VSE Corporation

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VSE Corporation
Type Public
Traded as NASDAQVSEC
Industry Technical Services
Founded 1959, Virginia
Headquarters Alexandria, Virginia, USA
Area served Worldwide
Key people Maurice A. Gauthier
(President) & (CEO) & (COO) [1]
[1]
Services Energy/Environment
Engineering
Foreign Military Sales
Information Technology
Logistics
Management Sciences
Program Support
Supply Chain Management
Sustainment
Revenue Increase US$ $1 Billion+ (2008 and 2009) 653.164 million (2007)[2]
Net income Increase US$ 19.1 million 2009 14.102 million (2008)[2]
Total assets Increase US$ 171.771 million (2007)
Total equity Increase US$ 56.376 million (2007)
Employees 2,900 (2011)
Website vsecorp.com

VSE Corporation is a diversified technical services company formed in 1959. VSE employs over 2,700 people.[3] Its 2008 and 2009 annual revenues surpassed $1 billion; 2007 revenues were reported at $653 million. In 2010 VSE Corporation was named the #1 Growth Company (over $500 million) by the Association for Capital Growth in the DC area; Ranked #1 Federal Contractor (small) by Government Executive magazine; #1 Climbing Company by Washington Post 2009; 6th Hottest Company in America by Business Week in 2008; ranked #4 on the 2007 Forbes 200 Best Small Companies in America list of U.S. companies.[4]

Business units (sectors)[edit]

In December 2012, VSE announced that it would be divesting its construction management and aerospace services subsidiary, Integrated Concepts and Research Corporation (ICRC), and merging its two information technology services subsidiaries, G&B Solutions and Akimeka, LLC.[5]

As of May 2013, VSE operations are structured in to two groups and 3 wholly owned subsidiaries/LLCs.[6]

  • Federal Group
  • International Group
  • Energetics Incorporated (Energy)
  • G&B/Akimeka (Information Technologies)
  • Wheeler Bros., Inc. (Supply Chain Management)

Company Services[edit]

VSE is a U.S. government contractor that provides engineering, logistics support, supply chain management, sustainment, foreign military sales, management sciences, information technology, energy and environment support, and facilities management.

History[edit]

VSE was established in 1959 with three employees under the name "Value Services Engineering Company". In 1979, the company changed its name to VSE Corporation, ending the decade with revenues exceeding $38 million. In 1995, VSE won its first $1 billion contract, a 10-year foreign military sales contract to support U.S. Navy ship reactivation and transfer programs. In 2009 and 2010, VSE surpassed the $1 billion mark in revenues. They were named the 6th Hottest Company for 2008 by Business Week; The #1 Climbing business by the Washington Post for 2009; the #1 government contractor (small) for 2010, 2009 and 2008 by Government Executive Magazine; and the #1 Growth Company (more than $500 million) in the DC metro area by the Association for Corporate Growth in 2010; Forbes #2 Company for Job Offers (2011).[citation needed]

VSE Annual Report 2009VSEAnnual report 2008

References[edit]

External links[edit]