Key Developments: VSE Corp (VSEC.O)
32.57USD
17 May 2013
$1.02 (+3.23%)
$31.55
$31.50
$32.80
$30.77
18,209
15,490
$32.80
$20.55
Latest Key Developments (Source: Significant Developments)
VSE Corp Declares $0.09 per Share Cash Dividend
VSE Corp announced that reported that the Company's Board of Directors has declared a quarterly dividend of $0.09 per share, increasing the cash dividend by 12.5% for an annual payout rate $0.36 per share. The dividend will be paid on August 7, 2013, to stockholders of record as of July 24, 2013. Full Article
VSE Corp Secures $24 Million To Support U.S. Army’s FMS Maritime Defense Systems
VSE Corp announced that it has been awarded a Cost-Plus Award Fee delivery order under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (NSTAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. The delivery order has a four year period of performance and a value of $23,734,925. Under this delivery order, VSE will support Taiwan's Maritime Defense efforts, managed by the Army Aviation and Missile Command's Integrated Material Management Center (AMCOM IMMC) Lower Tier Project Office (LTPO). The work focuses on technical assistance, supply chain management, equipment procurement, logistics, integration, facilities and administrative support to the LTPO office in the upgrade and maintenance of the Taiwan Maritime Defense Systems under the FMS agreement. Full Article
VSE Corp Secures $99 Million Contract To Support U.S. Coast Guard's FMS Program Contract
VSE Corp announced that its International Group has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract to provide program and technical support services for Security Assistance Projects administered by the U.S. Coast Guard Foreign Military Sales (FMS) Program. This single-award contract has a five-year period of performance (base year plus four one-year options) and a ceiling in excess of $99 million. Under this contract, VSE`s International Group will provide comprehensive program support, financial analysis, engineering, industrial, technical, logistics and transportation, warehouse and supply, and training support services for the purpose of acquiring, storing, reactivating, repairing, overhauling, refitting, modifying, transporting and transferring Ex-USCG Cutters, boats and related materials to foreign maritime services. Full Article
VSE Corp To Divest Integrated Concepts And Research Corporation And Combine Operations Of Its Two IT Subsidiaries, Akimeka, LLC and G&B Solutions, Inc.
VSE Corp announced that the Board of Directors approved the divestiture of its wholly owned subsidiary, Integrated Concepts and Research Corporation ("ICRC"), a construction management services company. The Board authorized management to sell ICRC and thereby eliminate VSE`s Infrastructure Group. Also, VSE is combining the operations of its wholly owned subsidiaries Akimeka, LLC ("Akimeka") and G&B Solutions, Inc. ("G&B") under the leadership of John Harris, who will serve as President of the combined entities. Full Article
VSE Corp's G&B Solutions Secures $8M SSA Subcontract From Koniag Services, Inc.
VSE Corp announced that Company's subsidiary, G&B Solutions, has been awarded a Time and Materials (T&M) follow-on task order by Koniag Services, Inc. (KSI) to continue providing support under the System Operations Support Services (SOSS) contract to the Social Security Administration (SSA). The new task order has a one year period of performance, and is valued at over $8 million. Full Article
VSE Corp Receives $13 Million Task Order To Support Pacific Air Force
VSE Corp announced that its International Group has been awarded a Firm Fixed Price (FFP) task order to continue providing support to the Pacific Air Force (PACAF) Command pre-positioned equipment program located in Guam. The task order was awarded through VSE’s GSA Logistics Worldwide schedule and has a value in excess of $13.1 million over a five-year period of performance. Full Article
VSE Corp's International Group Receives Delivery Order Under NAVSEA FMS Support Contract For $37.6 Million
VSE Corp announced that its International Group has received a delivery order totaling $37.6 million. The delivery order is for the continuation of work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. Under this delivery order VSE will provide engineering and training services in support of the Iraqi Navy in Umm Qasr over a three-year period. Services will include repair and maintenance training for various classes of ships and patrol boats supporting Iraqi naval security. Full Article
VSE Corp's International Group Receives Delivery Orders Under NAVSEA FMS Support Contract Totaling More than $19 Million
VSE Corp announced that its International Group has received several delivery orders totaling $19,477,041 to continue work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet Support Program. The recent delivery order awards, supporting three separate programs, that were awarded under the Indefinite Delivery/Indefinite Quantity (IDIQ) contract include: Egyptian Navy Fast Missile Crafts Infrastructure Support, Turkish Navy Anti-Air Warfare System Upgrade, Taiwan Navy Overhaul Technical Assistance. Full Article
VSE Corp's Subsidiary Akimeka Receives five Year Contract
VSE Corp announced that its subsidiary, Akimeka, has been awarded a contract by the Office of the Secretary of Defense (OSD), Tricare Management Activity (TMA). VSE was one of seven awardees of an indefinite-delivery/indefinite-quantity (IDIQ) contract which has a five year period of performance and a total cumulative contract value not to exceed $300 million for the entire program. The contract will support the Pacific Joint Information Technology Center (Pacific JITC) out of Kihei, Maui, Hawaii in the areas of Information Management/Information Technology (IM/IT) proof of concept demonstrations and product prototyping. Akimeka will support the Military Health System fulfill its mission to rapidly research, test and develop warfighter medical solutions and products, through pilots or prototypes that provide mission critical value and actionable information to the DoD, including the Services, Combatant Commanders, and the Department of Veterans Affairs. Full Article
VSE Corp Wins Multiple Award Health and Information Technology Contract with a Combined Potential Program Value Of $20 Billion
VSE Corp announced that it has been awarded a prime contract by the National Institutes of Health (NIH), an agency of the Department of Health and Human Services (HHS). The 10-year, multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) government-wide acquisition contracts (GWAC), have a cumulative ceiling value of approximately $20 billion. The ceiling dollars are to be 100% federally funded. VSE’s IT, Energy and Management Consulting Group will perform the work, which includes on-going information technology (IT) integration and outsourcing support services through the NIH Information Technology Acquisition and Assessment Center (NITAAC) Chief Information Officer Solutions and Partners III (CIO-SP3) program. Task areas are designed to support the Federal Enterprise Architecture (FEA) and all IT services described in the FEA. VSE’s work under the contract is expected to include routine and critical IT services for biomedical research and healthcare, IT operations and maintenance, infrastructure protection and information assurance, and enterprise management systems. Full Article
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