Versar Inks Contract Modifications

Versar (NYSE Amex: VSR) won a pair of contract modifications from the Army Corps of Engineers for ongoing projects in Iraq and Afghanistan.

The first extends the firm’s services in support work in Iraq by three months and $2.7 million.

According to the firm, the second modification “added to the period performance and contract value for de-mining and Battle Area Clearance that supports the expansion of Camp Hero located at Kandahar Air Field in Afghanistan. The $1.87 million modification increased the overall contract value to approximately $9 million and involves the removal of Soviet-era military equipment and construction debris within an area that is scheduled to become a Regional Military Training Center for the Afghan National Army.”

“The United States Army Corps of Engineers is a trusted and highly valued client for Versar, ” CEO Tony Otten said. “Our continued presence in Iraq, after the major reconstruction effort has finished, is a testament to our flexible, professional, and customer-focused project management team. The important de-mining work by ADVENT in Afghanistan is what we do best in providing secure and tailored solutions in harsh environments in support of Department of Defense mission critical projects.”

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