Versar Inc. Team Awarded Environmental Remediation and Military Munitions Response Services Contract with Maximum Total Capacity of $250 Million
Versar, Inc. (NYSE: VSR) announced that it is a member of the RMC SoundEarth, LLC team that has been awarded a Multiple Environmental Government Acquisition (MEGA) contract for Environmental Remediation Services (ERS) and Military Munitions Response Program (MMRP) Services in support of the US Army Corps of Engineers, Omaha District. The maximum estimated combined total of all ten contracts awarded will not exceed $250,000,000. This contract consists of a three-year base ordering period with one two-year optional ordering period. Work will be performed at various locations nationwide, and may include Alaska, Hawaii, and US Territories.
Tony Otten, CEO of Versar, Inc., said, "We are very pleased to continue our extremely successful relationship with USACE, and with RMC Consultants, Inc. and SoundEarth Strategies, Inc. – two exceptional small businesses – on this important environmental and munitions contract. Versar's experience in MMRP support and environmental remediation services, combined with our strong nationwide presence, will aid the team in providing quality, efficient solutions to USACE. This MEGA Contract continues to demonstrate Versar's commitment to supporting the United States Government in achieving its critical environmental goals."
VERSAR, INC., headquartered in Springfield, VA, is a publicly traded global project management company providing sustainable, value-oriented solutions to government and commercial clients in the construction management, environmental services, and munitions response, and telecommunication and technology integration market areas.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.geomet.com; www.viap.com; www.dtaps.com; www.adventenv.com, www.charronconsulting.com and www.ppsgb.com.
This news 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 fiscal year ended June 28, 2012, as updated from time to time in the Company's periodic filings. 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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