V2X Stock Price, News & Analysis

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.

V2X Inc. (NYSE: VVX) has secured positions on all eight domains of the GSA's OASIS+ contract, establishing itself as one of only 10 companies to achieve this comprehensive coverage. The contract, which has a potential 10-year performance period and no ceiling limit, enables V2X to provide integrated mission solutions across multiple areas including Technical and Engineering, Research and Development, Intelligence Services, Environmental Services, Facilities Management, Logistics, Management and Advisory Services, and Enterprise Solutions.

The OASIS+ contract is designed to enhance procurement efficiency and transparency for federal agencies. As a multiple-award, indefinite delivery/indefinite quantity contract, it allows agencies to plan and execute mission-essential procurements without disruption.

V2X (NYSE: VVX), a global mission solutions provider, has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call at 4:30 p.m. ET on the same day, with management discussing the results.

Participants can join the call using the following dial-in numbers: 877-300-8521 (U.S.) or 412-317-6026 (international). A live webcast and slide presentation will be available on the V2X website and at a dedicated webinar link. A replay will be accessible on the company's website and via telephone through March 10, 2025, using 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10195666.

V2X (NYSE: VVX) has appointed L. Roger Mason as Chief Growth Officer, effective January 13, 2025. Mason will lead the company's growth strategy, market expansion, and business development initiatives, reporting to President and CEO Jeremy C. Wensinger.

Mason joins from Parsons , where he served as senior vice president advising on market strategy and growth. Previously, he was president of Peraton's Space and Intelligence sector, managing a $2 billion business focused on national security space and intelligence missions. His career includes executive positions at Noblis, General Dynamics, and the Institute for Defense Analyses.

Mason holds a PhD and MS in Engineering Physics from the University of Virginia and an MBA from Northwestern University's Kellogg School of Management. He has received the National Intelligence Distinguished Service Medal among other awards.

V2X (NYSE: VVX) has successfully repriced its $900 million First Lien Term Loan at 2.25%. The refinancing is expected to generate significant interest expense savings through a 50 basis points reduction in annual interest margin. This represents a total of 135 basis points in savings achieved on the First Lien Term Loan since October 2023. According to CFO Shawn Mural, this repricing will enhance the company's overall cost of capital and demonstrates the strength of their business while contributing to increased shareholder value.

V2X (NYSE: VVX) has secured a $170 million contract to continue supporting the Drug Enforcement Administration's (DEA) fleet of over 100 aircraft. The five-year contract extends V2X's long-standing partnership with the DEA, which began in 1997. The company will provide maintenance and support services to ensure operational readiness of the DEA's special mission aircraft and pilot development programs, contributing to the agency's drug trafficking prevention and national security missions.

V2X Inc. (NYSE: VVX) has opened its new corporate headquarters in Reston, Virginia, strategically positioning itself in Northern Virginia's business corridor. The move aims to enhance the company's innovation and operational excellence in support of national security, defense, and mission readiness worldwide. The new location serves as a collaborative workspace for V2X's global workforce of approximately 16,000 professionals.

CEO Jeremy C. Wensinger emphasized that the headquarters represents V2X's growth phase and will help attract top talent. The company specializes in integrating physical and digital environments, providing AI and machine learning capabilities across national security, defense, civilian, and international markets.