Versar, Inc. Awarded $5 Million in New Air Force Contracts
Versar, Inc. (NYSE Amex: VSR) announced its U.S. Engineering and
Construction Group was awarded six new contracts by the U.S. Air Force
totaling over $5 million.
The new awards were issued under Versar’s SATOC contract with the Air
Force Civil Engineering Support Agency for sustainment, renovation, and
modernization at three US Air Force installations and will be completed
in the next 12 months. The scope of work includes the installation of
vehicle and final denial barriers at Maxwell AFB in Alabama; heating,
ventilation, and air conditioning repairs, repairing parking lots,
demolishing an obsolete heat plant, and repairing fire alarm systems at
Andrews AFB in Maryland; and minor repairs at a bulk fuel storage
facility at Wright Patterson AFB in Ohio.
Dr. Ted Prociv, President & CEO of Versar, said, “These new awards
reflect the strong business development effort we have been undertaking
to strengthen our U.S. based capabilities to match our international
work. This is a continuation of the large program management assignments
Versar has successfully performed for the U.S. Air Force.”
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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