| Business Summary | | VSE
Corporation's
business
operations
consist
primarily
of
diversified
engineering,
technical
and
management
services,
performed
on
a
contract
basis.
The
Company's
business
operations
consist
of
the
operations
of
the
parent
company,
operations
of
its
wholly
owned
subsidiaries,
and
operations
of
its
divisions.
Wholly
owned
subsidiaries
include
Energetics
Incorporated,
Human
Resource
Systems,
Inc.,
Ship
Remediation
and
Recycling,
Inc.
and
VSE
Services
International,
Inc.
Unincorporated
divisions
include
BAV
Division,
Fleet
Maintenance
Division,
Ordnance
Division,
GSA
Services
Division,
Telecommunications
Technologies
Division,
and
Value
Systems
Services
Division.
Substantially
all
of
the
Company's
contracts
are
with
agencies
of
the
United
States
Government
and
other
government
prime
contractors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VSE
Corporation
is
engaged
in
providing
engineering,
testing,
and
management
services
to
the
U.S.
government
and
software
development
to
government
prime
contractors.
For
the
six
months
ended
6/30/01,
revenues
fell
12%
to
$55.1
million.
Net
income
fell
42%
to
$590
thousand.
Revenues
reflect
decreased
services
ordered
under
the
BAV
contract
and
the
expiration
of
contract
performed
by
VSS
for
U.S.
Navy.
Earnings
reflect
lower
margins
due
to
increased
competition. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Ervine, 64 Chairman,
CEO | $291K | James Todd, 54 Pres,
COO, Director | 85K | Craig Weber, 56 CFO,
Exec. VP, Sec. | 177K | Byron Bartholomew, 73 Exec.
VP, Bus. Devel. | 180K | James Knowlton, 58 Exec.
VP, Pres of BAV Division | 288K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|