VSE Wins $99 Million Coast Guard Contract

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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.

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Rich Smith

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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