VSE Buys Wheeler Bros. for $180 Million

VSE Corporation (NASDAQ: VSEC) has a deal in place to purchase Wheeler Bros., Inc., a supply chain management company headquartered in Somerset, PAPrivacy Act. WBI supplies vehicle parts to the U.S. Postal Service (USPS) and the Department of Defense. The deal is worth $180 million in cash. “Over the past 50 years, WBI has developed a world class supply chain company...

VSE Corp. Rolls Out Financial Figures, Seeks Continued Growth of Core Capabilities

VSE Corporation (Nasdaq: VSEC) reported revenues for the fourth quarter of 2010 were $212 million compared to $256 million in the fourth quarter of 2009 and revenues in 2010 were $866 million, compared to $1.015 billion in 2009. “This year was once again distinguished by significant headwinds best characterized by sluggish award activities and delayed funding of existing...

G&B Solutions to Mentor SBA 8(a) Firm

VSE Corp. (NASDAQ: VSEC) subsidiary G&B Solutions has a mentor-protégé agreement in place with A-sa-ma-di Business Solutions (ABS), a Native American, woman-owned firm. ABS holds Small Business Administration 8(a) certification. G&B will assist the firm in management, technical, financial and business development activities. G&B is currently working with ABS ...

VSE’s Mo Gauthier on New Army Deal

VSE Corporation (NASDAQ: VSEC) claimed a prime contract, one of several new multiple award omnibus contracts to continue work under the U.S. Army CECOM’s Rapid Response (“R2”) replacement program “Rapid Response-Third Generation (R2-3G).” “VSE will compete for task orders under the Indefinite Delivery/Indefinite Quantity (IDIQ) R2-3G contract over the five-year...

VSE Grabs Deal to Bolster Iraq Navy

VSE Corporation (NASDAQ GSGeneral Schedule:VSEC) claimed a $10 million delivery order to provide material and technical support for the Iraqi Navy at Umm Quasar, Iraq. According to the firm, “the scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to maintain its ships and patrol craft as well as providing ship repair...

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