VSE Wins Potential $1.5B Contract From US Naval Sea Systems

VSE Corporation (NASDAQ: VSEC) has won a one-year $277 million cost-plus-award-fee, indefinite-delivery and quantity contract from the U.S. Naval Sea Systems Command. The contract options, if exercised, have a potential value of $1.5 billion over a five-year period.

Per the contract, VSE will provide continuous lifecycle support for naval vessels bought, sold or transferred to Foreign Military Sales customers through the International Fleet Support Program. This includes design, configuration management, maintenance, engineering, training and depot-level repair.

Additionally, the VSE N*STAR team, which includes companies such as Raytheon, CSC, SAIC, Thales Naval, Inc, Lockheed Martin, BAE Systems, General Dynamics, and American Systems Corporation, will also provide technical, procurement, engineering, test, inspection, equipment upgrade installation and overhaul support services. No funds are being obligated at this time.

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.