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Versar, Inc. Awarded $5 Million in New Air Force Contracts


  • Press Release
  • Source: Versar, Inc.
  • On 9:15 am EDT, Wednesday October 7, 2009

SPRINGFIELD, Va.--(BUSINESS WIRE)--Versar, Inc. (NYSE Amex: VSR) announced its U.S. Engineering and Construction Group was awarded six new contracts by the U.S. Air Force totaling over $5 million.

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The new awards were issued under Versar’s SATOC contract with the Air Force Civil Engineering Support Agency for sustainment, renovation, and modernization at three US Air Force installations and will be completed in the next 12 months. The scope of work includes the installation of vehicle and final denial barriers at Maxwell AFB in Alabama; heating, ventilation, and air conditioning repairs, repairing parking lots, demolishing an obsolete heat plant, and repairing fire alarm systems at Andrews AFB in Maryland; and minor repairs at a bulk fuel storage facility at Wright Patterson AFB in Ohio.

Dr. Ted Prociv, President & CEO of Versar, said, “These new awards reflect the strong business development effort we have been undertaking to strengthen our U.S. based capabilities to match our international work. This is a continuation of the large program management assignments Versar has successfully performed for the U.S. Air Force.”

VERSAR, INC., headquartered in Springfield, VA, is a publicly held international professional services firm supporting government and industry in national defense/homeland defense programs, environmental health and safety and infrastructure revitalization. VERSAR operates a number of web sites, including the corporate Web sites, http://www.versar.com, http://www.homelanddefense.com, and http://www.geomet.com; http://www.viap.com and http://www.dtaps.com.

This press 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 year ended June 26, 2009. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

Contact:

Versar, Inc.
Michael J. Abram
Senior Vice President
703-642-6706
mabram@versar.com

Investor Relations:
Barry Kaplan Associates
Andrew J. Kaplan
732-747-0702
smallkap@aol.com

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