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Technology Stocks : VSE Corp (VSEC)--turnaround is about complete
VSEC 177.57-1.1%3:35 PM EDT

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From: Paul Lee9/27/2004 7:55:10 AM
   of 97
 
new contract 1 bil over 5 yrs

Friday, September 24, 2004 - 5:00 PM
Contracts, Friday, September 24, 2004

CONTRACTS

NAVY

VSE Corp., Alexandria, Va.; Titan Corp., Chesapeake, Va.; Tecnico
Corp., Chesapeak, Va.; QED Systems, Inc., Virginia Beach, Va.; MILCOM Systems
Corp., Virginia Beach, Va.; Anteon Corp., Chesapeake, Va.; and AMSEC Corp.,
Virginia Beach, Va.; are each being awarded a cost-plus-fixed-fee,
indefinite-delivery/indefinite-quantity multiple award contract for engineering and
technical services to support Naval Sea Systems Command maintenance, overhaul,
repair, and alteration of ships systems aboard ships both CONUS and OCONUS. The
contract awards encompass a base year and four option years. For VSE Corp., the
base year amount is $195,882,595 and the total estimated value of the contract if
all options are exercised is $1,022,834,437. For Titan Corp., the base year amount
is $199,439,939 and the total estimated value of the contract if all options are
exercised is $1,050,856,238.
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