SPRINGFIELD, Va., Oct. 1, 2012 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded a new prime contract with the U.S. Army Corps of Engineers (USACE), Middle East District, to provide Afghanistan National subject matter experts to perform on-site construction management support services for assigned projects supporting two USACE Engineer Districts in Afghanistan.
The construction management positions will support the Afghanistan Engineer District North (TAN), based in Kabul, with area and resident offices throughout Northern, Central, and Eastern Afghanistan, and Afghanistan Engineer District South (TAS), based in Kandahar, with offices throughout Southern and Western Afghanistan. These positions will replicate typical foreign national service employee positions obtained by U.S. Government Agencies to support overseas projects and locations. The first task orders under the contract are for $11.7 million for TAN and $4.3 million for TAS.
The Indefinite Delivery Indefinite Quantity (IDIQ) contract is a single award with a maximum four-year period of performance consisting of a base year and three options years. The maximum contract capacity over the entire length of the contract is $170 million. This contract is for Personal Services in exclusive support of the USACE construction mission in Afghanistan.
Tony Otten, CEO of Versar said, "Versar is pleased to be selected by USACE to support this important construction management program and we are privileged to continue our construction management and quality assurance support for reconstruction efforts in Afghanistan."
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 Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 29, 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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SOURCE Versar, Inc.