versar
Welcome to Versar

Versar is a Global Project Management Company providing Sustainable Solutions to Government and Commercial Clients in Construction Management, Environmental Services, Munitions Response and Energy.

Versar provides tailored and secure solutions in harsh environments and offers specialized abilities in Rapid Response, Classified Projects, and Hazardous Material Management. Our unwavering commitment to Quality, Safety and Best Value ensures the highest returns for our Clients, Shareholders and Employees.

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Recent News

  • Springfield, VA - May 16, 2013 - Versar, Inc. (NYSE MKT: VSR) announced today that its joint venture with Parsons was awarded a new prime contract from the U.S. Army Corps of Engineers (USACE), Middle East District (MED) to provide Construction Phase Support Services (CPSS) throughout 18 countries within the Central Command Area of Responsibility. The Indefinite Delivery Indefinite Quantity (IDIQ) contract is a single award with a maximum five-year period of performance consisting of a base year and four option years. The maximum contract capacity is $90 million. According to the terms of the contract, the joint venture will provide construction support services in the CENTCOM Area of Responsibility to include locations such as Afghanistan, Kazakhstan, Pakistan, Saudi Arabia, Iraq, Qatar, and 12 additional countries.

    Tony Otten, CEO of Versar said, "This award is a validation of the team we have formed with our joint venture partner Parsons. We welcome this additional opportunity to work with USACE and are confident that our team's capabilities are well matched to the requirements of the contract and to the demands of the geographic locations in which we will be working."

    VERSAR, INC., headquartered in Springfield, VA, is a publicly traded global project…

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  • Springfield, VA – May 15, 2013 – Versar, Inc. (NYSE MKT: VSR) announced today Tony Otten, Chief Executive Officer, will be presenting at the B.Riley & Co. 14th Annual Investor Conference on Wednesday, May 22, 2013 at the Loews Santa Monica Beach Hotel in Santa Monica, California. The presentation will take place at 1:30 p.m. Pacific Time in the Palisades D Room.

    Mr. Otten will provide an overview of Versar’s operations and financial results. A live webcast of the presentation will be available at:


    http://www.brileyconference.com
    or by visiting the investor relations page of the Versar website, www.versar.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, munitions response, and professional services market areas.

    VERSAR operates a number of web sites, including the corporate web sites, www.versar.com,…

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  • Springfield, VA - May 13, 2013 - Versar, Inc. (NYSE MKT: VSR) today announced financial and operating results for the fiscal year third quarter and nine months ended March 29, 2013.

    Gross revenue for the third quarter of fiscal year 2013 was $31.6 million, a 22.7% increase compared to revenue of $25.7 million reported in the third quarter of fiscal year 2012. The revenue growth was driven by a $5.4 million increase in revenue from the Company's performance based remediation (PBR) work for the U.S. Air Force and an additional $1 million in revenue attributable to the operations of Charron Construction Consulting, Inc. ("Charron"), acquired in May 2012.

    Net income for the third quarter of fiscal year 2013 was $1.0 million or $0.11 per basic and diluted share, an increase of 8.2% compared to net income in the third quarter of fiscal 2012. Gross profit margin declined to 10.2% of sales for the quarter primarily due to a shift in revenue mix with the completion of two particularly high margin programs. Versar reduced SG&A expenses to 5.9% of sales from 8.2% of sales in the third quarter of the prior year.

    For the first nine months of fiscal year 2013,…

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  • Springfield, VA - May 6, 2013 - Versar, Inc. (NYSE MKT: VSR) will hold a conference call at 2:00 PM Eastern Time on Monday, May 13 to discuss the Company's operational performance and financial results for the third quarter of its fiscal year 2013, ended March 29, 2013. Versar will release its 3Q FY 2013 Form 10-Q and 3Q financial results press release before the market opens on May 13, 2013.

    The dial in number for the US and Canada is toll free, 877-407-8033. The international dial in number is 201-689-8033. Participants should call in a few minutes before 2:00 PM Eastern Time. For those unable to attend the conference call, replays will be available on Versar's website, www.versar.com

    VERSAR, INC., headquartered in Springfield, VA, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients primarily in Engineering and Construction Management, Environmental Services, and Professional Services. We provide tailored and secure solutions in harsh environments and offer specialized abilities in classified projects and hazardous material management.

    VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.geomet.com, www.viap.com, www.dtaps.com, www.adventenv.com, www.charronconsulting.com, and www.ppsgb.com.

    This news release contains forward-looking…

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  • Springfield, VA - April 16, 2013 - Versar, Inc. (NYSE MKT: VSR) announced that the United States Army Corps of Engineers, Los Angeles District has issued Versar a fourth task order to provide funding for option year three of the ongoing Range Maintenance Contract at Fort Irwin/ National Training Center, CA.

    This new task order adds $4.3 million to the overall contract, which was awarded to Versar on March 23, 2010 and brings the total funded value to $18.6 million. The base year period of performance ran through March 22, 2011 with the potential for four additional option years and a total contract capacity of $29.5M.

    The National Training Center (NTC), located in the Mojave Desert midway between Las Vegas and Los Angeles, is the only instrumented training ground in the world capable of handling brigade-size units. As large as the state of Rhode Island, NTC conducts live "force on force" training exercises that could involve 4,000 - 5,000 soldiers per month. A large number of munitions and explosives are expended each month across the range. Under this contract, Versar is responsible for locating, identifying, marking and disposing of a wide-variety of munitions and explosives so that NTC range operations…

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