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Vectrus, Inc. (NYSE: VEC) announced a new five-year task order valued at $250 million to provide logistics support services to the U.S. Army at Fort Benning, Georgia. This task order, awarded under the Enhanced Army Global Logistics Enterprise (EAGLE) contract, extends through December 2026. CEO Chuck Prow expressed gratitude for the Army's continued confidence in Vectrus. The company, headquartered in Colorado Springs, boasts a workforce of about 9,200 employees and generated $1.4 billion in sales in 2020.
Vectrus, Inc. (NYSE: VEC) has announced the expansion of its Converged Environment service to enhance installation management for the Department of Defense (DoD). This approach integrates physical and digital infrastructure, aiming to improve performance and reduce costs across various operational sectors. Currently implemented at Naval Base Coronado, the service focuses on modernizing aging infrastructure and manual processes. Vectrus positions itself as a trusted partner for the U.S. military, emphasizing cost savings and enhanced security through innovative technology solutions.
Vectrus, Inc. (NYSE: VEC) will participate in the Cowen 43rd Annual Aerospace/Defense & Industrials Conference on February 9 at 12:40 p.m. Eastern time. A live audio webcast will be available, along with a replay for 90 days. Vectrus, with over 70 years of experience, provides essential mission support globally, including base operations, supply chain logistics, IT mission support, and security services. In 2020, the company reported sales of $1.4 billion and employs around 9,200 personnel across 27 countries.
Vectrus, Inc. (NYSE:VEC) reported strong Q3 results with total revenue up 30.4% to $459.4 million, driven by acquisitions and organic growth of 13%. The company's operating income stood at $12.9 million, reflecting a margin of 2.8%. Adjusted EPS was $1.15, increasing from $0.97 year-over-year. Significant contracts were awarded, including a $93 million IDIQ contract for Navy systems. The company maintained a total backlog of $4.9 billion and reiterated 2021 revenue guidance of $1.745 to $1.780 billion, up 26.2% from 2020.
Vectrus, Inc. (NYSE: VEC) is set to release its financial results for the third quarter ending October 1, 2021, on November 9, 2021, after market close. A conference call with senior management will follow at 4:30 p.m. ET the same day. U.S. investors can access the call at 844-825-9789, while international participants may dial 412-317-5180. The event will be webcasted live on the Vectrus Investor Relations website. The company generated $1.4 billion in sales in 2020 and employs approximately 9,200 people across 206 locations worldwide.
Vectrus, Inc. (NYSE: VEC) reported strong financial results for Q2 2021, with revenues of $470.8 million, reflecting a 40.1% increase year-over-year. Organic revenue growth was noted at 21%, bolstered by successful task orders in the Indo-Pacific and Iraq. Adjusted EBITDA margin reached 5.6%. Vectrus announced its revenue guidance for 2021 of $1.745 to $1.780 billion, and adjusted diluted EPS is projected between $4.76 and $5.07. CEO Chuck Prow emphasized their strategic acquisitions and performance improvement initiatives as key drivers of growth.
Vectrus, Inc. (NYSE: VEC) will announce its financial results for Q2 2021 on August 10, 2021, after market close. The results will cover the quarter ending on July 2, 2021. A conference call with senior management is scheduled for 4:30 p.m. ET on the same day. Participants can join via phone or through a live webcast on the Vectrus Investor Relations website. The call will be available for replay for one year. Vectrus generated $1.4 billion in sales in 2020, supporting military and government operations worldwide.
Vectrus, Inc. (NYSE: VEC) announced the award of two firm-fixed-price task orders valued at $40 million to support the U.S. Air Force. These orders are part of the Air Force Contract Augmentation Program V (AFCAP V), a $6.4 billion IDIQ contract aimed at providing various support services. CEO Chuck Prow emphasized that these wins highlight Vectrus' capability in meeting critical mission requirements, reflecting confidence from the Air Force in their logistical and support services.
Vectrus, Inc. (NYSE: VEC) has announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference scheduled for June 10, 2021, at 4:00 p.m. Eastern time. Company management will provide insights into their operations and strategies. Interested parties can access a live audio webcast of the event through this link, with a replay available for 90 days afterward. Vectrus continues to deliver essential services to military and government clients globally, showcasing its commitment to operational excellence.
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