V2X Stock Price, News & Analysis

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.

V2X Inc. (NYSE: VVX) has formed a strategic joint venture with Parsons (NYSE: PSN) called Polar Science Alliance (PSA) to pursue the National Science Foundation Antarctica Science and Engineering Support Contract (ASESC). The contract has an $8 billion ceiling value and aims to support the United States Antarctic Program (USAP) over the next two decades.

V2X brings over a decade of polar operations experience and was recently awarded a ten-year follow-on option for the U.S. Space Force Pituffik Space Base in Greenland. Parsons contributes 55 years of polar operations expertise, including work on the Antarctica Infrastructure Modernization for Science Project. The joint venture will support NSF's scientific research activities and logistical operations in Antarctica and the Southern Ocean.

V2X (NYSE:VVX) announced the pricing of a secondary public offering by a selling stockholder at $61.00 per share. The selling stockholder granted underwriters an option to purchase up to 375,000 additional shares. V2X is not selling any shares and will not receive any proceeds from the offering. The offering is expected to close around November 14, 2024. Baird, Goldman Sachs & Co. , and Morgan Stanley are leading the offering as joint book-running managers, with BofA Securities, Citigroup, RBC Capital Markets, and Stifel also serving as joint book-running managers.

V2X (NYSE:VVX) has announced an underwritten public offering of 2,500,000 shares of common stock by a selling stockholder. The stockholder plans to grant underwriters an option to purchase up to 375,000 additional shares. V2X is not selling any shares and will not receive any proceeds from the offering. Baird, Goldman Sachs & Co. , and Morgan Stanley are serving as lead joint book-running managers. The offering is subject to market conditions, with no guarantee of completion or final terms.

V2X (NYSE:VVX) reported strong Q3 2024 results with record revenue of $1.08 billion, up 8% year-over-year. The company achieved significant growth in the Indo-Pacific region (31% y/y) and Middle East (13% y/y). Notable financial highlights include record net income of $15.1 million, up $21.5 million y/y, and record adjusted EBITDA of $82.7 million, up 28% y/y with a 7.6% margin. The company secured approximately $5 billion in new awards, including a significant $3.7 billion Warfighter-Training Readiness Solutions contract. Based on strong performance, V2X updated its 2024 guidance, raising revenue expectations to $4,225-$4,275 million.