VSE Corporation Announces $44 Million in New Awards
14 May 2020 - 7:30AM
Business Wire
VSE Corporation (NASDAQ: VSEC), a leading provider of
aftermarket distribution and repair services for land, sea and air
transportation assets for government and commercial markets, today
announced approximately $44 million in task and delivery order
awards with the United States Department of Defense (“DOD”), with
work expected to begin in the second quarter of 2020.
These awards include the following:
- A 39-month task order for new work under the Contractor Field
Team (CFT) program to provide flight line operations and aircraft
maintenance and maintenance support to the Commander, Naval Air
Forces Atlantic (CNAL) Fleet Replacement Squadron (FRS) at Naval
Air Station (NAS) Jacksonville, Florida for Boeing P-8 Poseidon and
Lockheed P-3 Orion aircraft.
- Multiple delivery orders to provide services under VSE’s
Foreign Military Sales contract with the Naval Sea Systems Command
(“NAVSEA”) International Fleet Support Program Office. Under these
delivery orders, VSE will provide maritime program support
including logistics, planning, maintenance, training and
engineering support to allied countries of the United States.
“During the last 60 days, VSE announced more than $160 million
in new contract awards with government customers,” stated John
Cuomo, President and CEO of VSE Corporation. “We remain focused on
growing our Federal & Defense segment backlog through an
expansion of VSE’s core contracting and capability solutions, while
growing with both new and existing customers. We look forward to
furthering our support of NAVSEA and our allied foreign navies, and
expanding our work under the CFT program at Naval Air Station
Jacksonville.”
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair
services for land, sea and air transportation assets for government
and commercial markets. Core services include maintenance, repair
and overhaul (MRO) services, parts distribution, supply chain
management and logistics, engineering support, and consulting and
training services for global commercial, federal, military and
defense customers. VSE also provides information technology and
energy consulting services. For additional information regarding
VSE’s services and products, visit us at www.vsecorp.com.
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INVESTOR RELATIONS Noel Ryan 720.778.2415
investors@vsecorp.com
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