VSE Corporation and Wheeler Bros., Inc. Win US Postal Service Repower Contract

VSE Corporation VSEC announced today that it has received notification from the US Postal Service that it will be awarded a contract to deliver a more fuel efficient repowered gasoline LLV prototype delivery vehicle for the existing fleet. VSE submitted a proposal with Wheeler Bros of Somerset, PA, to develop and deliver the vehicle for testing. The USPS solicitation asked that contractors propose fuel efficient gasoline or diesel engine to be used in the USPS truck fleet, which is the largest civilian fleet in the world. A prototype vehicle is to be tested and delivered within six months. The VSE-WBI team proposed a fuel efficient engine designed by WBI especially for the Postal LLV fleet. Dave Wheeler, CEO of WBI, said, “We have spent years and a lot of money developing this engine and we think it will be a big winner. It is designed to be an affordable drop-in solution for the Postal Service. This engine could double the mileage of the current engine and at today's fuel prices, the avoided cost of fuel and environmental benefits will be tremendous.”