Versar, Inc. Joint Venture Awarded $2.1M Task Order With NAVFAC Atlantic

Dec 03, 2015, 08:15 ET from Versar, Inc.

SPRINGFIELD, Va., Dec. 3, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that the joint venture between Geo-Marine/AECOM was awarded a $2.1 million task order under its Naval Facilities Engineering Command (NAVFAC) Natural Resources multiple award IDIQ contract to develop predictive models to understand the dynamics of and define the source of the sediment/material transportation near and adjacent to Naval Submarine Base Kings Bay, GA. This will include the development mitigation alternatives that will reduce the frequency of sediment accumulation.

Tony Otten, CEO of Versar, said, "This award is a great win for the JV partnership with AECOM. We welcome this additional opportunity to work with NAVFAC and are confident in our team's ability to provide high quality environmental services to match the requirements of this task order."

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 following websites: www.versar.com and www.versarpps.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 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.

 

Contact: 

Karin Weber 

John Nesbett or Jennifer Belodeau


Investor Relations

Institutional Marketing Services (IMS)


Versar, Inc.

(203) 972-9200


(703) 642-6706

jnesbett@institutionalms.com


kweber@versar.com


Logo - http://photos.prnewswire.com/prnh/20120806/NE52646LOGO

 

SOURCE Versar, Inc.



RELATED LINKS

http://www.versar.com