overhaul and modernization of land, sea and air systems at the International Defense Exhibition and Conference (IDEX) 2015 in Abu Dhabi, United Arab Emirates.
VSE and SPC have recently formed a Saudi-registered Joint Venture Company, VSE Arabia, dedicated to providing world-class platform, system and equipment sustainment to the Saudi market. VSE Arabia’s Riyadh office in Al-Akaria Plaza serves as headquarters for this initiative to bring the combined capabilities of the two companies to a broader market, improving readiness and providing cost effective sustainment to critical defense systems.
Speaking about IDEX 2015, VSE CEO Maurice “Mo” Gauthier highlighted the “unique opportunity afforded by IDEX to introduce our decades of experience in the cost effective sustainment of platforms, systems and equipment to a much broader market. He also highlighted that “we are delighted at this opportunity to further strengthen our partnership with SPC. Together we can provide our sustainment services while at the same time applying our expertise in training and workforce development to benefit our customers over the long term. We are proud to support the Kingdom’s initiative to develop and employ Saudi professionals across a wide range of industry, known as Saudization.”
Shk. Mazen K. Al-Sowaigh, president and CEO of SPC echoed this sentiment: “IDEX allows us to showcase the strength of our partnership - a strong strategic fit and a key part of our long-term growth strategy. VSE Arabia leverages the two companies’ respective strengths and we’re excited to partner with VSE as we focus our combined energies to serve a broad range of customers with industry-leading lifecycle sustainment, engineering and supply chain solutions. Our solutions increase asset readiness while addressing the need for Saudization through training, employing and mentoring local citizens.”
Established in 1959, VSE is a diversified sustainment and services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our federal and commercial clients successful by delivering innovative solutions for ship, vehicle and aircraft sustainment, supply chain management, platform modernization, mission enhancement, program management, energy, IT, and consulting services. For additional information regarding VSE services and products, please see the Company's web site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations, at (703) 329-3263.
About Saudi Prerogative Company
SPC is a privately Held Saudi Company, Established in 2003, with a focus on meeting emerging challenges in areas critical to developing and safeguarding the Kingdom of Saudi Arabia. They design and deliver innovative Systems, services and solutions in the areas of Information Technology, Construction and Civil Work, Homeland Security/Defense, Communications, Education, Health Care and transportation.
Christine Kaineg, 703-329-3263
Source: VSE Corporation
Released February 21, 2015