Thursday, May 24, 2012

VSE Corp (Nasdaq: VSEC) Wins Health and IT Contracts with a Potential Value of $20B

VSE Corp (Nasdaq: VSEC) Wins Health and IT Contracts with a Potential Value of $20BNorthern, WI 5/24/12 (StreetBeat) -- VSE Corporation (NASDAQ:VSEC) reported today 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.

VSE CEO Maurice “Mo” Gauthier said, “This is a great opportunity to continue to expand our presence in the federal health and information technology market place. We look forward to leveraging the synergies created by our talented employees and our diversified subcontractor teammates to serve the mission critical IT needs of NIH and the CIO-SP3 program.”

About VSE

Established in 1959, VSE is a diversified federal services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management, consulting and supply chain management. For additional information on VSE services and products, please see the Company's web site at or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.

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