Versar, Inc. Awarded Major Air Force Contract
Versar, Inc. (NYSE Amex:VSR) announced today it is one of sixteen
small businesses awarded a five year, $3 billion ID/IQ contract by the
Department of the Air Force’s Center for Engineering and the Environment
(AFCEE). The five year contract will have an eight year performance
period and be worldwide in geographic scope.
The Worldwide Environmental Restoration and Construction (WERC 09)
contract scope allows for environmental restoration services,
traditional construction, and services in support of the Military
Munitions Response Program. Since December of 2003, Versar has performed
more than $35 million of work for AFCEE under a predecessor contract.
Dr. Ted Prociv, President & CEO of Versar, said, “The Air Force
continues to be a most valued client. The WERC 09 contract is a strong
vote of confidence in the quality of environmental remediation and
construction services we have provided the Air Force and our clients
over the years. This award supports our strategy of building Versar into
a leadership position among a new breed of “green” companies which
provide full service environment, energy and construction services. We
are a “green –collar” company.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly
held international professional services firm supporting government and
industry in national defense/homeland defense programs, environmental
health and safety and infrastructure revitalization. VERSAR operates
a number of web sites, including the corporate Web sites, http://www.versar.com,
http://www.homelanddefense.com,
and http://www.geomet.com;
http://www.viap.com
and http://www.dtaps.com.
This press release contains forward-looking information. The
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be significantly impacted by certain
risks and uncertainties described herein and in Versar’s Annual Report
on Form 10-K filed with the Securities and Exchange Commission for the
year ended June 26, 2009. The forward-looking statements are made as of
the date hereof and Versar does not undertake to update its
forward-looking statements.
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