Versar, Inc. (NYSE MKT: VSR) has been awarded a USD47.8 million contract extension for its ongoing efforts to support the Federal Aviation Administration´s (FAA) Security System Design and Integration (SSDI) Program, the company said.
The contract extension is for one two-year base period and two six-month option periods. This contract modification was awarded under the FAA´s contract with Johnson Controls Security Systems, which Versar purchased from Johnson Controls, Inc. in late 2015 and is now known as Versar Security Systems (VSS). Under this modification, VSS will continue to provide physical security design and implementation services and support the migration of physical security systems onto the FAA´s IT Enterprise.
Versar, 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, and professional services market areas.