Versar Awarded $29.5 Million Contract By U.S. Army Corps Of Engineers
Versar, Inc (NYSE Amex: VSR) announced today that it was awarded a five-year (base + 4 option years) contract with a ceiling value of $29.5 million from the United States Army Corps of Engineers, Los Angeles District to support range cleanup of military munitions and explosives at the National Training Center (NTC), Fort Irwin, California.
The NTC, located in the Mojave Desert midway between Las Vegas and Los Angeles, is the only instrumented training ground in the world capable of handling brigade-sized units. As large as the State of Rhode Island, NTC conducts live “force on force” training exercises that could involve 4,000 - 5,000 soldiers per month. A large number of munitions and explosives are expended each month across the range. Under this contract, Versar is responsible for locating, identifying, marking and disposing of a wide-variety of munitions and explosives so that NTC range operations can continue to be conducted safely and efficiently.
Tony Otten, CEO of Versar, said, “This significant contract award continues Versar’s history of providing munitions cleanup and related demilitarization services to the U.S. military. We are very happy to be selected by the Army Corps of Engineers to support the NTC in its vital mission of training America’s soldiers. The new work at Ft. Irwin adds to the strong military munitions response programs and range cleanup services Versar is already providing to the U.S., including chemical weapons demilitarization work for the U.S. Army near Tooele, Utah and work at the Nellis Air Force Base in Nevada and for the Army Corps of Engineers Omaha District.“
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, http://www.geomet.com; http://www.viap.com; http://www.dtaps.com; www.ppsgb.com; www.adventenv.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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