VSE Corporation to Mentor Penobscot Indian Nation Enterprises (PINE) in Engineering Specializations for Federal Contracting Market

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Tue Jun 30, 2009 9:30am EDT

Awards subcontract to refurbish Army vehicles and equipment
ALEXANDRIA, Va.--(Business Wire)--
VSE Corporation (Nasdaq GS:VSEC) announced today that it will mentor a federal
business entity owned by the Penobscot Indian Nation in Bangor, Maine. 

In support of the mentoring arrangement, VSE has awarded a subcontract to
Federal Program Integrators, LLC (FPI), a subsidiary of Penobscot Indian Nation
Enterprises (PINE). FPI is currently seeking 8(a) certification from the U.S.
Small Business Administration (SBA). FPI will assist in the refurbishment of
military wheeled vehicles and equipment at VSE Federal Group`s engineering
facility in Ladysmith, Virginia. Both firms will apply to the SBA for inclusion
in the SBA Mentor-Protégé program. 

At a recent news conference held to announce the mentoring arrangement, Chief of
the Penobscot Nation Kirk Francis stated, "We are confident that our
relationship with VSE will help facilitate FPI`s successful entry into the
federal services market. We are very excited to be partnering with a company as
reputable as VSE." 

"The leadership teams from VSE and PINE recognize the similarities of our
respective cultures of service and commitment," said VSE CEO Mo Gauthier. "VSE
is proud to share our federal services experience with the Penobscot Nation
through this mentoring arrangement." Under the SBA Mentor-Protégé program, the
protégé receives technical and financial assistance from the mentor. The mentor
is then allowed to team with the protégé in pursuit of sole source 8(a)
contracts. Mentors can receive up to 49% of the work generated through the
program. 

Additionally, VSE is hosting Lloyd Bryant, a member of the Penobscot Nation and
a mechanical engineering student at the University of Maine, who is conducting
an internship this summer at VSE`s Federal Group offices in Alexandria,
Virginia. VSE`s Federal Group provides engineering, technical, management and
integrated logistics support services to U.S. military branches and other
government agencies. 

About PINE and FPI

Penobscot Indian Nation Enterprises (PINE) is a federally-chartered economic and
business development corporation approved by the Penobscot Tribal Council. 

Federal Program Integrators, LLC (FPI) is a manufacturer of wood products under
various government and commercial contracts. Its most recent assignment has been
providing refurbishment services to the Maine Military Authority at Loring AFB
in Caribou, Maine. 

About VSE

VSE marked its 50th year as a government contractor in January 2009. Established
in 1959, VSE is a diversified professional services company providing
engineering and consulting services, systems integration, infrastructure
support, and information technology management and solutions, principally to
agencies of the United States Government and other government prime contractors
at locations across the United States and around the world. For additional
information on VSE services and products, please see our web site at
www.vsecorp.com or contact Corporate Vice President of Sales and Marketing Randy
Hollstein at (703) 329-3206. 

VSE encourages investors and others to review the detailed reporting and
disclosures contained in VSE public filings with the Securities and Exchange
Commission for further information and analysis of VSE`s financial condition and
results of operations. The public filings include additional discussion about
the status of specific customer programs and contract awards, risks, revenue
sources and funding, dependence on material customers, and management`s
discussion of short and long term business challenges and opportunities. 





VSE Corporation
News Contact: Sylvia Gethicker, 703-329-4610
Investor Relations: Keren Ackerman, 703-329-4605 



Copyright Business Wire 2009

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