VSE Awarded Subcontract to Provide Driver's Vision Enhancer Vehicle Integration Kits, Engineering and Installation Support for Military Vehicles.Award represents potential VSE See DOS/VSE. VSE - Virtual Storage Extended revenues of up to approximately $190 Million over five years ALEXANDRIA, Va. -- VSE Corporation (Nasdaq GS:VSEC) announced today that the Systems Engineering Division of its Federal Group was awarded a subcontract to provide Vehicle Integration Kits (VIKs), spare VIK VIK Verband der Industriellen Energie- und Kraftwirtschaft. eV VIK Value in Kind VIK Vehicle Integration Kit VIK VSCS Interface Keypad VIK Voltage Improvement Kit VIK Video Interface Kit components, and engineering and installation support on a wide range of tactical wheeled vehicles and combat vehicles for the U.S. Army and U.S. Marine Corps through a multiple award indefinite delivery/indefinite quantity contract under the Driver's Vision Enhancer-Family of Systems (DVE-FOS) program. The subcontract, awarded by BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. , has an anticipated ceiling value to VSE of approximately $190 million over a five-year period. The DVE-FOS system provides drivers of tactical and combat vehicles greater situational awareness Situation awareness or situational awareness [1] (SA) is the mental representation and understanding of objects, events, people, system states, interactions, environmental conditions, and other situation-specific factors affecting human performance in and easier maneuvering capability during conditions of darkness, inclement in·clem·ent adj. 1. Stormy: inclement weather. 2. Showing no clemency; unmerciful. in·clem weather, and adverse battlefield conditions such as dust and smoke. VSE will be the sole provider of the VIKs and spare VIK components under the DVE-FOS contract and will provide all required installation, engineering and logistics support related to the VIKs under the direction of the Forward Looking Infrared
A forward looking infrared (FLIR) is the North American English term for a camera that takes pictures using the infrared portion of the electromagnetic spectrum. Radar Division at Ft. Belvoir, Virginia. "VSE is proud to support this vital Department of Defense program that allows soldiers to effectively navigate tactical wheeled and combat vehicles on the battlefield under conditions of severely obstructed visibility," said VSE CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Maurice "Mo" Gauthier. "The DVE-FOS program is just one of many examples of our long-standing commitment to enhancing the Warfighter's tactical capabilities." About VSE's Federal Group Federal Group provides engineering, advanced technology, prototyping, technical, management and integrated logistics support A composite of all the support considerations necessary to assure the effective and economical support of a system for its life cycle. It is an integral part of all other aspects of system acquisition and operation. Also called ILS. services to U.S. military branches and other government agencies. Federal Group also specializes in providing full life-cycle engineering, logistics, maintenance, and refurbishment services to extend and enhance the life of existing equipment. Support also includes providing worldwide field maintenance and logistics support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for a wide variety of military vehicles and equipment in austere environments. For more information about Federal Group's services please see the VSE Corporation website at www.vsecorp.com or contact Keith Prewitt at (703) 329-3251. About VSE VSE marked its 50th year as a government contractor in 2009. VSE is a diversified Federal Services company of choice for solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for consulting and program management, logistics, equipment and vehicle/vessel refurbishment, engineering, information technology, energy consulting, and construction program management. For additional information on VSE services and products, please see the company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission. |
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