VSE Wins $99 Million Coast Guard Contract

On Tuesday, government contractor VSE (NASDAQ: VSEC  ) announced it has won an indefinite delivery/indefinite quantity contract to provide "program and technical support services for Security Assistance Projects administered by the U.S. Coast Guard Foreign Military Sales (FMS) Program."

The program in question is one through which the Coast Guard disposes of cutters and boats that are past their prime. It does so by selling or otherwise transferring them to the navies and coast guards of foreign states.

VSE's role will be to support the Coast Guard's disposal efforts, providing "financial analysis, engineering, industrial, technical, logistics, and transportation, warehouse and supply, and training services" to prepare the boats for transfer and prepare foreign crews to operate them. 

The contract awarded has a one-year base term, plus four one-year options for renewal. If all options are exercised, it could be worth in excess of $99 million over five years.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2238050, ~/Articles/ArticleHandler.aspx, 8/29/2014 4:38:28 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement