VSE Awarded Contract for Material and Technical Support to Iraqi Navy
- Award Represents Potential VSE Revenues of Approximately $10 M for One Year
(Alexandria, Va., July 26, 2010) -- VSE Corporation (NASDAQ GS:VSEC) reported today that the GLOBAL Division of its International Group has been awarded a $10 million delivery order to provide material and technical support for the Iraqi Navy at Umm Quasar, Iraq. The scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to maintain its ships and patrol craft as well as providing ship repair technical assistance to Iraqi Navy personnel.
Michael E. Hamerly, President of VSE's International Group stated, "We are pleased that the customer has chosen the VSE team to participate in rebuilding the Iraqi Navy's ability to sustain its force. International Group has a long history of inserting new industrial technology into the foreign customer's infrastructure and through tailored technical support helping their maintainers achieve self sufficiency."
Source : VSE Corp.
Published on ASDNews: Jul 27, 2010
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