Date: November 8, 2001
Source: News Room
Versar, Inc. (Amex: VSR) of Springfield, Va. has been selected by the Air Force Center for Environmental Excellence to support the $5 billion Strategic Offensive Arms Elimination Program, which includes the destruction of Soviet solid fuel missiles as part of the Strategic Arms Reduction Treaty. Versar will be the technical integration contractor for a team of U.S. and Russian companies, responsible for supporting the completion of the design packages, development of the construction bidding documents, and overseeing the construction of missile deposition/destruction facility in Votkinsk, Russia. The initial value of this selection has been estimated in the $3 to 5 million range.
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