SPRINGFIELD, Va., April 28, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that the team of AGEISS, Inc. (Prime Contractor) and Versar, Inc. (Subcontractor) was awarded a new contract from U.S. Army Corps of Engineers (USACE) Seattle District to provide comprehensive environmental quality support services at Joint Base Lewis-McChord and Yakima Training Center, Washington state. The firm fixed price contract has a maximum five year period of performance consisting of a base year and four option years. Versar's portion of this contract during the stated period of performance is $11 million.
Jeff Wagonhurst, President of Versar said, "We are pleased to have this opportunity to continue our work with USACE Seattle. This award is a validation of the team we have formed with AGEISS, Inc. and we are confident in our team's ability to provide high quality professional services to match the requirements of the contract."
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 27, 2014, 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.