SPRINGFIELD, Va., April 12, 2016 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded two task orders totaling $4.6 million for continued work on behalf of several clients within the U.S. Army Reserve.
Versar received a task order extension, valued at $3.5 million, to its current Operations, Plans Engineering and Environmental technical program to support the 88th Reserve Support Command (RSC), headquartered at Ft. McCoy, Wisconsin. Versar personnel have supported the 88th RSC's Directorate of Public Works in all aspects of managing its nearly 365 facilities in its vast 19-state area of responsibility. Versar's on-site professionals have successfully performed this work for nearly ten years.
In addition, Versar received a $1.1 million dollar task order renewal continuing its support of the Real Property Planning and Army Stationing and Installation Plans technical program for the Army Reserve Installation Management Directorate (ARIMD), headquartered at Ft Belvoir, VA. This task order is for an initial period of one year, with two additional option years, which may be exercised by ARIMD. Under this task order, which begins immediately, Versar will continue its support of ARIMD's mission to provide resources and guidance for construction and maintenance of Army Reserve installations.
Tony Otten, CEO of Versar said, "We are very pleased to be able to provide continued services to several long-standing clients within the U.S. Army Reserve. These task orders will enable the Company to undertake more significant work on behalf of both the 88th RSC as well as ARIMD and we're eager to undertake increasingly challenging projects on behalf of both entities."
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, 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 26, 2015, 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.
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SOURCE Versar, Inc.