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Stock Market & Financial Investment News

News Breaks
July 23, 2014
16:43 EDTVSECVSE Corp. awarded $2.9M postal service shelving contract
VSE Corporation subsidiary, Wheeler Bros., was awarded a delivery order to supply 10K engineered shelving kits to the U.S. Postal Service for use in the Long Life Delivery Vehicles. This delivery order has a value of $2.9M, with an option to purchase up to 40K additional kits following the initial delivery.
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September 18, 2014
17:51 EDTVSECVSE Corp. to consolidate two operating groups
VSE Corporation announced plans to consolidate its International Group and Federal Group, and report their combined results as a single operating group beginning in 2015. The consolidation of the two operating groups into one will be managed by the company's CEO, and brings much of the company's U.S. Department of Defense work under a single umbrella. In connection with this action, the company has eliminated several officer positions, including International Group President and Federal Group President, effective September 30. These actions follow a strategic review of the company’s operating model and are part of a continuing cost balancing initiative.

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