Global Solutions for People, Programs & Process
Versar provides exceptional value to any project because of our active process management, effective communication, and advanced quality control methods. Customer satisfaction is our top priority. We understand that every client has unique needs and we tailor our services accordingly. All client deliverables are custom designed to service the specific requirements of each task. We ensure on time and on-budget delivery.
Having a Global footprint is a huge advantage to Versar customers no matter where they work. From the harshest environments to the most dangerous regions, Versar maintains a robust database of experts across all services that is constantly updated and expanded. Versar human resource and database management are vital elements of your success.
November 2, 2016
Springfield, VA ? November 2, 2016 ? Versar, Inc. (NYSE MKT: VSR) today announced that its long-term joint venture with Johnson Controls Federal Systems was awarded a $15.5 million design-build construction contract to repair and renovate building B1108 at Hanscom Air Force Base (AFB), located outside of Boston, MA. Building 1108 is a three-story structure enclosing 76,658 square feet and was constructed in 1952 as part of a complex of buildings within the base that is now known as the Air Force Cambridge Research Laboratory Historic District. Once the renovations are completed, B1108 will house the Defense Contract Management Agency (DCMA). The contract scope includes design, permitting, renovation, construction and commissioning for an administrative building to include office space, classrooms, and conference rooms. Versar?s Engineering Construction Management (ECM) group will perform the work.
November 1, 2016
Springfield, VA ? November 1, 2016 ? Versar, Inc. (NYSE MKT: VSR) today announced that it has entered into a fifth forbearance agreement with Bank of America with a term extended through November 30, 2016. As noted in the Company?s September 30 Press Release and Current Report on Form 8-K filed with the Securities and Exchange Commission, Versar has continued to operate within the obligations established by the prior forbearance agreements and continues discussions with various lenders to establish a replacement credit facility to provide adequate liquidity for the Company.