VSR - 4.45 + .42, been HOD of 4.94
Anyone else have patience to keep this one over the past 2 years?
Versar Selected on Two Winning Teams for Major Navy Technology Contract
PR Newswire - April 27, 2004 09:20
SPRINGFIELD, Va., Apr 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- VERSAR, Inc. (Amex: VSR) announced today that two teams headed by Lockheed Martin Corp and ELS, Inc. were among the multiple contractors selected to compete for naval ship and weapon systems support services to be awarded by the Naval Sea Systems Command. Versar will support each team with vulnerability assessments, chemical and biological laboratory, and environmental services. The Navy estimates the value to all contractors of this 15 year program will be worth up to $19.5 billion for the design, building and maintenance of the Navy's ships and combat systems.
Dr. Ted Prociv, President and CEO of Versar said, "This is an opportunity to provide Versar's unique defense services to the Navy's ship and weapons program for the next 15 years. We will work closely with Lockheed Martin and ELS (a small business) to utilize our technology and research and development capabilities to maximize our teams' support of the Navy's fleet."
Versar, Inc., headquartered in Springfield, VA, is a publicly held professional services firm supporting government and industry in national defense/homeland defense programs, environmental health and safety and infrastructure revitalization. Versar operates a number of web sites, including the corporate Web sites, versar.com, homelanddefense.com, and geomet.com; and a B2B portal for homeland defense products and services, nbcprotect.com and dtaps.com.
This press 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 year ended June 30, 2003.
Contact: James Dobbs (703) 642-6712
Senior Vice President
Email: jdobbs@versar.com
Investor Relations Contact: Andrew J. Kaplan (732) 747-0702
Barry Kaplan Associates
623 River Road
Fair Haven, NJ 07704
Email: smallkap@aol.com
SOURCE VERSAR, Inc.
James Dobbs of VERSAR, INC., 703-642-6712,
jdobbs@versar.com; or Andrew J. Kaplan of Barry Kaplan Associates,
732-747-0702, smallkap@aol.com, for VERSAR, INC.
versar.com
Copyright (C) 2004 PR Newswire. All rights reserved. |
