Monday, March 11, 2013

Versar, Inc. (VSR) Receives $2.5 Million Extension to Continue Construction Management and Quality Assurance Work in Afghanistan


Versar announced it has received a $2.5 million subcontract extension from HDR, Inc. – a worldwide architecture, engineering, consulting, and construction firm – to continue construction management and quality assurance operations in Afghanistan. Bringing Versar’s HDR subcontract total to just under $31 million, the extension will allow the company to continue providing engineering support, construction management, and quality assurance in Afghanistan – which it has been doing since 2006 in that country – through May 2013.

This important subcontract with HDR – one of Versar’s various ongoing contracts in that region – will enable Versar to continue supporting the Department of Defense through its construction management and quality assurance capabilities toward Afghanistan reconstruction efforts.

The team of HDR and Versar will continue providing high-quality services and capacity development, and the subcontract extension between the two entities is evidence of the government’s confidence in the services they provide.

Headquartered in Springfield, Va., Versar is a publicly traded worldwide project management company. Versar provides sustainable, value-oriented solutions to government and commercial clients in the market areas of construction management, environmental services, munitions response, and professional services. The company operates a number of Web sites, among them the corporate Web sites www.versar.com, www.geomet.com, www.viap.com, www.dtaps.com, www.adventnv.com, www.charronconsulting.com, and www.ppsgb.com.

For more information about Versar, visit www.versar.com

About MissionIR

MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.

Sign up for “The Mission Report” at www.MissionIR.com

Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html