VSE Awarded $63M U.S. Army Reserve Command Recompetes
VSE Corporation (NASDAQ: VSEC) was awarded two Firm Fixed Price (FFP) Task Orders in September under its Field and Installation Readiness Support Team (FIRST) prime contract to continue the support services to the U.S. Army Reserve Command (USARC) for its 63rd and 88th Regional Support Command (RSC) Logistics Readiness Support programs, based out of Ft. McCoy, WI. The 63rd Task Order has a period of performance of 12 months with one 12-month option. The 88th RSC Task Order has a period of performance of 12 months with two 12-month options. The total combined value of both task orders is approximately $63M.
When combined with a task order awarded to VSE on August 23rd under its Rapid Response Third Generation (R2-3G) contract, the additional awards of the 63rd and 88th RSC enable us to continue work previously performed by VSE under a General Services Administration (GSA) task order that expired in July 2013. VSE will work directly with Government employees and Army reservists at the two RSCs to deliver effective Combat Service Support to the Army across a 19-state region. These task orders require the storage, supply, and maintenance of thousands of pieces of equipment, property accountability, vehicle operations, maintenance management, field and sustainment level maintenance, storage operations, Hands on Training (HOT) support, and watercraft maintenance support.
“We have assembled a superb team that has proven its ability to work effectively at the 88th and 63rd RSCs, and these awards are a reflection of our long-term history, commitment, and investment with our USARC customer,” said Federal Group President Donnelle Moten. “We are prepared to continue service at the highest level to ensure the units we support have the equipment they need to maximize training opportunities and meet their readiness targets.”
Established in 1959, VSE is a diversified federal services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to our clients' success by delivering sustainment services for legacy systems and equipment and professional services through talented people and innovative solutions. Key competencies include supply chain management, equipment refurbishment, logistics, engineering, energy, IT solutions, health care IT, and consulting. For additional information regarding VSE services and products, please see the Company's web site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations at (703) 329-3263.
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