Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded a $47.8 million contract extension for its ongoing efforts to support the Federal Aviation Administration's (FAA) Security System Design and Integration (SSDI) Program. The contract extension is for one two-year base period and two six-month option periods. This contract modification was awarded under the FAA's contract with Johnson Controls Security Systems, which Versar purchased from Johnson Controls, Inc. in late 2015 and is now known as Versar Security Systems (VSS). Under this modification, VSS will continue to provide physical security design and implementation services and support the migration of physical security systems onto the FAA's IT Enterprise.
Tony Otten , CEO of Versar said, "We are very pleased to continue our quality support of the Federal Aviation Administration, a long term client of VSS. This contract extension will enable VSS to continue to provide Security System Design and Integration services to FAA facilities throughout the United States. We're confident that our capabilities are aligned with the requirements of the contract."
Source: Versar, Inc.
Date: Apr 6, 2016