V2X Stock Price, News & Analysis

V2X (NYSE: VVX) will showcase cutting-edge capabilities and mission-focused solutions at the 2024 AUSA Annual Meeting from October 14-16. At Booth 1327 in Exhibit Hall B, V2X will highlight:

1. AI-augmented real-time spectrum operations (RTSO): Analyzes electromagnetic data signatures for successful fleet maneuver operations.

2. Enhanced situational awareness: Gateway Mission Router (GMR) for improved air-to-ground operations.

3. Next-generation readiness systems: Support for the U.S. Army's TADSS network.

4. V-SPACE: Proprietary 5G technology for secure communications in remote environments.

These solutions aim to enhance U.S. Army readiness and national security, supporting the DoD's CJADC2 initiative and improving battlespace operations.

V2X, Inc. (NYSE: VVX) has been awarded a position on the $11.9 billion Defense Logistics Agency (DLA) J6 Enterprise Technology Services 2.0 (JETS 2.0) contract. This contract enables V2X to provide advanced IT solutions, including cloud services and cybersecurity services, to the DLA. The indefinite-delivery/indefinite-quantity contract has an initial five-year base period with a potential five-year option.

Jeremy C. Wensinger, President and CEO of V2X, emphasized the company's commitment to supporting the DLA's mission by delivering critical cybersecurity and IT modernization services. The contract will support both U.S. and international Defense Department operations with essential IT services.

V2X, Inc. (NYSE: VVX) has announced the pricing of a secondary offering of common stock by a selling stockholder at $48.00 per share. The offering includes an option for underwriters to purchase up to 300,000 additional shares. V2X is not selling any shares or receiving proceeds from this offering. The closing is expected around September 6, 2024, subject to conditions. Goldman Sachs & Co. , Morgan Stanley, and Baird are serving as joint book-running managers, with several other firms in supporting roles. A registration statement for this offering has been declared effective by the SEC, and a preliminary prospectus supplement has been filed.

V2X, Inc. (NYSE: VVX), a global mission solutions provider, has announced a proposed secondary offering of 2,000,000 shares of common stock by a selling stockholder. The underwriters may receive an option to purchase up to 300,000 additional shares. V2X is not selling any shares and will not receive any proceeds from this offering. Goldman Sachs & Co. , Morgan Stanley, and Baird are acting as joint book-running managers. The offering is subject to market conditions and regulatory approvals.

A registration statement for this offering has been declared effective by the SEC. Interested parties can obtain the preliminary prospectus supplement and accompanying prospectus from the SEC's website or by contacting the joint book-running managers. The final terms will be disclosed in a final prospectus supplement to be filed with the SEC.

V2X, Inc. (NYSE: VVX) has announced key leadership changes. Jeremy Nance has been appointed as General Counsel, joining the executive team and reporting directly to President and CEO Jeremy C. Wensinger. Nance, who has been with V2X since July 2018, will oversee all legal matters related to the company's operations, transactions, and business practices.

In a related move, Sarita Malakar has been named Corporate Secretary and Sustainability Officer. Malakar, who joined V2X in July 2022, will ensure efficient and compliant operation of the Board of Directors. These appointments follow the departure of Kevin Boyle after six years of service to V2X.

V2X, Inc. (NYSE: VVX) has secured a $747 million contract for F-5 aircraft maintenance, important for training naval pilots in adversary combat tactics and simulation. This single award indefinite-delivery/indefinite-quantity contract emphasizes V2X's role in enhancing military readiness. The company will provide critical support for F-5 Adversary aircraft across multiple U.S. locations. The firm-fixed price contract is set to continue through November 2028, with three one-year options potentially extending it to November 2031. CEO Jeremy C. Wensinger expressed pride in V2X's selection for this vital project, reinforcing their commitment to national defense support.

V2X, Inc. (NYSE: VVX) has secured a $3.7 billion task order to provide readiness capabilities to the U.S. Army worldwide under the Warfighter-Training Readiness Solutions (W-TRS) program. The five-year contract, including option periods, focuses on mission enablement services for the Army's Training Aids Devices Simulations and Simulators (TADSS) network. V2X will deliver a flexible enterprise solution supporting hundreds of thousands of critical devices globally, adapting to evolving warfighter training needs.

This win reinforces V2X's position as a leading provider of full spectrum readiness for the U.S. Army. The company has a long-standing partnership with the Army, supporting two of its four Combat Training Centers and U.S. Army Central Command in Kuwait. V2X's commitment extends to ensuring readiness across all global theaters, strengthening national defense during peacetime and active operations.

V2X, Inc. (NYSE:VVX) reported record revenue of $1.07 billion for Q2 2024, up 10% year-over-year. The company achieved operating income of $27.4 million and adjusted operating income of $65.8 million. However, V2X reported a net loss of $6.5 million, down $8.3 million year-over-year. Adjusted EBITDA was $72.3 million with a margin of 6.7%. The company secured over $4 billion in recent awards, including a new $3.0+ billion contract for next-generation readiness. V2X has raised its full-year revenue guidance while reaffirming Adjusted EBITDA, EPS, and Operating Cash Flow guidance for 2024.

V2X, Inc. (NYSE:VVX) has been awarded a $48.5 million Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army for the Gateway Mission Router (GMR). This four-year contract falls under the PEO Soldier portfolio and aims to enhance battlefield communications. The GMR is designed to create a fully converged operational environment by integrating information and assured communications across multiple domains.

The GMR is a rugged and cyber-hardened technology that facilitates real-time situational awareness. It is adaptable for deployment across aviation and ground vehicle platforms, ensuring versatility in various operational scenarios. This contract highlights V2X's commitment to delivering cutting-edge solutions for national defense and positions the company as a key enabler for the Department of Defense's Combined Joint All Domain Command and Control (CJADC2) initiative.