VSE Corporation (NASDAQ: VSEC) has been awarded a Cost-Plus Award Fee delivery order under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. The delivery order has a four year period of performance and a value of $23,734,925.
Under this delivery order, VSE will support Taiwan’s Maritime Defense efforts, managed by the Army Aviation and Missile Command’s Integrated Material Management Center (AMCOM IMMC) Lower Tier Project Office (LTPO). The work focuses on technical assistance, supply chain management, equipment procurement, logistics, integration, facilities and administrative support to the LTPO office in the upgrade and maintenance of the Taiwan Maritime Defense Systems under the FMS agreement.
“We are pleased to support the AMCOM IMMC LTPO on this important effort,” said Federal Group President Donnelle Moten. “We will continue to ensure that this program provides reliable, affordable and timely defense to the U.S. and our partner nations.”
“The trust the LTPO has placed in our ability to perform this complex work reflects across all of VSE and demonstrates the spirit, focus and collaboration we practice every day with our customers,” added VSE CEO Maurice “Mo” Gauthier. “We are extremely proud to be selected for this important U.S. Army program and to further expand our presence in the FMS marketplace.”
Source: VSE Corp.
Date: Apr 11, 2013