VSE Corporation

VSE Aviation Awarded $750 Million in New Distribution Agreements

Retrieved on: 
Monday, November 13, 2023
Other Transport, Trucking, Maritime, Air, Engineering, Transport, Automotive Manufacturing, Aerospace, Manufacturing, Logistics, Supply Chain Management, Foot, Aviation, Pratt & Whitney, MRO, Acquisition, Investment, Honeywell, EMEAI, Pratt & Whitney Canada, VSE, Honeywell JetWave, VSEC, OEM, Partnership, Atmosphere, Aircraft, VSE Corporation, Original equipment manufacturer, Center of excellence, Airline

VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for air and land transportation assets for commercial and government markets, announced today that its VSE Aviation segment has been awarded 6 new distribution agreements with several manufacturers for a combined value of approximately $750 million over the term of these agreements.

Key Points: 
  • VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for air and land transportation assets for commercial and government markets, announced today that its VSE Aviation segment has been awarded 6 new distribution agreements with several manufacturers for a combined value of approximately $750 million over the term of these agreements.
  • VSE Aviation also announced today plans to open a 45,000 square foot distribution facility in Hamburg, Germany.
  • This investment positions VSE Aviation to expand the global coverage and support for its commercial and business and general aviation distribution aftermarket product lines, including the tire, tube, and battery product lines associated with the Desser Aerospace acquisition.
  • This agreement represents an expansion of the previously awarded distribution agreement covering fuselage-mounted antenna systems, which was awarded to VSE Aviation in October 2022.

VSE Corporation Announces Third Quarter 2023 Results Conference Call Date

Retrieved on: 
Thursday, October 12, 2023
Trucking, Rail, Maritime, Air, Transport, Logistics, Supply Chain Management, MRO, Maintenance, VSE Corporation, VSEC, Atmosphere

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets supporting commercial and government markets, announced today that it will issue third quarter 2023 results after the market close on Wednesday, November 1, 2023.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets supporting commercial and government markets, announced today that it will issue third quarter 2023 results after the market close on Wednesday, November 1, 2023.
  • A conference call will be held on Thursday, November 2, 2023, at 8:30 A.M ET to review the Company’s financial results, discuss events and conduct a question-and-answer session.
  • A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com .
  • To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.

VSE Announces License Agreement with Honeywell and Increases 2023 Aviation Segment Guidance

Retrieved on: 
Wednesday, October 4, 2023
Other Transport, Other Manufacturing, Trucking, Air, Transport, Aerospace, Manufacturing, Machinery, Logistics, Supply Chain Management, Maintenance, Pratt & Whitney, Honeywell, Partnership, Atmosphere, Aviation, Fleet, VSE Corporation, History, Rolls-Royce, PT-6, EBITDA, Engineering, VSE, Growth, WC, VSEC, OEM, Adjustment, MRO, Airline

Under the terms of the agreement, VSE Aviation acquired certain contracts, equipment, and inventory from Honeywell and will utilize the acquired assets and the license to exclusively manufacture, manage aftermarket distribution, and repair more than 340 unique Honeywell fuel control systems.

Key Points: 
  • Under the terms of the agreement, VSE Aviation acquired certain contracts, equipment, and inventory from Honeywell and will utilize the acquired assets and the license to exclusively manufacture, manage aftermarket distribution, and repair more than 340 unique Honeywell fuel control systems.
  • VSE Aviation will support three in-production engine platforms manufactured by Rolls Royce and Pratt & Whitney Canada (P&WC), including P&WC PT-6 engine variants.
  • “VSE Aviation has a long history of supporting Honeywell fuel control systems and subcomponents as both a distributor and MRO service provider.
  • “We are incredibly excited to secure this licensing agreement with Honeywell because it enables VSE to help extend the life of several marquee engine platforms,” stated Ben Thomas, President of VSE Aviation.

