VSE Corporation reported that its Fleet Maintenance Division
was awarded a contract by the U.S. Naval Surface Warfare Center
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).