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 Inc. (NYSE: VVX) has been awarded a $141 million cost-plus-fixed-fee task order to provide engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems as part of the Navy's Fleet Systems Engineering Team (FSET) program. The contract, which extends through July 2029 with an option to extend to 2030, continues V2X's 25-year relationship with the U.S. Navy.
V2X will deliver end-to-end C4I systems engineering solutions to the Navy's afloat force, including command ships, ballistic missile defense ships, strike groups, and specific shore facilities. The company will also offer systems engineering and technical innovation for rapid integration of new capabilities to address emerging threats to Navy networks.
V2X, Inc. (NYSE: VVX), a global mission solutions provider, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET on the same day for senior management to discuss the results. U.S. participants can dial 877-506-6380, while international participants can dial 412-542-4198 to join the call.
A live webcast of the conference call and accompanying slide presentation will be available on the V2X website's Investors section. For those unable to attend, a replay of the call will be accessible on the company's website and via telephone until August 20, 2024.
V2X has secured a $265 million contract to support NASA's Johnson Space Center, focusing on the Sonny Carter Training Facility and its Neutral Buoyancy Laboratory (NBL). This contract, extending to 2033, includes maintaining hardware and software systems critical for astronaut training. The NBL is integral to the upcoming Artemis 2 mission set for September 2025, marking a historic lunar mission with the first woman and person of color to visit the moon. V2X will assist in technical support, ensuring the readiness of equipment and software for these important missions. The NBL simulates spacewalks and recovery missions and has recently been upgraded to include a model of the moon's surface.
V2X and its subsidiary VPS have been named in the 2024 Training Industry Top 20 list for Custom Content Development. This marks the 14th consecutive year that VPS has been honored, highlighting their commitment to quality and innovation in corporate learning. VPS has integrated advanced technologies like Interactive Media, AR, VR, and AI into its training solutions and has effectively adapted to distance learning trends.
The recognition underscores VPS's client-centric approach and consistent excellence in service delivery. Executives credit the award to their dedicated team and loyal clients. For more details, visit www.vpslearning.com.
V2X (NYSE: VVX) has successfully repriced and extended its $907 million First Lien Term Loan.
The annual interest margin was lowered by 50 basis points to 2.75%, and the 10-basis point Credit Spread Adjustment was removed from the Secured Overnight Financing Rate.
The maturity of the loan has been extended by two years to December 2030.
Shawn Mural, Senior Vice President and CFO, stated that these changes would lead to significant interest expense savings and lower the overall cost of capital, enhancing shareholder value.
V2X (NYSE: VVX), a provider of global mission solutions, will participate in the Stifel 2024 Cross Sector Insight Conference in Boston. The event will take place on Wednesday, June 5, at 3:00 p.m. Eastern time. The company's management will address the conference, and a live webcast will be available at the provided link. The webcast will also be available for replay for 90 days.
V2X (NYSE: VVX), a leading provider of global mission solutions, will participate in the Baird 2024 Global Consumer, Technology & Services Conference.
The event is scheduled for June 4, 2024, at 3:45 p.m. Eastern time in New York City. The company's management will address the conference, potentially providing insights into its operations, strategies, and future prospects.
V2X (NYSE: VVX) announced that multiple sites under its operation were recognized by the Defense Information Systems Agency (DISA) as Facility of the Year. These awards highlight exemplary performance in the Department of Defense Information Network. Three V2X locations won top honors, supporting the OPMAS-E, ELVIS, and OMDAC programs, while four other sites were runners-up. Ken Shreves, SVP of Global Mission Solutions, appreciated the recognition and emphasized V2X's dedication to ensuring the reliability and security of DoD networks worldwide.
V2X, Inc. announced the appointment of Jeremy Wensinger as President, CEO, and Board member, succeeding Chuck Prow. With a 35-year career in defense and government services, Wensinger is set to lead the company's growth. The transition, effective June 17, 2024, aims to maintain positive business momentum.
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.
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