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.
V2X, Inc. (NYSE: VVX) is a premier U.S.-based company providing vital services to the U.S. government and international clients. Formed by the merger of Vectrus and Vertex, V2X brings a combined 120 years of successful mission support, specializing in integrating physical and digital infrastructure. Headquartered in McLean, Virginia, the company operates globally with a workforce of approximately 16,000 employees dedicated to tackling complex challenges with agility and commitment.
V2X delivers a comprehensive suite of services that include facility and logistics solutions, information technology mission support, and engineering and digital integration services. The company's technical expertise encompasses communications systems operations and maintenance, system-of-systems engineering, software development, and extensive mission support capabilities for the Department of Defense (DoD).
The company's facility and logistics services are extensive, covering airfield management, civil engineering, emergency services, life support activities, and more. V2X's information technology and network communications capabilities ensure robust systems installation, activation, and maintenance, vital for the operational readiness of the DoD.
V2X has shown strong financial performance, demonstrated by a series of recent achievements. In early 2024, the company was awarded a $190 million contract from the U.S. Army to support the USARCENT Training and Range Operations Maintenance Services Contract. This contract underscores V2X's commitment to enhancing warfighter readiness with advanced Training Aids, Devices, Simulators, and Simulations (TADSS).
In the fourth quarter of 2023, V2X reported significant financial results, including record revenue and notable cash generation. The company achieved a backlog of approximately $13 billion, with a robust pipeline of future opportunities valued at $15 billion. These figures highlight V2X's robust market position and its ability to deliver long-term growth and value for shareholders.
V2X's commitment to innovation is further evidenced by its contracts to provide threat detection and response solutions to Chemical, Biological, Radiological, and Nuclear (CBRN) hazards. The company secured $75 million in new projects to lead the CBRN Support to Command and Control (CSC2) program and modernize threat warning systems. Additionally, V2X was awarded an $88 million contract to support Navy communications systems in the Pacific, extending through October 2029.
V2X is also a prime contractor for the U.S. Navy's Global Contingency Services Multiple Award Contract III (GCSMAC III), valued at up to $2 billion. This contract enables the company to provide critical support for a wide range of scenarios, including natural disasters, humanitarian efforts, and military actions.
Overall, V2X continues to demonstrate its ability to deliver comprehensive lifecycle solutions that improve security, streamline logistics, and enhance readiness. The company's strategic focus on expanding its capabilities and market reach positions it as a leader in the operational segment of the federal services market, dedicated to empowering clients' mission success through innovative and integrated solutions.
V2X, Inc. (NYSE: VVX), a key player in defense solutions, is set to report its first quarter 2023 financial results on May 9, 2023, after market close. A conference call with senior management will follow at 4:30 p.m. ET.
The announcement underscores V2X's commitment to delivering critical mission support to defense clients worldwide. The company emerged from the 2022 merger of Vectrus and Vertex, leveraging over 120 years of combined expertise to provide integrated solutions across various defense markets.
Investors can access the live conference call via dial-in options and a webcast available through the company’s website. A replay will also be available for a year post-call.
V2X (NYSE: VVX) has secured a $440 million contract with the U.S. Navy to provide maintenance support for Naval Test Wing Pacific (NTWP) at Point Mugu and China Lake, CA. This seven-year contract, which extends to March 2030, involves flightline maintenance, logistics, and technical support for squads VX-30 and VX-31. V2X CEO Chuck Prow emphasized the company's commitment to mission readiness and its established history in supporting Naval Aviation. This contract aligns with NAVAIR’s goals for developing and sustaining advanced capabilities for the Navy.
V2X, Inc. (NYSE: VVX), a top provider of mission solutions for defense clients, announced its participation in the Raymond James & Associates 44th Annual Institutional Investors Conference. This event will take place on March 6, 2023, at 4:00 p.m. Eastern time. Investors can tune into a live webcast of the briefing at this link, which will also be available for replay for 30 days. V2X was formed through the merger of Vectrus and Vertex in 2022, combining over 120 years of experience in defense support.
On March 2, 2023, V2X, Inc. (NYSE: VVX) reported strong financial results for Q4 and full-year 2022, following its merger with Vertex Aerospace. Q4 revenue reached $978.2 million, a 20% year-over-year increase on a pro forma basis, driven by significant growth in the INDOPACOM region. The company boasted a substantial backlog of over $12 billion and an adjusted EBITDA of $79.3 million. Full-year revenue was $2.891 billion, with a diluted EPS of ($0.68). For 2023, V2X anticipates revenue growth of 5% and adjusted EBITDA growth of 8%. The company successfully repaid $25 million of debt and refinanced its credit facilities for improved liquidity.
V2X, Inc. (NYSE: VVX) is set to report its financial results for the fourth quarter and full year of 2022 on March 2, 2023, after market close. A conference call with senior management will occur at 4:30 p.m. ET on the same day. Interested U.S. participants can join at 877-506-6380, while international participants may call 412-542-4198. V2X, formed from the 2022 merger of Vectrus and Vertex, delivers mission support to defense clients globally, employing about 14,000 personnel. A replay of the call will be accessible on the company's investor relations website for one year.
V2X, Inc. (NYSE: VVX) has announced a prepayment of $25 million on its $185 million Second Lien Term Loan, made on December 30, 2022. This strategic move aims to reduce interest expenses and enhance shareholder returns. CFO Susan Lynch emphasized the company's commitment to improving its cost of capital and achieving further interest savings. V2X, formed by the merger of Vectrus and Vertex, provides critical mission solutions to defense clients worldwide, leveraging over 120 years of combined experience.
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