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VSE Corporation Named among Prime Contractors for Air Force Design & Engineering Support Program

Dépèche transmise le 17 janvier 2012 par Business Wire

VSE Corporation Named among Prime Contractors for Air Force Design & Engineering Support Program

ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (Nasdaq GS: VSEC) was selected as one of the 27 prime contractors for the Air Force’s Design & Engineering Support Program for the next seven years. The program has a potential cumulative value of approximately $1.9 billion for this multiple award, indefinite-delivery/indefinite-quantity contract. Each of the prime contractors is eligible to compete for task orders under this multiple award contract.

“We are dedicated to serving the customer and maximizing our contract potential”

The Design & Engineering Support Program was established to provide a broad range of engineering services in support of any system or subsystem within the Air Force and the other Department of Defense services. The engineering services are to support specific objectives which focus on improving system life cycle cost, operational life, performance, sustainment including maintainability and support, and safety and environmental friendliness.

“We are dedicated to serving the customer and maximizing our contract potential,” said VSE Aviation Services Department Manager Spence Miller.

The contract is managed by the Air Logistics Center at Hill Air Force Base in Ogden, Utah; with services open throughout the Department of Defense and numerous locations. The contract term will expire in January 2019.

VSE International Group

VSE’s International Group provides global field engineering, logistics, and program management services to the U.S. military and other government agencies. The International Group also provides total program support for surface ships and systems transferred to foreign countries under the U.S. Navy's Foreign Military Sales program, ship modernization, refurbishment and repair; and aircraft sustainment for all DoD services. In addition, VSE International Group supports both the U.S. Department of Treasury and Alcohol, Tobacco & Firearms’ (ATF) seized and forfeited property programs; both programs generate revenue for the umbrella agencies to support their continued law enforcement efforts. For more information about the International Group’s services, please see our website at 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, supply chain management, 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.

VSE encourages investors and others to review the detailed reporting and disclosures contained in VSE public filings with the Securities and Exchange Commission for further information and analysis of VSE’s financial condition and results of operations. The public filings include additional discussion about the status of specific customer programs and contract awards, risks, revenue sources and funding, dependence on material customers, and management’s discussion of short and long term business challenges and opportunities.