VERSAR, INC. Awarded $8.8 Million in Extensions for Afghanistan Construction Management and Quality Assurance Work
SPRINGFIELD, Va., Nov. 12, 2013 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded $8.8 million in subcontract extensions from HDR Environmental, Operations & Construction, Inc. The extensions provide for continued construction management and quality assurance operations in Afghanistan through July 2014 supporting the Air Force's construction responsibilities. These extensions bring Versar's HDR subcontract total to just under $40 million over the life of the subcontract. Since 2006, Versar has been awarded construction management and quality assurance work in Afghanistan valued in excess of $95 million.
Tony Otten, CEO of Versar, said, "We look forward to continuing our work with HDR EOC, providing construction management and quality assurance support to the Afghanistan reconstruction activities being led by the Department of Defense. This important subcontract is one of our many ongoing contracts in the region, and we believe this extension demonstrates the level of 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.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.geomet.com, www.viap.com, www.dtaps.com, www.adventenv.com, www.charronconsulting.com, www.ppsgb.com, and www.geo-marine.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 28, 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.