News: USA - VSE opens new centre of excellence
VSE Corporation recently held a ribbon cutting ceremony for a new $6.2 million state-of-the-art military vehicle and equipment refurbishment center in Ladysmith, Virginia, USA.
Wednesday, 11th June 2008
The new Center of Excellence facility provides complete lifecycle engineering, logistics, maintenance, remanufacturing and refurbishment services to extend and enhance the life of existing military equipment. The 180-person VSE team specializes in full-service wash/dry, rust/paint sand-blasting removal, pre-treatment, painting, and corrosion and chemical agent resistant sealant application. The finished product is also protected from visual and near infrared means of detection, as well as inhibiting absorption of chemical agents into the paint film, while at the same time allowing the decontamination process to be simplified. Established in 1959, VSE is a diversified professional services company providing engineering and consulting services, systems integration, infrastructure support, and information technology management and solutions, principally to agencies of the United States Government and other government prime contractors at locations across the United States and around the world. For the year December 31, 2007, VSE reported consolidated revenues of $653.2 million and earnings of $14.1 million ($2.82 per share diluted).