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Versar, Inc. Awarded $98.3 Million Design/bid/build Task Order For Runway Repair Services At Dover Air Force Base

Companies mentioned in this article: Versar, Inc.

SPRINGFIELD, Va., Aug. 13, 2014 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that it has been awarded a $98.3 million firm fixed price Design/Bid/Build task order for the repair of a runway at Dover Air Force Base in Delaware. This task order was awarded under Versar's S/R&M Acquisition Task Order Contract (SATOC) IDIQ with the Air Force Civil Engineer Center (AFCEC), held with our joint venture partner, Johnson Controls Federal Systems. The SATOC IDIQ primarily services AFCEC customers, providing a fast track, efficient method for execution of all types of facility repairs, renovations and construction. Versar will be the general contractor managing all work with our key subcontractors: American Infrastructure, Inc., Atlantic Electric LLC and Anthony Allega Cement Contractor, Inc.

Tony Otten, CEO of Versar said, "We have formed a strong team with our joint venture partner Johnson Controls Federal Systems and welcome this additional opportunity to work with AFCEC. We're confident that our team's capabilities are well matched to the requirements of the contract."

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.

VERSAR operates the corporate web sites, www.versar.com, and www.versarpps.com, and www.jmwaller.com.

This news 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 fiscal year ended June 28, 2013, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

    Contact: David Gray                      John Nesbett or Jennifer Belodeau

             Director of Financial Reporting Institutional Marketing Services (IMS)

             Versar, Inc.                    (203) 972-9200

             (703) 642-6888                  jnesbett@institutionalms.com

             dgray@versar.com

SOURCE Versar, Inc.