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 (NYSE: VVX) delivers mission-critical support services to U.S. defense and government agencies through integrated logistics, advanced IT solutions, and engineering expertise. This page provides investors and stakeholders with timely updates on the company's strategic developments in national security and infrastructure support.
Access official press releases and curated news covering V2X's government partnerships, technology implementations, and operational milestones. Key updates include new contract awards with military branches, earnings reports detailing financial performance, and innovation announcements in AI-driven mission support systems.
Our curated feed simplifies tracking V2X's progress in merging physical infrastructure management with cybersecurity and digital integration solutions. Bookmark this page to monitor how the company maintains its position as a trusted provider of facility operations, C4I systems engineering, and mission-ready logistics for defense clients.
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.
V2X, Inc. (NYSE: VVX), a leading provider of global mission solutions, has announced it will release its third quarter 2024 financial results on Monday, November 4, 2024, after market close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. U.S. participants can dial in at 877-506-6380, while international participants can use 412-542-4198.
A live webcast of the call and accompanying slide presentation will be available on the V2X website. For those unable to attend, a replay will be accessible on the company's website and via telephone until November 18, 2024, using the passcode 10193464.
V2X (NYSE: VVX) will showcase cutting-edge capabilities and mission-focused solutions at the 2024 AUSA Annual Meeting from October 14-16. At Booth 1327 in Exhibit Hall B, V2X will highlight:
1. AI-augmented real-time spectrum operations (RTSO): Analyzes electromagnetic data signatures for successful fleet maneuver operations.
2. Enhanced situational awareness: Gateway Mission Router (GMR) for improved air-to-ground operations.
3. Next-generation readiness systems: Support for the U.S. Army's TADSS network.
4. V-SPACE: Proprietary 5G technology for secure communications in remote environments.
These solutions aim to enhance U.S. Army readiness and national security, supporting the DoD's CJADC2 initiative and improving battlespace operations.
V2X, Inc. (NYSE: VVX) has been awarded a position on the $11.9 billion Defense Logistics Agency (DLA) J6 Enterprise Technology Services 2.0 (JETS 2.0) contract. This contract enables V2X to provide advanced IT solutions, including cloud services and cybersecurity services, to the DLA. The indefinite-delivery/indefinite-quantity contract has an initial five-year base period with a potential five-year option.
Jeremy C. Wensinger, President and CEO of V2X, emphasized the company's commitment to supporting the DLA's mission by delivering critical cybersecurity and IT modernization services. The contract will support both U.S. and international Defense Department operations with essential IT services.
V2X, Inc. (NYSE: VVX) has announced the pricing of a secondary offering of common stock by a selling stockholder at $48.00 per share. The offering includes an option for underwriters to purchase up to 300,000 additional shares. V2X is not selling any shares or receiving proceeds from this offering. The closing is expected around September 6, 2024, subject to conditions. Goldman Sachs & Co. , Morgan Stanley, and Baird are serving as joint book-running managers, with several other firms in supporting roles. A registration statement for this offering has been declared effective by the SEC, and a preliminary prospectus supplement has been filed.
V2X, Inc. (NYSE: VVX), a global mission solutions provider, has announced a proposed secondary offering of 2,000,000 shares of common stock by a selling stockholder. The underwriters may receive an option to purchase up to 300,000 additional shares. V2X is not selling any shares and will not receive any proceeds from this offering. Goldman Sachs & Co. , Morgan Stanley, and Baird are acting as joint book-running managers. The offering is subject to market conditions and regulatory approvals.
A registration statement for this offering has been declared effective by the SEC. Interested parties can obtain the preliminary prospectus supplement and accompanying prospectus from the SEC's website or by contacting the joint book-running managers. The final terms will be disclosed in a final prospectus supplement to be filed with the SEC.
V2X, Inc. (NYSE: VVX) has announced key leadership changes. Jeremy Nance has been appointed as General Counsel, joining the executive team and reporting directly to President and CEO Jeremy C. Wensinger. Nance, who has been with V2X since July 2018, will oversee all legal matters related to the company's operations, transactions, and business practices.
In a related move, Sarita Malakar has been named Corporate Secretary and Sustainability Officer. Malakar, who joined V2X in July 2022, will ensure efficient and compliant operation of the Board of Directors. These appointments follow the departure of Kevin Boyle after six years of service to V2X.
V2X, Inc. (NYSE: VVX) has secured a $747 million contract for F-5 aircraft maintenance, important for training naval pilots in adversary combat tactics and simulation. This single award indefinite-delivery/indefinite-quantity contract emphasizes V2X's role in enhancing military readiness. The company will provide critical support for F-5 Adversary aircraft across multiple U.S. locations. The firm-fixed price contract is set to continue through November 2028, with three one-year options potentially extending it to November 2031. CEO Jeremy C. Wensinger expressed pride in V2X's selection for this vital project, reinforcing their commitment to national defense support.