VSE Awarded U.S. Navy Contract

Monday, November 25, 2002
VSE Corporation’s Fleet Maintenance Division has been awarded a cost plus fixed fee, indefinite delivery indefinite quantity contract by the Fleet Industrial Supply Center Philadelphia to support the Naval Sea Systems Command (NAVSEA) Shipbuilding Support Office (NAVSHIPSO). The new contract represents potential VSE revenues of up to $30.7 million during the base year, and up to $160.5 million over five years if all option periods are exercised. Through its Haddon Heights, New Jersey, and Chesapeake, Virginia, offices, VSE will provide the Navy with engineering and technical support services for ship modernization efforts, including shipboard electric and electronic systems, crew habitability, and auxiliary and propulsion systems. VSE has supported NAVSHIPSO since 1992 under several contracts. VSE Senior Vice President Mike Hamerly said, "We are very pleased to have been selected by NAVSHIPSO to continue our efforts in supporting this important national defense work. We have supported the Navy's Ship Modernization Program for many years, and we look forward to meeting each new challenge in this very important program during the next five years."

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