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VSE Corporation reports developments in aviation aftermarket distribution and repair services. The company serves commercial aviation and business and general aviation markets through aftermarket parts distribution and maintenance, repair, and overhaul services for engine components and engine and airframe accessories.
Recurring VSEC news includes quarterly operating results, dividend declarations, investor conference participation, capital actions, refinancing activity, and acquisition-related updates. Following the completed acquisition of Precision Aviation Group, company updates also address expanded MRO, distribution, and supply-chain capabilities serving business and general aviation, rotorcraft, defense, OEM, and commercial aviation customers.
VSE Corporation (NASDAQ: VSEC) will announce its third quarter 2020 results on October 28, 2020, after market close. A teleconference is scheduled for October 29, 2020, at 8:30 A.M. EST to discuss financial outcomes and recent developments. Investors can access the live broadcast via the Investor Relations section of VSE’s website. A replay will be available until November 12, 2020. VSE provides maintenance, repair, and overhaul services across land, sea, and air transportation sectors, catering to both public and private markets.
VSE Corporation (NASDAQ: VSEC) announced the appointment of Stephen D. Griffin as the new Senior Vice President and Chief Financial Officer, effective November 9, 2020. He succeeds Thomas Loftus, who will remain until December 31, 2020 for a smooth transition. Griffin has over a decade of experience in senior finance roles at GE, overseeing a $15 billion engine services division. His addition aims to strengthen VSE's leadership as it enters a new phase of growth and value creation.
VSE Corporation (NASDAQ: VSEC) announced the retirement of Executive Vice President and Chief Financial Officer Thomas R. Loftus after 42 years with the company. Loftus will assist in the transition until the end of 2020, with a successor expected to be named in the fourth quarter. Loftus has played a crucial role in VSE's strategic financial management, contributing to free cash flow generation and working capital reduction. CEO John Cuomo expressed gratitude for Loftus's leadership and contributions to the company's success.