V2X Stock Price, News & Analysis

V2X Inc. (NYSE: VVX) has secured a $62 million contract to maintain the operational readiness of the COBRA DANE radar system in Alaska. The contract extension, running through March 2027, reinforces V2X's role as a leading provider of operational readiness and engineering support for this critical U.S. Space Force asset.

The COBRA DANE radar, standing 120 feet tall with a 95-foot diameter phased-array face, is capable of detecting and tracking objects up to 2,000 miles away. The system serves dual purposes: supporting U.S. Ballistic Missile Defense and providing space domain awareness by identifying satellites and debris in Earth's orbit.

V2X (NYSE: VVX) will showcase its latest defense innovations at the 2025 Sea-Air-Space Exposition from April 7-9 at Prince George's Exhibit Hall, Booth 200. The company will present three key solution areas:

Weapon System Integration (WSI): Platform-agnostic solutions for mission-critical weapon capabilities across airborne platforms, enabling enhanced weapons carriage and deployment for fourth and fifth-generation aircraft.

Enhanced Situational Awareness: Featuring the Gateway Mission Router (GMR) for secure real-time connectivity and Common Operating Picture across platforms, including new Wireless Intercom and Maintenance Data Offload capabilities.

Aviation Readiness Services: Supporting over 1,600 aircraft through advanced technologies, data analytics, and four FAA-certified Part 145 repair stations, with notable success in Navy's T-45 and C-12 programs.

V2X (NYSE: VVX) has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility. The amendment includes an updated leverage-based pricing grid that offers over 50 basis points of interest savings compared to the prior grid, with the facility extended by two years to March 2030.

As of December 31, 2024, there were no outstanding borrowings on the company's Revolver. The repricing and extension was well oversubscribed, demonstrating the company's strong market position and commitment to increasing shareholder value.

V2X (NYSE: VVX) has secured a position on the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (BEST MAC) Lot 1 contract, valued at $921 million. The contract spans a 10-year period, including a five-year base and two options (3+2 years).

The contract focuses on supporting the U.S. Army's TESS devices, which enable simulated military training engagements for weapons, vehicles, and aviation systems. This award complements V2X's existing $3.7 billion Warfighter-Training Readiness Solutions task order.

V2X will maintain and modify TESS products to ensure they remain current with evolving weapon systems, enhancing the Army's live training capabilities and supporting national security objectives.

V2X (NYSE: VVX) has secured a position on the U.S. Navy's Worldwide Expeditionary Multiple Award Contract (WEXMAC) 2.0, focusing on global logistics capabilities enhancement. The contract, jointly administered by the Army Contracting Command and Naval Supply Systems Command, has an initial five-year period with a $1.2 billion ceiling, extendable to 10 years for a total of $2.4 billion.

The company will support 22 regions, leveraging its global footprint to deliver logistics solutions that sustain military operations. This indefinite-delivery/indefinite-quantity contract aims to streamline procurement processes and enhance logistical support for joint forces and federal agencies worldwide.

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.