On Tuesday, government contractor VSE announced it has won an indefinite delivery/indefinite quantity contract to provide "program and technical support services for Security Assistance Projects administered by the U.S. Coast Guard Foreign Military Sales (FMS) Program."

The program in question is one through which the Coast Guard disposes of cutters and boats that are past their prime. It does so by selling or otherwise transferring them to the navies and coast guards of foreign states.

VSE's role will be to support the Coast Guard's disposal efforts, providing "financial analysis, engineering, industrial, technical, logistics, and transportation, warehouse and supply, and training services" to prepare the boats for transfer and prepare foreign crews to operate them. 


The contract awarded has a one-year base term, plus four one-year options for renewal. If all options are exercised, it could be worth in excess of $99 million over five years.

The article VSE Wins $99 Million Coast Guard Contract originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

What is Short Selling?

Make a profit when stocks prices fall.

View Course »

Portfolio Basics

What are stocks? Learn how to start investing.

View Course »

Add a Comment

*0 / 3000 Character Maximum