V2X Announces $75 Million in Awards to Enhance Global CBRN Threat Detection and Decision Support Systems

Rhea-AI Summary

V2X, Inc. (NYSE: VVX) has secured a total of $75 million in funding to advance threat detection and response to CBRN hazards globally. The company will serve as the lead systems integrator under the CSC2 program, enhancing security and operational readiness against evolving threats. V2X is also set to modernize CBRN threat warning applications with an additional $25 million award, aiming to provide enhanced decision support tools. These initiatives highlight V2X's commitment to innovation in national defense and its pivotal role in advancing global security initiatives.

Positive

• V2X secures $75 million in funding to advance threat detection and response against CBRN hazards globally.

• The company will serve as the lead systems integrator under the CSC2 program, enhancing security and operational readiness against evolving threats.

• Modernization of CBRN threat warning applications with an additional $25 million award to provide enhanced decision support tools.

• V2X's pivotal role in advancing global security initiatives and commitment to innovation in national defense.

Negative

• None.

MCLEAN, Va., May 1, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) has been awarded a total of $75 million in new and follow-on work to advance the next generation of threat detection and response to Chemical, Biological, Radiological, and Nuclear (CBRN) hazards. This funding is a significant step forward in enhancing global security and operational readiness against evolving threats.

The first part of this funding, amounting to $50 million, is a five-year project that will position V2X as the lead systems integrator under the CBRN Support to Command and Control (CSC2) program. CSC2 is now the program of record for the integration of CBRN and force protection sensors, which provides integrated early warning of attacks, enhancing security and operational readiness at overseas locations.

In addition to the CSC2 contract, V2X is finalizing a $25 million award to modernize and re-architect the CBRN threat warning and notification application, and predictive hazard propagation tools for enhanced operational decision support. These cutting-edge applications are designed to leverage existing systems while adding additional capabilities in a single user-friendly interface. This initiative will play a critical role in harnessing and synthesizing the growing volume of data available to commanders, ensuring rapid and informed decision-making in complex scenarios.

"These awards not only exemplify our commitment to innovation in national defense but also positions V2X at the forefront of a crucial global security initiative that requires distinct operational expertise and an ability to integrate the right technologies for the right mission" said Corinne Minton-Package, Senior Vice President of Operational Technology and Engineering at V2X. "Our technology-driven and converged security solutions are set to significantly boost the efficacy and responsiveness of CBRN threat detection and mitigation on an international scale."

Both CBRN opportunities are pivotal in advancing the Department of Defense's vision for Combined Joint All-Domain Command and Control (CJADC2). This vision seeks to connect sensors into a cohesive architecture that communicates across all branches of service, forming a unified network that enhances the collective operational capability of the U.S. military.

The projects underscore V2X's role as a critical integrator and developer of sophisticated systems that improve security and defense capabilities on a global scale. The company continues to be a leader in the development and deployment of operational solutions that address high consequence mission requirements.

About V2X
V2X builds smart solutions designed to integrate physical and digital infrastructure – by aligning people, actions, and outputs. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.

The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 16,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.

Media Contact 
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

Investor Contact 
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-announces-75-million-in-awards-to-enhance-global-cbrn-threat-detection-and-decision-support-systems-302132423.html

SOURCE V2X, Inc.

FAQ

What is the total amount of funding awarded to V2X?

V2X has been awarded a total of $75 million in new and follow-on work to advance threat detection and response to CBRN hazards.

What is the project V2X will lead under the CSC2 program?

V2X will lead the CBRN Support to Command and Control (CSC2) program with $50 million funding, providing integrated early warning of attacks.

What is the purpose of the $25 million award received by V2X?

The $25 million award aims to modernize CBRN threat warning applications and predictive hazard propagation tools for enhanced operational decision support.

Who is the Senior Vice President of Operational Technology and Engineering at V2X?

Corinne Minton-Package is the Senior Vice President of Operational Technology and Engineering at V2X.

What is the vision of the Department of Defense that the projects support?

The projects support the Department of Defense's vision for Combined Joint All-Domain Command and Control (CJADC2) to enhance the collective operational capability of the U.S. military.

What role does V2X play in advancing security and defense capabilities globally?

V2X is a critical integrator and developer of sophisticated systems that improve security and defense capabilities on a global scale.