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.
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 readers can follow how V2X’s contracts, technologies, and organizational developments relate to its VVX stock and its position in defense and national security markets.
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.
V2X, Inc. (NYSE: VVX) has secured a $3.7 billion task order to provide readiness capabilities to the U.S. Army worldwide under the Warfighter-Training Readiness Solutions (W-TRS) program. The five-year contract, including option periods, focuses on mission enablement services for the Army's Training Aids Devices Simulations and Simulators (TADSS) network. V2X will deliver a flexible enterprise solution supporting hundreds of thousands of critical devices globally, adapting to evolving warfighter training needs.
This win reinforces V2X's position as a leading provider of full spectrum readiness for the U.S. Army. The company has a long-standing partnership with the Army, supporting two of its four Combat Training Centers and U.S. Army Central Command in Kuwait. V2X's commitment extends to ensuring readiness across all global theaters, strengthening national defense during peacetime and active operations.
V2X, Inc. (NYSE:VVX) reported record revenue of $1.07 billion for Q2 2024, up 10% year-over-year. The company achieved operating income of $27.4 million and adjusted operating income of $65.8 million. However, V2X reported a net loss of $6.5 million, down $8.3 million year-over-year. Adjusted EBITDA was $72.3 million with a margin of 6.7%. The company secured over $4 billion in recent awards, including a new $3.0+ billion contract for next-generation readiness. V2X has raised its full-year revenue guidance while reaffirming Adjusted EBITDA, EPS, and Operating Cash Flow guidance for 2024.
V2X, Inc. (NYSE:VVX) has been awarded a $48.5 million Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army for the Gateway Mission Router (GMR). This four-year contract falls under the PEO Soldier portfolio and aims to enhance battlefield communications. The GMR is designed to create a fully converged operational environment by integrating information and assured communications across multiple domains.
The GMR is a rugged and cyber-hardened technology that facilitates real-time situational awareness. It is adaptable for deployment across aviation and ground vehicle platforms, ensuring versatility in various operational scenarios. This contract highlights V2X's commitment to delivering cutting-edge solutions for national defense and positions the company as a key enabler for the Department of Defense's Combined Joint All Domain Command and Control (CJADC2) initiative.
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.