Welcome to our dedicated page for V2X news (Ticker: VVX), a resource for investors and traders seeking the latest updates and insights on V2X stock.
Overview
V2X (NYSE: VVX) is a U.S.-based mission support company that has established a robust reputation in serving government agencies, particularly in the defense, national security, and critical infrastructure sectors. With decades of expertise, V2X builds innovative solutions that integrate physical and digital environments, ensuring that complex government missions are supported every step of the way. Utilizing cost leadership and a commitment to superior program performance, V2X is a trusted partner in environments where precision, reliability, and technical excellence are imperative.
Core Business Segments
The company operates as a single integrated segment, offering a comprehensive suite of services that include:
- Facility and Logistics Services: V2X provides essential support ranging from airfield and public works management to emergency services, ensuring that critical infrastructure is maintained and operational.
- Information Technology Mission Support: Delivering advanced IT services, V2X supports communications system operations, network maintenance, systems installation, and integrated mission support, particularly for the U.S. Department of Defense.
- Engineering and Digital Integration: With expertise in systems engineering, digital integration, and software development, the company enhances capabilities across command, control, communications, computer, and intelligence (C4I) systems. It is adept at merging physical operations with sophisticated digital technologies, including AI and machine learning, to drive secure and efficient mission execution.
Operational Excellence and Market Position
The success of V2X lies in its ability to manage the entire lifecycle of mission support. By aligning people, processes, and technology, V2X ensures that its services are delivered with precision and efficiency, even in the most challenging operational environments. Its deep-rooted experience in executing long-term contracts with key military branches such as the U.S. Navy and Army has cemented its role as a reliable facilitator for national security initiatives. The company continuously enhances its service delivery models, positioning itself at the forefront of innovation by integrating modern technologies and addressing the complex needs of mission-critical operations.
Industry-Specific Capabilities and Technology Integration
In today's rapidly evolving defense and security landscape, V2X stands apart with its commitment to adopting advanced technology solutions. The integration of AI and machine learning, alongside robust cybersecurity measures, enables the company to monitor, manage, and protect communication systems effectively. These technologies, coupled with its expertise in digital integration and operational logistics, help ensure the seamless operation of systems vital for the readiness and effectiveness of U.S. military assets. The company's ability to converge information and assured communication across multiple domains is critical in supporting the dynamic needs of defense operations.
Commitment to Mission Success
Central to V2X's service ethos is its dedication to mission success. The company works with a disciplined focus on ensuring that every component of its service offering contributes to the overall effectiveness and security of government operations. By leveraging a deep understanding of the military operational environment, V2X is able to provide a full spectrum of support, from initial system integration to ongoing maintenance and continuous innovation. This approach not only supports current operational needs but also reinforces a legacy of reliable, scalable, and efficient service delivery.
Summary
V2X embodies a blend of technical expertise, operational robustness, and innovative capability. Its integrated service offerings in facility management, logistics, IT mission support, and advanced engineering empower government and defense operations to meet today's challenges effectively. With a strong commitment to quality and a proven track record of long-term customer relationships, V2X maintains a prominent position in the government services and defense support industry.
V2X (NYSE: VVX) has secured a $100 million contract to support the U.S. Navy's Aegis Ashore facilities in Poland, a critical component of NATO's missile defense system. The contract, structured as firm-fixed-price, includes a one-year base period with seven one-year options and a six-month extension.
The facilities are designed to detect, track, and intercept ballistic missiles in flight, strengthening NATO's defensive capabilities. V2X brings experience from providing similar support services at the U.S. Navy's Aegis Ashore sister site in Romania for the past four years.
V2X (NYSE: VVX) has secured a significant $100 million contract to provide aviation maintenance and support services for the FBI's Critical Incident Response Group. The contract encompasses field-level maintenance, special mission equipment sustainment, training, and administrative services for the FBI's specialized aviation fleet.
The indefinite-delivery, indefinite-quantity agreement includes a five-year ordering period with four 12-month options. V2X will operate across multiple U.S. locations, supporting the FBI's intelligence gathering, investigation operations, and law-enforcement activities by ensuring their aircraft remain mission-ready.
V2X (NYSE: VVX) reported strong Q4 2024 financial results with record revenue of $1.16 billion, up 11% year-over-year. The company achieved significant growth in the Indo-Pacific region (27% y/y) and maintained a book-to-bill ratio of 1.2x with total backlog reaching $12.5 billion.
