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Versar, Inc. Awarded New Contract For Critical Environmental Work On Behalf Of Air Force Civil Engineer Center
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PR Newswire
SPRINGFIELD, Va., July 6, 2016
SPRINGFIELD, Va., July 6, 2016 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, J.M. Waller Associates, was competitively awarded the Architect-Engineer 2013 Environmental Services (A-E13ES) multiple-award contract with a combined contract ceiling totaling $500 million for continued work on behalf of Air Force Civil Engineer Center (AFCEC). The contract provides for the performance of Title I and Title II architectural-engineering (A-E) and other A-E services, primarily for multidisciplinary environmental projects, including planning and programming, environmental restoration, quality (environmental compliance and pollution prevention), and environmental conservation services. Specifically, this contract is the follow-on to the former AFCEC 4PA-E08 contract and is intended to provide support for AFCEC's worldwide environmental program. The contract vehicle has a five (5) year period of performance, during which time additional work may be awarded/performed; work may also be performed for two (2) additional years following the base period.
Tony Otten, Chief Executive Officer of Versar, said: "We are very pleased to assist AFCEC in addressing such important environmental issues at many of its facilities worldwide. This contract will enable the Company to continue to serve a long-standing customer and accomplish several critical tasks on its behalf."
VERSAR, INC., headquartered in Springfield, Virginia, 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 professional services market areas.
VERSAR operates the following websites: www.versar.com and www.versarpps.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 26, 2015, 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.
| Contact: | Karin Weber | Robert Ferri |
| | M&A, Investor Relations Manager | Robert Ferri Partners |
| | Versar, Inc. | (415) 575-1589 |
| | (703) 642-6706 | |
| | |
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/versar-inc-awarded-new-contract-for-critical-environmental-work-on-behalf-of-air-force-civil-engineer-center-300294115.html
SOURCE Versar, Inc.
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