AMERICAN SYSTEMS to Support U.S. Naval Sea Systems Command Naval Ship Transfer and Repair Contract Worth up to $1.5 Billion

CHANTILLY, VA--(Marketwire - Apr 16, 2012) - AMERICAN SYSTEMS, a leading provider of federal IT and engineering solutions, today announced that it is part of the Naval Ship Transfer and Repair (N*STAR) team selected to support the Naval Sea Systems Command's (NAVSEA's) International Fleet Support Program. Under the Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract, which carries a ceiling of approximately $1.5 billion over five years, AMERICAN SYSTEMS will help to provide continuous lifecycle support to vessels bought, sold or transferred to Foreign Military Sales (FMS) customers.

"We are proud to be a part of N*STAR, which includes some of the most talented and experienced organizations in the industry teamed up to provide essential services to NAVSEA," said William C. Hoover, president and CEO of AMERICAN SYSTEMS. "AMERICAN SYSTEMS' support will directly help NAVSEA meet the International Fleet Support Program's mission to assist foreign navies and coast guards."

Under the terms of the contract, the N*STAR team will provide design support, configuration management, maintenance, engineering, training and depot-level repair to the International Fleet Support Program. These services will be provided for NAVSEA, the largest of the Navy's five systems commands, which is responsible for engineering, building, buying and maintaining ships, submarines and combat systems.

AMERICAN SYSTEMS joins subcontractors including Raytheon, Science Applications International Corporation (SAIC), Thales Naval Inc., Lockheed Martin, Computer Sciences Corporation (CSC), BAE SYSTEMS and General Dynamics under the prime contractor, VSE Corporation, to perform tasks specified by the contract.

Work under the contract has one base year and four one-year options.

About AMERICAN SYSTEMS

Founded in 1975, AMERICAN SYSTEMS is one of the largest employee-owned companies in the United States, with approximately 1,500 employees nationwide. Based in the Washington, D.C., suburb of Chantilly, Va., the company provides systems engineering, technical and managed services to government customers. AMERICAN SYSTEMS was named to the Federal 100 list in 2009 for influencing how the government buys, uses and manages IT. For more information, please visit: www.AmericanSystems.com.