Versar, Inc. Extends Work at Joint Base Lewis-McChord
SPRINGFIELD, Va.--(BUSINESS WIRE)-- Versar, Inc. (NYSE MKT: VSR) today announced that it has been awarded a new contract by Tetra Tech, Inc. for Professional Services support at Joint Base Lewis-McChord, Washington (JBLM).
The contract has a five-month base ordering period beginning July 1, 2012, with a not to exceed value of $2.1 million, and four option periods totaling an additional $7.6 million. The total period of performance runs through June of 2014 and Versars total contract capacity is $9.7 million. Versar (VSR) in partnership with Tetra Tech has been supporting the United States Department of Defense environmental efforts on-site at Joint Base Lewis McChord, since 2007. JBLM is comprised of Lewis Main, Lewis North, McChord Field, and the Yakima Training Center. Versar will be supporting the Directorate of Public Works, Environmental Division, which is responsible for managing and performing environmental, natural resources, and cultural resources programs for JBLM.
Jeff Wagonhurst, President of Versar, said, "We are privileged to continue our Professional Services environmental support to this world-class Joint Base. Having commanded there myself as an Active Duty Army Officer, Im proud to lead Versar in contributing to the JBLM Environmental Division mission to sustain and protect the environment as a fully-integrated community partner in the lower Puget Sound, with a highly-trained and motivated workforce."
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, munitions response, and telecommunication and technology integration market areas.
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 Versars Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended July 1, 2011, as updated from time to time in the Companys periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
Michael J. Abram
Senior Vice President
Institutional Marketing Services (IMS)
John Nesbett or Jennifer Belodeau
Source: Versar, Inc.Copyright Business Wire 2012