Versar Joint Venture Awarded $7 Million Project At Langley AFB
Versar, Inc. (NYSE Amex: VSR) announced that its Joint Venture with W.M. Jordan was awarded a $7,185,824 firm-fixed-price contract for construction upgrades of the existing West and LaSalle Gates at Langley Air Force Base, Virginia. The W.M. Jordan/Versar Joint Venture holds a Multiple Award Task Order Contract with the Norfolk District United States Army Corps of Engineers and this is the sixth task order awarded to the Joint Venture. Under the terms of the Joint Venture, Versar will manage this entire project.
The scope of work at West Gate will provide for a vehicle inspection facility, truck canopy, and a 69,000 square foot asphalt roadway. The LaSalle Gate project will include a new visitor center and sentry check house. This project will comply with Department of Defense antiterrorism/force protection requirements per the Unified Facilities criteria.
Jeff Wagonhurst, President of Versar, Inc., said, “Versar was selected for these projects based on our past performance in providing quality turnkey security gate construction for our Department of Defense Clients The Langley project adds to recently completed gate projects at Andrews Air Force Base, Maxwell Air Force Base and Aberdeen Proving Grounds.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly held global project management company providing sustainable solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy. VERSAR operates a number of web sites, including the corporate Web sites, www.versar.com, www.homelanddefense.com, www.geomet.com; www.viap.com; www.dtaps.com; www.adventenv.com, and www.ppsgb.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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