VSE Corporation reported that its International Group has been awarded an Indefinite Delivery/Indefinite Quantity, or IDIQ, contract to provide program and technical support services for Security Assistance Projects administered by the U.S. Coast Guard Foreign Military Sales, or FMS, Program. This single-award contract has a five-year period of performance and a ceiling in excess of $99M. Under this contract, VSE's International Group will provide comprehensive program support, financial analysis, engineering, industrial, technical, logistics and transportation, warehouse and supply, and training support services for the purpose of acquiring, storing, reactivating, repairing, overhauling, refitting, modifying, transporting and transferring Ex-USCG Cutters, boats and related materials to foreign maritime services.
Activity in China's vast manufacturing sector weakened further in June to a 9-month low as new orders faltered, …