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.
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V2X, Inc. (NYSE:VVX) announced solid first quarter 2024 results with revenue up 7.1% y/y to $1.01 billion. Operating income was $30.3 million, adjusted operating income at $62.9 million, and net income up $18.6 million y/y to $1.1 million. Adjusted EBITDA at $69.1 million with a 6.8% margin. Diluted EPS was $0.04, adjusted diluted EPS at $0.90. The company was selected for significant defense contracts, including technology solutions for threat detection and a $2 billion U.S. Navy contract. The 2024 guidance was reaffirmed with robust growth indicators.
V2X, Inc. (NYSE: VVX) extends its support to the National Training Center Training Services Contract (NTCTSC) with a one-year bridge contract with the US Army. This reinforces V2X's excellence in preparing warfighters for deployment, providing advisory services, technical expertise, and system operators at Ft. Irwin, CA. The contract includes various specialized training support services, and V2X's proven track record positions it uniquely to prepare soldiers for global missions.
V2X, Inc. (NYSE: VVX) has secured an $88 million contract to support Navy communication systems in the Pacific region. The contract spans until October 2029 and underlines V2X's dedication to enhancing Navy operations.
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.