VSE Corporation Announces Mutual Agreement to Terminate the Sale of the VSE Federal and Defense Segment to Bernhard Capital Partners

Retrieved on: 
Wednesday, September 27, 2023
Other Defense, Contracts, Automotive Manufacturing, Aerospace, Manufacturing, Government Technology, Defense, Trucking, Rail, Maritime, Fleet Management, Air, Transport, Automotive, Logistics, Supply Chain Management, Engineering, Maintenance, Atmosphere, Aviation, VSE Corporation, Federal, BCP, Sale, Federal Civil Defense Authority, VSE, VSEC, MRO, Airline

The parties mutually agreed to terminate the agreement.

Key Points: 
  • The parties mutually agreed to terminate the agreement.
  • No party will be required to pay any termination fee as a result of the mutual decision to terminate the agreement, and the parties will each bear their respective costs and expenses.
  • The VSE Federal and Defense segment will remain in discontinued operations as the assets are held for sale.
  • We look forward to sharing new business updates and our third quarter results in the coming weeks," Mr. Cuomo concluded.

VSE Corporation Announces 2023 Investor Day Event in New York City

Retrieved on: 
Tuesday, September 19, 2023
Automotive Manufacturing, Aerospace, Trucking, Government Technology, Fleet Management, Manufacturing, Rail, Defense, Air, Aftermarket, Transport, Automotive, Other Defense, Contracts, Logistics, Supply Chain Management, Other Manufacturing, Other Automotive, Engineering, Webcast, Maintenance, VSEC, VSE Corporation, Nasdaq MarketSite, Q&A, Atmosphere, MRO, VSE, Cryptocurrency

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets, announced today that it will host its 2023 investor conference at the Nasdaq MarketSite in New York City on Tuesday, November 14, 2023, at 9:00 am ET.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets, announced today that it will host its 2023 investor conference at the Nasdaq MarketSite in New York City on Tuesday, November 14, 2023, at 9:00 am ET.
  • The event will feature presentations and a Q&A session with the VSE leadership team.
  • After registering, participants will receive a confirmation email with the meeting details.
  • For more information about this event, please contact VSE’s Investor Relations at [email protected] .

VSE Corporation Announces September 2023 Investor Conference Schedule

Retrieved on: 
Tuesday, September 5, 2023
Trucking, Rail, Maritime, Air, Transport, Logistics, Supply Chain Management, Maintenance, VSEC, VSE Corporation, VSE, Conference, MRO, Atmosphere, Cryptocurrency

John Cuomo, President and CEO of VSE Corporation and Steve Griffin, Chief Financial Officer of VSE Corporation, are scheduled to participate in a fireside chat at 4:00 PM Eastern Time.

Key Points: 
  • John Cuomo, President and CEO of VSE Corporation and Steve Griffin, Chief Financial Officer of VSE Corporation, are scheduled to participate in a fireside chat at 4:00 PM Eastern Time.
  • John Cuomo, President and CEO of VSE Corporation and Steve Griffin, Chief Financial Officer of VSE Corporation, are scheduled to host a breakout session at 10:55 AM Pacific Time.
  • Steve Griffin, Chief Financial Officer of VSE Corporation, is scheduled to present at 3:00 PM Eastern Time.
  • For more information about these events or to schedule a one-on-one meeting with VSE’s senior management, please contact VSE’s Investor Relations at [email protected] .

VSE Corporation Announces August 2023 Investor Conference Schedule

Retrieved on: 
Wednesday, August 9, 2023
Professional Services, Contracts, Aftermarket, Automotive, Defense, Trucking, Engineering, Maritime, Air, Transport, Logistics, Supply Chain Management, Consulting, Manufacturing, Maintenance, VSEC, VSE Corporation, Conference, Atmosphere, MRO, VSE, Cryptocurrency

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets supporting commercial and government markets, announced today that VSE Corporation’s senior management will participate in the following upcoming conference.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets supporting commercial and government markets, announced today that VSE Corporation’s senior management will participate in the following upcoming conference.
  • Seaport Research Partners Annual Summer Investor Conference on August 22nd and 23rd.
  • John Cuomo, President and CEO, Steve Griffin, Chief Financial Officer, and Michael Perlman, VP of Investor Relations & Communications are scheduled to participate in one-on-one investor meetings throughout the event.
  • For more information about this event or to schedule a one-on-one meeting with VSE’s senior management, please contact VSE’s Investor Relations at [email protected] .

