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Stock Market & Financial Investment News

News Breaks
December 20, 2012
16:20 EDTVSECVSE Corp. sees restructuring impacting FY12 EPS by 90c
In connection with the determination to divest ICRC and eliminate VSE’s Infrastructure Group, VSE expects to incur pre-tax charges of approximately $7.8M of which approximately $5.8M is attributable to goodwill and intangible write-offs. The impact to fiscal 2012 net income is expected to be approximately $4.8 M, and the impact to fiscal 2012 diluted EPS is expected to be approximately 90c in Q412. The estimated pre-tax charges, net income, and diluted EPS do not include any proceeds from a potential sale.
News For VSEC From The Last 14 Days
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May 27, 2015
16:33 EDTVSECAkimeka awarded JMAR task order with $14.9M total potential contract value
VSE reported that its subsidiary Akimeka has been awarded a task order under the CIO-SP3 government-wide acquisition contract for core development and sustainment for the Joint Medical Asset Repository system. Akimeka is the prime contractor on this firm fixed price task order which has an 11-month base period of performance, plus three one-year option periods, and a total contract value of approximately $14.9M, if all options are exercised. Under this task order, Akimeka will continue to provide software development and sustainment services for the JMAR application.
May 18, 2015
16:34 EDTVSECVSE Corp. joint venture awarded $263M Logistics Support Services task order
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