Awarded $2.9 Million Additional Work in Iraq
Awarded $2.9 Million Additional Work in Iraq
Business Wire - [07/02/2007]
VERSAR, Inc. (Amex:VSR) announced today that the Company has been awarded a Task Order Notification extending its Quality Assurance and Construction Management operations in Iraq in support of the Air Force Center of Environmental Excellence's reconstruction mission. The Task Order Modification was for $2.9 million and will fund operations through March 15, 2007. The total Versar-Air Force Iraq Program has now grown to $25.4 million since it began in October 2004. Versar now has over 240 personnel providing quality assurance for the Iraq Reconstruction and expects that number to continue to grow over the next three months.
Dr. Ted Prociv, President and CEO of Versar, said, “We continue to grow market share in the quality assurance and construction management markets in Iraq. The US Air Force has incorporated Versar as part of their reconstruction team in the Middle East, and together we are able to insure that the projects are of high quality and reflect positively on the US efforts to rebuild the region. Strategically, the above award also adds to our expanding international capability, an important aspect of our ongoing business transformation.“
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