V2X Stock Price, News & Analysis

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.

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.