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VSE Books Navy Demolition Deal

VSE Corporation (NASDAQ GS: VSEC) has won a $42.5 million cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for decontamination and demolition support services for the U.S. Navy’s industrial revitalization program.

“VSE’s previous performance under the industrial revitalization program has been recognized by the customer for its flawless record of safety and environmental compliance, ” said Michael E. Hamerly, head of VSE’s International Group. “It is especially noteworthy that the majority of our work was performed under very demanding working conditions, given the age of the facilities and variety of contaminants.”

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