VSE Corporation Declares Quarterly Cash Dividend

Retrieved on: 
Wednesday, July 26, 2023
Machinery, Other Manufacturing, Other Transport, Trucking, Engineering, Maritime, Air, Automotive Manufacturing, Transport, Aerospace, Manufacturing, Logistics, Supply Chain Management, Maintenance, VSEC, VSE Corporation, Atmosphere, MRO, VSE, Holding company

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets supporting commercial and government markets, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.

Key Points: 
  • VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for air and land transportation assets supporting commercial and government markets, announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock.
  • The dividend is payable on November 15, 2023, to stockholders of record at the close of business on November 1, 2023.

VSE Corporation Prices Public Offering of Common Stock

Retrieved on: 
Thursday, July 20, 2023
Automotive Manufacturing, Aerospace, Manufacturing, Maritime, Air, Transport, Other Manufacturing, Other Defense, Logistics, Supply Chain Management, Defense, Engineering, Vesey Street, Attention, Maintenance, The 8th Floor, Atmosphere, William Blair & Company, Telephone, VSE Corporation, Sale, RBC Capital Markets, Prospectus, VSE, Security (finance), Syndicate, VSEC, L.L.C

VSE Corporation (NASDAQ: VSEC; “VSE”, or the “Company”), a leading provider of aftermarket distribution and maintenance, repair and overhaul (“MRO”) services for air, land and sea transportation assets for commercial and government markets, announced today that it has priced its previously announced underwritten public offering of 2,475,000 shares of its common stock at a price to the public of $48.50 per share.

Key Points: 
  • VSE Corporation (NASDAQ: VSEC; “VSE”, or the “Company”), a leading provider of aftermarket distribution and maintenance, repair and overhaul (“MRO”) services for air, land and sea transportation assets for commercial and government markets, announced today that it has priced its previously announced underwritten public offering of 2,475,000 shares of its common stock at a price to the public of $48.50 per share.
  • VSE has also granted the underwriters a 30-day option to purchase up to an additional 371,250 shares of common stock.
  • The offering is expected to close on July 24, 2023, subject to the satisfaction of customary closing conditions.
  • Net proceeds from the offering are expected to be approximately $112.7 million after deducting estimated underwriting discounts and commissions and before estimated offering expenses.

VSE Corporation Announces Public Offering of Common Stock

Retrieved on: 
Wednesday, July 19, 2023
Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Trucking, Alternative Energy, Energy, Maritime, Air, Defense, Transport, Other Defense, Contracts, Logistics, Supply Chain Management, Vesey Street, Attention, Maintenance, Atmosphere, The 8th Floor, William Blair & Company, Telephone, VSE Corporation, Sale, RBC Capital Markets, Prospectus, VSE, Security (finance), Syndicate, VSEC, L.L.C

VSE Corporation (NASDAQ: VSEC; “VSE”, or the “Company”), a leading provider of aftermarket distribution and maintenance, repair and overhaul (“MRO”) services for air, land and sea transportation assets for commercial and government markets, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common stock pursuant to an effective shelf registration statement.

Key Points: 
  • VSE Corporation (NASDAQ: VSEC; “VSE”, or the “Company”), a leading provider of aftermarket distribution and maintenance, repair and overhaul (“MRO”) services for air, land and sea transportation assets for commercial and government markets, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common stock pursuant to an effective shelf registration statement.
  • In addition, VSE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.
  • VSE expects to use substantially all of the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility and any remaining amounts for general corporate purposes.
  • The offering is being made only by means of a preliminary prospectus supplement and accompanying prospectus.