Key Q4 metrics include record net income of $25.0 million, adjusted net income of $42.7 million (up 10% y/y), and adjusted EBITDA of $86.2 million with a 7.4% margin. The company reported diluted EPS of $0.78 and adjusted diluted EPS of $1.33 (up 9% y/y).
For full-year 2024, V2X generated revenue of $4.32 billion (up 9% y/y) and achieved strong cash flow from operations of $254.2 million. The company successfully reduced net debt by $210 million, reaching a net leverage ratio of 2.6x. Looking ahead to 2025, V2X projects revenue guidance midpoint at $4.44 billion and adjusted EBITDA at $313 million.
V2X (NYSE: VVX) has secured a $21 million firm-fixed-price contract to sustain avionics and electronic warfare systems for the U.S. Air Force. The contract focuses on maintaining AN/ALQ-172 and AN/ALQ-161 components for the B-52 Stratofortress, B-1B, and C-130 fleet.
The AN/ALQ-172 system provides multi-threat countermeasures against various radar threats, while the AN/ALQ-161 system has undergone continuous upgrades since the 1980s to counter evolving electronic threats. The work will be performed at Robins Air Force Base, Georgia and Indianapolis, Indiana, with completion expected in 2029.
CEO Jeremy C. Wensinger emphasized the company's dual mission of enhancing legacy systems with cost-effective solutions while ensuring aircrew safety in evolving threat environments.
V2X Inc. (NYSE: VVX) has secured positions on all eight domains of the GSA's OASIS+ contract, establishing itself as one of only 10 companies to achieve this comprehensive coverage. The contract, which has a potential 10-year performance period and no ceiling limit, enables V2X to provide integrated mission solutions across multiple areas including Technical and Engineering, Research and Development, Intelligence Services, Environmental Services, Facilities Management, Logistics, Management and Advisory Services, and Enterprise Solutions.
The OASIS+ contract is designed to enhance procurement efficiency and transparency for federal agencies. As a multiple-award, indefinite delivery/indefinite quantity contract, it allows agencies to plan and execute mission-essential procurements without disruption.
V2X (NYSE: VVX), a global mission solutions provider, has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call at 4:30 p.m. ET on the same day, with management discussing the results.
Participants can join the call using the following dial-in numbers: 877-300-8521 (U.S.) or 412-317-6026 (international). A live webcast and slide presentation will be available on the V2X website and at a dedicated webinar link. A replay will be accessible on the company's website and via telephone through March 10, 2025, using 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10195666.
V2X (NYSE: VVX) has appointed L. Roger Mason as Chief Growth Officer, effective January 13, 2025. Mason will lead the company's growth strategy, market expansion, and business development initiatives, reporting to President and CEO Jeremy C. Wensinger.
Mason joins from Parsons , where he served as senior vice president advising on market strategy and growth. Previously, he was president of Peraton's Space and Intelligence sector, managing a $2 billion business focused on national security space and intelligence missions. His career includes executive positions at Noblis, General Dynamics, and the Institute for Defense Analyses.
Mason holds a PhD and MS in Engineering Physics from the University of Virginia and an MBA from Northwestern University's Kellogg School of Management. He has received the National Intelligence Distinguished Service Medal among other awards.
V2X (NYSE: VVX) has successfully repriced its $900 million First Lien Term Loan at 2.25%. The refinancing is expected to generate significant interest expense savings through a 50 basis points reduction in annual interest margin. This represents a total of 135 basis points in savings achieved on the First Lien Term Loan since October 2023. According to CFO Shawn Mural, this repricing will enhance the company's overall cost of capital and demonstrates the strength of their business while contributing to increased shareholder value.
V2X (NYSE: VVX) has secured a $170 million contract to continue supporting the Drug Enforcement Administration's (DEA) fleet of over 100 aircraft. The five-year contract extends V2X's long-standing partnership with the DEA, which began in 1997. The company will provide maintenance and support services to ensure operational readiness of the DEA's special mission aircraft and pilot development programs, contributing to the agency's drug trafficking prevention and national security missions.
V2X Inc. (NYSE: VVX) has opened its new corporate headquarters in Reston, Virginia, strategically positioning itself in Northern Virginia's business corridor. The move aims to enhance the company's innovation and operational excellence in support of national security, defense, and mission readiness worldwide. The new location serves as a collaborative workspace for V2X's global workforce of approximately 16,000 professionals.
CEO Jeremy C. Wensinger emphasized that the headquarters represents V2X's growth phase and will help attract top talent. The company specializes in integrating physical and digital environments, providing AI and machine learning capabilities across national security, defense, civilian, and international markets.
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