Versar, Inc. Awarded Two New Task Orders Valued At $18.3 Million By The US Army Corps Of Engineers For Its Contract In Afghanistan

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Oct 07, 2014, 08:15 ET

SPRINGFIELD, Va., Oct. 7, 2014 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded two new task orders under its existing Personal Services Contract in Afghanistan. The year-long task orders were awarded by the U.S. Army Corps of Engineers (USACE), Middle East District (MED). The Personal Services Contract primarily provides Afghan engineering and technical staff to work with USACE personnel in overseeing construction projects throughout Afghanistan.

The combined value of the new task orders is $18.3 million, representing continued significant growth in Versar's four-year long contract with USACE, which expires in September 2016. To date, Versar has received $80.2 million of a maximum contract capacity of $170 million.

Tony Otten, CEO of Versar, said, "Versar has been proud to participate in the United States Department of Defense's reconstruction and capacity development efforts in Afghanistan since 2006. The continuation and growth of this contract is one of the key mechanisms USACE is using to provide long term and cost effective engineering oversight for active construction projects."

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value-oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.

VERSAR operates the corporate web sites, www.versar.com, and www.versarpps.com, and www.jmwaller.com.

This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 27, 2014, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.


Contact:	David Gray	John Nesbett or Jennifer Belodeau
	Director of Financial Reporting	Institutional Marketing Services (IMS)
	Versar, Inc.	(203) 972-9200
	(703) 642-6888	[email protected]
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