VSE Wins $11.8 Million U.S. Marines Contract

Government contractor VSE  (NASDAQ: VSEC  )  announced today that it won two firm fixed-price indefinite delivery/indefinite quantity contracts worth a combined $11.8 million to refurbish 170 40-ton payload, three-axle medium heavy equipment transporters semitrailers and 230 5,000-gallon fuel-dispensing semitrailers for the U.S. Marine Corps. 

VSE will restore the semitrailers to a serviceable and issuable condition in appearance, performance, and life expectancy, work that will be performed in multiple locations across the country.

"We are proud to support the USMC in the rebuild of these semitrailers," VSE Federal Group President Donnelle Moten said. "We will apply the expertise, experience, level of detailed knowledge, and resources needed to restore these semitrailers to the best possible condition. VSE's goal for this effort is to ensure that our nation's first line of defense is battle-ready and fully equipped."

Both contracts have a period of performance that includes a one-year base and four one-year options

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

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.

Compare Brokers

Fool Disclosure

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: 2692705, ~/Articles/ArticleHandler.aspx, 5/5/2016 12:50:25 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...

Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


Today's Market

updated Moments ago Sponsored by:
DOW 17,693.11 41.85 0.24%
S&P 500 2,054.18 3.06 0.15%
NASD 4,733.76 8.12 0.17%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/5/2016 11:35 AM
VSEC $66.61 Down -0.12 -0.18%
VSE Corp CAPS Rating: ****