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Technology Stocks : VSE Corp (VSEC)--turnaround is about complete
VSEC 180.68+0.8%Oct 31 9:30 AM EST

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To: Paul Lee who started this subject3/22/2004 2:38:06 PM
From: Paul Lee   of 97
 
VSE Supports U.S. Army Modernization of Tactical Communication System
Monday March 22, 2:29 pm ET
Communications and Engineering Division Receives $12.3 Million Task Order

ALEXANDRIA, Va., March 22 /PRNewswire-FirstCall/ -- VSE Corporation (Nasdaq: VSEC - News) reports that its Communications and Engineering Division has been awarded a U.S. Army $12.3 million task order to provide radios and ancillary devices to the government of Croatia under the U.S. government's Foreign Military Sales Program.
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The task order requires VSE and its subcontractor to support the production, testing, installation, and depot support of the SINCGARS Advanced Tactical Communication System (ATCS). Orders have been placed for $4.4 million under this tactical communications modernization effort. Work will be performed under VSE's multi-year Rapid Response (R2) Support Contract with the U.S. Army Communications-Electronics Command (CECOM) at Fort Monmouth, New Jersey.

VSE's Communications and Engineering Division, located in Shrewsbury, New Jersey, and Alexandria, Virginia, is under the direction of Thomas G. Dacus, Senior Vice President and Director of VSE's Federal Group. "VSE is pleased to provide program management support for this significant military assistance program. SINCGARS serves as a cornerstone of the U.S. Army's tactical Internet system currently deployed in Iraq. Our supplier and team partner, ITT Industries, offers the newest generation SINCGARS ATCS combining data, voice, and positioning information in a portable device that can be carried in a backpack or plugged into a mobile router for network operations."
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