SPRINGFIELD, Va., April 23, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Johnson Controls Federal Systems has been awarded a $7 million Sustainment, Restoration & Modernization (SR&M) Acquisition Task Order Contract (SATOC) with the Air Force Civil Engineer Center (AFCEC). The contract will provide design-build services for repairs of the Blue Brick Buildings at Kuwait Naval Base (KNB), Kuwait. The contract is a single award and is expected to be completed by July 2017.
Tony Otten, CEO of Versar, Inc. said, "We are excited to work with our joint venture partner Johnson Controls Federal Systems on this additional opportunity to provide continued support to AFCEC. This is the second significant SATOC contract we've been awarded in Kuwait within the last few months and we are confident in our team's ability to deliver the high quality service this contract requires."
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.