VSE Comments Further on SeaPort Enhanced Contract Award

Thursday, April 08, 2004
VSE Corporation reported that its Fleet Maintenance Division was awarded a contract by the U.S. Naval Surface Warfare Center, Dahlgren Division. The contract, entitled SeaPort Enhanced ("SeaPort-e"), is a multiple award, indefinite delivery, indefinite quantity contract, and accordingly, actual VSE revenue estimates for the contract cannot be predicted. VSE understands that the Navy awarded SeaPort-e contracts to VSE and about 150 other contractors. By receiving this award, VSE and its subcontractors are prequalified to bid on up to $1.3 billion annually of work which is expected to become available to support the requirements of the Naval Sea Systems Command (NAVSEA), the Naval Surface Warfare Centers (NSWCs), and the Naval Undersea Warfare Centers (NUWCs).

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