VSE Corp. / VSEC
About VSE Corp.
2550 Huntington Ave., Alexandria, Va. 22303
www.vsecorp.com
| 703-960-4600
| Founded: 1959
Industry: Government And Professional Services | Category: Public Companies
VSE's basic business is to refurbish old, decommissioned Navy ships and sell them to the military and foreign countries. Two deals with the Army — one to provide technical support services in tracking improvised explosive devices and another to do maintenance and logistics work for equipment in Iraq and Afghanistan — boosted its revenue by nearly $500 million for the past two years. In 2007, the company acquired Integrated Concepts and Research, a technical and management services company.
Chairman: Donald M. Ervine
2007 Financial Data
Revenues: $653,164,000 | Net Income: $14,102,000Asssets: $171,771,000 | Earnings Per Share: $2.82
Stockholder Equity: $56,376,000 | Annual Dividend: $0.16
Total employees: 1,223 | Local employees: 450
Company Leadership
| Ralph Edward Eberhart | Director |
| Don Ervine | Executive Chairman |
| Clifford M. Kendall | Director |
| Calvin Scott Koonce | Director |
| James Lafond | Director |
| David M. Osnos | Director |
| Jimmy D. Ross | Director |
| Bonnie K. Wachtel | Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
PUNCTURE PROOFING: The company has a $100 million contract to spray a polyurethane-based ballistic coating on fuel tankers used in Iraq. If the tanker is hit by a small arms round, the coating seals the metal so the fuel cannot leak and ignite.
