Versar, Inc. Awarded $2.5 Million Extension for Afghanistan Construction Management and Quality Assurance Work
SPRINGFIELD, Va., March 8, 2013 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded a $2.5 million subcontract extension from HDR, Inc., a global architecture, engineering, consulting and construction firm, for continued construction management and quality assurance operations in Afghanistan. This current extension brings Versar's HDR subcontract total to just under $31 million and will allow Versar to continue to provide engineering support, construction management and quality assurance operations in Afghanistan through May 2013. Versar has been providing construction management and quality assurance work in Afghanistan since 2006.
Tony Otten, CEO of Versar, Inc., said, "This important subcontract with HDR, one of our many ongoing contracts in the region, allows Versar to continue to support the Department of Defense by providing our construction management and quality assurance capabilities toward reconstruction efforts in Afghanistan. The HDR/Versar team will continue to provide high quality services and capacity development and this extension clearly demonstrates the confidence our Government has in the many services we provide."
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.
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 29, 2012, 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.
SOURCE Versar, Inc.