SPRINGFIELD, Va., Feb. 11, 2016 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it was awarded a $2.4 million firm fixed price contract for construction and engineering activities supporting the Sustainment, Restoration, and Modernization Acquisition Task Order Contract (SATOC) IDIQ with the Air Force Installation Contracting Agency (AFICA), held with joint venture partner, Johnson Controls Federal Systems.
The AFICA SATOC IDIQ primarily serves the United States Air Force Civil Engineering Center (AFCEC) customers, providing a fast track, efficient method for design and execution of all types of facility repairs, renovations and construction.
Tony Otten, CEO of Versar said, "This award is a validation of the team we have formed with our joint venture partner Johnson Controls Federal Systems. We welcome this additional opportunity to work with AFICA and AFCEC and are confident that our team's unique capabilities can continue to support this critical sustainment, restoration, and modernization program."
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 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.
SOURCE Versar, Inc.