(PRZOOM - Press & Newswire) Alexandria, VA, United States, 2010-07-26
- Award represents potential VSE revenues of approximately $10 million for one year (NASDAQ GS: VSEC)
VSE Corporation (NASDAQ GS: VSEC) reported today that the GLOBAL Division of its International Group has been awarded a $10 million delivery order to provide material and technical support for the Iraqi Navy at Umm Quasar, Iraq. The scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to maintain its ships and patrol craft as well as providing ship repair technical assistance to Iraqi Navy personnel.
Michael E. Hamerly, President of VSE’s International Group stated, “We are pleased that the customer has chosen the VSE team to participate in rebuilding the Iraqi Navy’s ability to sustain its force. International Group has a long history of inserting new industrial technology into the foreign customer’s infrastructure and through tailored technical support helping their maintainers achieve self sufficiency.”
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. For more information about International Group’s services please contact Spence Miller at (703) 329-4601.
VSE (vsecorp.com) 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 website 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.
Investor Relations: Keren Ackerman / P: (703) 329-4605