VSE Awarded Interim Contract for Transportation, Storage, Management, Maintenance and Disposition of Seized and Blocked Property and Conveyances
Potential VSE revenues of approximately $26 million over seven months
ALEXANDRIA, Va.-- VSE Corporation (NASDAQ GS: VSEC) reported today that its International Group has been awarded a seven-month interim contract worth $25.9 million to provide continued support services to the U.S. Department of the Treasury.
The scope of work includes comprehensive services to provide nationwide and U.S. Territory coverage of the transportation, storage, management and disposition of property and conveyances that has been seized by the U.S. Government.
Michael E. Hamerly, President of VSE's International Group stated, "We are very pleased that the customer has chosen the VSE team to continue our support of this important law enforcement program. Success of this program is critical to ensure that funding is available to the participating law enforcement agencies to enhance their capabilities to conduct successful investigations and forfeitures."
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, please refer to www.vsecorp.com or contact Spence Miller at (703) 329-4601.
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 Corporate Vice President of Sales and Marketing, at (703) 329-3206.
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