VERSAR, Inc. (Amex: VSR) announced today that it had been
notified that a joint venture between Versar, Inc. and Johnson Control
Federal Systems (parent is Johnson Controls, Inc. NYSE:JCI) will be
awarded one of approximately 12 large business contracts by the U.S. Air
Force for construction and design build services on a world-wide basis.
The contract, with an expected $10 billion dollar ceiling for all
awardees, including small and disadvantaged companies, will supply
facilities and infrastructure support to the Air Force Civil Engineering
Support Agency (AFCESA) under a Sustainment, Restoration, and
Modernization Control (SATOC). AFCESA, headquartered at Tyndall AFB, FL,
provides infrastructure construction design build and other support
services to address environmental restoration, military family housing
and the military construction program at existing Air Force facilities.
Work under SATOC will be awarded to each contractor through a task order
system over a five year period, plus five one-year options.
Dr. Ted Prociv, Versar’s President and CEO,
stated, “The SATOC contract gives Versar the
potential for significant infrastructure work for the Air Force during
the next decade. We are proud to partner with Johnson Controls Federal
Systems in this important contract to help maintain our Country’s
readiness around the world. SATOC will be an important contributor
toward our goal of growing Versar’s business
profitability in the coming years.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly
held international professional services firm supporting government and
industry in national defense/homeland defense programs, environmental
health and safety and infrastructure revitalization. VERSAR operates
a number of web sites, including the corporate Web sites, http://www.versar.com,
http://www.homelanddefense.com,
and http://www.geomet.com; and a B2B
portal for homeland defense products and services, http://www.nbcprotect.com
and http://www.dtaps.com.
This press 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 year ended June 29, 2007. The forward-looking
statements are made as of the date hereof and Versar does not undertake
to update its forward-looking statements.
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