Jun 23, 2015, 08:15 ET
SPRINGFIELD, Va., June 23, 2015 /PRNewswire/ --Versar, Inc. (NYSE MKT: VSR) announced today that its wholly-owned subsidiary, J.M. Waller Associates, Inc., was awarded a new contract from the General Services Administration (GSA) to provide onsite professional engineering and program management advice, assistance and support for civil engineering activities related to various services performed at the Air National Guard Readiness Center, National Guard Bureau NGB/A7CP, at Andrews AFB, Maryland.
The firm fixed price contract is a single award with a maximum four-year period of performance consisting of a one base year and three option years. The maximum contract capacity is $2.8 million and the fully funded amount of the base year is approximately $700 thousand.
Tony Otten, CEO of Versar said, "We welcome this opportunity to work with the National Guard, and are confident that we have the experience and capabilities to successfully meet the contract requirements. In the year since we acquired J.M. Waller, their added expertise has allowed us to expand the scope of projects we are qualified to win."
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 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.
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SOURCE Versar, Inc.
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