News about V2X, Inc. (NYSE: VVX) centers on its role as a provider of global mission solutions for defense, national security, civilian, and international customers. Company announcements highlight contract awards, acquisitions, leadership changes, and program milestones that reflect how V2X supports mission readiness, modernization, and data-enabled operations.
Recent news releases describe major indefinite-delivery, indefinite-quantity (IDIQ) awards, including participation in the Missile Defense Agency’s SHIELD contract vehicle in support of the Golden Dome American initiative. Under this framework, V2X works with the Missile Defense Agency and industry partners to accelerate delivery of defense capabilities and advance technologies such as early warning radar sustainment, scalable integrations, systems engineering, advanced analytics, rapid prototyping, and cybersecurity.
Other coverage includes a significant IDIQ contract to support automated test systems used to sustain a broad range of aircraft platforms for the U.S. Air Force and allied customers, and a long-term contract to modernize and upgrade cockpit displays for the U.S. Air Force F-16 fleet. V2X also reports task orders such as its work at Red Hill, Hawaii, where it supports the U.S. Navy in establishing safe and reliable water supply systems in the Indo-Pacific region.
Beyond contracts, V2X news features the debut of mission platforms like the Tempest Mobile Fires Platform and the Gateway Mission Router, updates on warfighter training and readiness solutions, and information on acquisitions such as the purchase of QinetiQ’s U.S. Intelligence business. Investors and observers can also find updates on secondary offerings by a major shareholder, board and executive appointments, and quarterly financial results and guidance.
This news page aggregates these announcements so updates cover how V2X’s contracts, technologies, and organizational developments relate to its VVX stock and its position in defense and national security markets.
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.
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.