Additional Funding Will Allow Continued Support of Egyptian Navy Fleet
Development and Sustainment Efforts
ALEXANDRIA, Va.–(Business Wire)–
VSE Corporation (Nasdaq GS:VSEC) reported that its International Group`s GLOBAL
Division has received an award to continue work being conducted in Alexandria,
Egypt.
The $35.8M In-Country Technical Assist award will enable GLOBAL Division to
provide Management, Engineering, Technical, Training and Logistics support for
the Egyptian Navy FMS programs and ex-United States Navy transferred ships
either in port or at sea, as necessary to support ship operations, training and
maintenance.
Additionally, the contract provides continuing funding to support an Industrial
Training School, a Damage Control and Fire Fighting School, and provides
continuing support to assist the Egyptian Navy in improving their shipyard
infrastructure.
Mike Hamerly, President of International Group, says, “We are excited to
continue our productive working relationship with the Egyptian Navy that has
allowed for successful training and implementation of various functions and
services essential to effective fleet development and sustainment.”
About VSE`s International Group
International Group provides engineering, industrial, logistics and foreign
military sales services to the U.S. military and other government agencies.
GLOBAL Division provides assistance to the U.S. Navy in executing its Foreign
Military Sales (“FMS”) Program for ex-U.S. Navy surface ships sold, leased or
granted to foreign countries by providing program management, engineering,
industrial support, technical support, logistics and crew training services for
ship reactivations and transfers and follow-on support. Fleet Maintenance
Division provides global field engineering, logistics, maintenance, and
information technology services to the U.S. Navy, Army and Air Force, including
fleet-wide ship, vehicle and aircraft support programs. FMD`s expertise includes
ship repair and modernization, ship systems installations, facility operations,
war reserve materials management, aircraft sustainment and maintenance
automation, and IT systems integration. Under its Government Services
Department, FMD also provides seized and forfeited property management for the
U.S. Treasury including, retrieval, transportation, storage, liquidation and
facilities management. Munitions and Ordnance Department of FMD provides
munitions and ordnance R&D, operational requirements support, decontamination,
demilitarization, and program management support. For more information about
International Group`s services please see the VSE Corporation website at
www.vsecorp.com or contact Donald Babcock at (703) 329-4683.
About VSE
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
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.
Safe Harbor
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.
VSE Corporation
News Contact:
Sylvia Gethicker, 703-329-4610
or
Investor Relations:
Keren Ackerman, 703-329-4605
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