HIGHLANDS RANCH, CO AND SPRINGFIELD, VA / ACCESSWIRE / October 24, 2016 / Arcadis North America and Versar, Inc. (NYSE MKT: VSR) announced today the Versar-Arcadis Joint Venture has been awarded a new multi-year contract by the U.S. Army Engineering and Support Center - Huntsville to provide environmental and munitions remediation services throughout the United States for eight U.S Army Corps of Engineers (USACE) districts including Albuquerque, Los Angeles, Sacramento, Tulsa, Fort Worth, Seattle, Kansas City and Omaha.
The Versar-Arcadis Joint Venture is one of seven firms selected for award of the indefinite delivery/indefinite quality contracts to provide environmental remediation and munitions response support for various military installations, federal and civil agencies and their partners, including the U.S. Department of Defense and Environmental Protection Agency. The USACE contracts have a total combined capacity of up to $400 million over an approximate 5-year period shared among the seven selected firms. Actual work assignments will be negotiated under task orders with specific scopes of work and will be assigned in the continental United States.
"The Versar-Arcadis team is excited for the opportunity to bring our expertise and lessons learned from our Worldwide Environmental Remediation Services Contract with U.S. Army Engineering and Support Center - Huntsville to these USACE projects," said John J. Nocera, Arcadis senior vice president. "Our expertise in military munitions and smart characterization has resulted in superior technical approaches, and we look forward to accomplishing similar technology gains in the munitions and environmental arena with eight districts of USACE."
"We're pleased the Versar-Arcadis team is able to build on its past success," said Versar Chief Executive Officer Tony Otten. "Our Joint Venture can self-perform 100 percent of the anticipated remediation and compliance project requirements, enhancing our responsiveness and realizing cost efficiencies for our client. Our proven track record in large performance-based remediation projects and Military Munitions Response Program sites, combined with our longstanding relationship with the USACE, brings significant value to USACE and its customers."
ARCADIS (EURONEXT: ARCAD) is the leading global design & consultancy firm for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services, we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. We are 27,000 people active in over 70 countries that generate more than $3.8 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. www.arcadis.com.
VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, and professional services market areas.
VERSAR operates the following websites: www.versar.com and www.versarpps.com.
Find out more about VERSAR at
https://twitter.com/VersarInc
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http://www.linkedin.com/company/38251
This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 26, 2015, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.
Contacts:
Arcadis: Marc Lumpkin, Director of Public Relations, (303) 471-3485, [email protected]
Versar: Karin Weber, M&A and Investor Relations, (703) 642-6706, [email protected]
Versar: Robert Ferri, Robert Ferri Partners, (415) 575-1589, [email protected]
SOURCE: Versar, Inc.