Versar, Inc. Announced New Multi-Year Operations and Maintenance Contract Award by the U.S. Army Corps of Engineers for Work in Afghanistan

SPRINGFIELD, VA  / March 23, 2017 / Versar, Inc. (NYSE MKT: VSR) today announced that the United States Army Corps of Engineers, Transatlantic Afghanistan District (USACE-TAA), has awarded a new contract to Versar for up to four years valued at over $2.3 million. Versar will provide Operations, Maintenance, and Support Services at USACE-TAA facilities throughout Afghanistan.
 
Tony Otten, Chief Executive Officer of Versar, said, "Our skilled workforce of Service Managers, Electricians, Plumbers, and Custodians are deployed across Afghanistan and began supporting this contract on March 1, 2017. This is a solid addition to Versar's portfolio of engineering and project management services currently provided in Afghanistan."
Published: 23 March 2017
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Versar, Inc. Joint Venture Awarded up to $950m IDIQ with U.S. Air Force

SPRINGFIELD, VA /  March 21, 2017 / Versar, Inc. (NYSE MKT: VSR) today announced that its long-term joint venture (JV) with Johnson Controls Federal Systems (JCFS) was awarded the Worldwide Engineering & Construction (WE&C) Indefinite Delivery Indefinite Quantity (IDIQ) contract by the Air Force Installation Contracting Agency (AFICA) in support of the Air Force Civil Engineering Center (AFCEC). The WE&C contract ceiling is $950 million over a five year base period and three additional one-year option periods. Individual task orders will be competed among the eleven selected firms.
 
The WE&C contract includes the full range of construction, engineering and design-build for new facilities, and repair, renovation, and/or restoration for existing facilities and infrastructure. Task order locations will primarily be outside the 48 contiguous United States (OCONUS) and will include sites in remote, austere, and high risk/contingency areas. 
Published: 21 March 2017
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Willdan Group Reports Fourth Quarter and Fiscal Year 2016 Financial Results

Willdan Group, Inc. (“Willdan”) (NASDAQ: WLDN), a provider of professional technical and consulting services, today reported financial results for its fourth quarter and fiscal year ended December 30, 2016, and provided a business update.
 
Fiscal Year 2016 Highlights
Total contract revenue of $208.9 million, an increase of 55% over prior year
Net income of $8.3 million, an increase of 95% over prior year
Diluted earnings per share of $0.97, up 87% over prior year
EBITDA of $15.2 million, an increase of 49% over prior year
Cash flow from operations of $21.6 million
Fourth Quarter 2016 Highlights
Published: 10 March 2017
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RR Media to Merge With SES Platform Services

New Company to Be Formed, Creating a World-Leading Provider of Innovative Global Media Services and Solutions All-Cash Transaction Values RR Media at $242 Million; $13.291 per Share

AIRPORT CITY BUSINESS PARK, ISRAEL--( Feb 26, 2016) - RR Media (NASDAQ: RRM), a leading provider of global digital media services to the broadcast and media industries, announced today that it has agreed to be acquired by SES (EURONEXT PARIS: SESG) (LUXEM: SESG) and will merge its activities with SES Platform Services ("SES PS") to form a new world-leading provider of media solutions.

SES will acquire a 100% ownership of RR Media, paying $13.291 per share, or a 52% premium to the closing price of the Company's shares on February 25, 2016. This corresponds to an Enterprise Value of $242 million. The acquisition of RR Media by SES S.A. has been approved by the Boards of Directors of both companies, and is subject, among others, to regulatory approvals and the approval by the general meeting of shareholders of RR Media, which are expected to be completed in the second or third quarter of 2016.

Published: 26 February 2016
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Versar, Inc. Announces Record Revenues For Fourth Quarter Fiscal 2015

SPRINGFIELD, Va., Sept. 15, 2015  Versar, Inc. (NYSE MKT: VSR) today announced financial results for the fiscal fourth quarter and year ended June 26, 2015. 

Financial Results

Gross revenue for the fourth quarter of fiscal year 2015 increased 126% to $56.3 million, compared to revenues of $24.9 million during the fourth quarter of the last fiscal year.  Sequentially, revenues increased 41% as compared to the third quarter of fiscal 2015.  Gross margins improved to 8%, compared to 4% in the same prior year quarter.  Net income for the quarter was $954,000 or $0.09 per share compared to a net loss of $965,000 or a loss of $0.10 per share in the same period of fiscal 2014.  In the fourth quarter of 2014, net loss included $(0.01) from discontinued operations and ($0.09) from continued operations.   

Published: 15 September 2015
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